A trading update from Fintech Trufin this morning gave investors something to cheer as the company noted a 40% uptick in revenues for the first half of the year. As a result, adjusted EBITDA for the same period is expected to be 125% higher and as a result of this, the group now expects to materially exceed market forecasts for the full year. The Trufin share price was 18% higher in the first few minutes of trade.
Insurer Aviva published interim results this morning, noting a 22% increase in profits and a 10% bump in the mid-point dividend as the company’s integration of Direct Line continues apace. Cash generation has also been bolstered and the company’s outlook remains on track, with operating profits expected to be £2bn by next year. The Aviva share price made modest gains in response, edging up almost 3% shortly after the open.
Shares in the fast fashion group Boohoo could find themselves in focus during the day after 27% shareholder Frasers issued a statement requesting the suspension of the executive Vice Chair following media reports last week. The Boohoo share price started the day lower but has swiftly seen losses recovered to trade up around 0.5% so factionally back into positive territory by 8.20am.
Most read news on Investegate this morning
2025 Interim Results Announcement - - Aviva (AV.)
Recommended acquisition of Empiric by Unite Group - - Empiric Student Property (ESP)
Open letter to the Chairman of boohoo group plc - - Frasers Group (FRAS)
