UK's Hill & Smith climbs on higher HY results, share buyback

Hill and Smith

13/08/2025 08:36

** Shares of infrastructure products maker Hill & Smith HILS.L up 11.3% at 2,190p - highest since Aug 2024

** HILS posts HY adj operating profit up 11% on constant currency basis, driven by upbeat performance in U.S. Engineered Solutions & Galvanizing Services

** Announces 100 mln-pound ($135.36 mln) share buyback

** Keeps full year expectations unchanged

** "The outlook statements are good and should squash lingering concerns of a US slowdown," Jefferies says in a note

** As of last close, stock up ~5% YTD vs 5.92% rise in FTSE mid-cap index .FTMC

($1 = 0.7388 pounds)

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))