The animal genetics company Genus has posted a trading update this morning ahead of the company’s AGM, noting a strong start to the year. Management have upped guidance for the full year performance with the company’s “PIC” porcine genetics business performing particularly well. The bovine division is lagging slightly but this is attributed to phasing and expectations are that performance here will improve in the second half. The Genus share price was 6% higher shortly after the bell.
The business software company Sage posted full year results this morning which saw revenues up 10% and underlying operating profits some 17% higher. The strong accompanying cash generation has not only facilitated an uptick in the dividend but will also see a share buyback of up to £300m being launched. FY26 forecasts set revenue growth at 9% or higher, whilst further improvements in operating margins are also anticipated. The Sage share price was close on 4% higher by 8.30am.
The package holiday company and leisure airline operator Jet2 issued half year results today. Revenues added 5% with passenger numbers up by a similar amount but operating profits trailed, gaining just 2%. The trend for customers booking closer to departure continues, but the demand is still there and expansion of the summer 2026 programme shows the growth ambition of the business. A modest uptick in the interim dividend has been proposed, whilst a £100m share buyback underlines the confidence. The Jet2 share price was up just over 4% in early trade.
Most read news on Investegate this morning
Findings following the independent Deloitte Review - - WH Smith (SMWH)
