UK's Fletcher King surges on upbeat outlook
03/05/2024 12:46
** Shares of Fletcher King Plc FCHK.L surge as much as 40%
to 49p, their highest since May 2022
** The UK-based company, which provides advice on property
fund management, property asset management and investment
broking, sees FY revenue "materially higher" than management
expectations
** Says it expects profit before tax for FY ended April 30,
2024, to be two to three times higher than year-ago period
** Stock up about 30% as at 1135 GMT, taking YTD gains to
~40%
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))