Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     
  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     
  • Bitcoin GBP

    48,514.74
    -1,706.00 (-3.40%)
     
  • CMC Crypto 200

    1,261.13
    -96.88 (-7.13%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     
  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

BUZZ-FDM: hits record high on H1 profit surge

** FDM (Shenzhen: 002196.SZ - news) shares up 13.5 pct, hit record high

** Stock easily top gainer on FTSE midcap index

** IT services company, which was added to the FTSE 250 in May, reports 35.4 pct jump in H1 revenue to 117.1 mln pounds, and 33 pct rise in pre-tax profit to 20.6 mln pounds

** Stock on track for biggest single-day gain since May 2016

** Investec (LSE: INVP.L - news) hikes PT to 900p from 875p, retains "buy"

** FDM offers a good mixture of robust growth, cash generation and well underpinned forecasts - Investec

** All four brokerages covering FDM rate the stock "buy"; their median PT is 875 pence

** Monday's rise brings YTD gains for FDM to nearly 60 pct