Howden Joinery tops FTSE 100 on robust HY earnings

Fy Financial Shenzhen

21/07/2022 09:27

** Shares of British kitchen appliance co Howden Joinery
 HWDN.L  rise as much as 4.9% at 657p
    ** Stock is top gainer in UK's blue-chip index  .FTSE 
    ** Stock hits its highest levels in 1-1/2 months
    ** Co reports 21.6% increase to 145 mln pounds ($172.88 mln)
in its HY profit before tax as demand for its products remain
robust  urn:newsml:reuters.com:*:nRSU2011Ta
    ** Howden says it is on track to meet its FY outlook 
    ** Co increases interim dividend by 9.3% to 4.5p per share
    ** HWDN raises its capex outlook for current year by 20 mln
pounds to 130 mln pounds, as it continues to invest in multiple
projects
    ** Including session's gains, stock down 28.6% YTD 

     ($1 = 0.8387 pounds)

 (Reporting by Sinchita Mitra in Bengaluru)
 ((Sinchita.mitra@thomsonreuters.com))