Bumper gains for the online trading and investment platform were seen this morning as the company posted preliminary results. Expectations had already been guided higher and today’s print came in above that with talk of positive momentum being maintained, forecasts of a further 17% of income growth being delivered in FY27 and the partnership business with other financial institutions as being a key driver of growth. The CMC Markets share price was up 16% in early trade.
The facilities management company also posted an impressive set of full year results today showing that management had navigated the challenges of rising costs – specifically employment – well. Whilst contract wins were down by almost 20% YoY, the company has a record order book and pipeline, operating profits added 13% and the operating margin improved by 10 basis points with management flagging the National Insurance premium increases here specifically. There’s also some concern over the fact that should the conflict in the Middle East be prolonged then further cost pressures may be seen but the Mitie share price was trading up almost 4% shortly after the open.
The Helium explorer issued an update this morning noting that the company had signed an offtake agreement with a major US gas purchaser. This is at a fixed price and covers a period of three months but provides some certainty over the short term for HE1. Longer term negotiations are ongoing so this remains a story worth watching but shares were trading up as much as 4% by 8.30am.
Most read news on Investegate this morning
Results Of Equity Fundraising - - Afentra (AET)
Helium Offtake Agreement for Galactica Project - - Helium One Group Ltd (DI) (HE1)
