UK's Howden Joinery drops after trading update

Howden Joinery

06/11/2025 09:23

**  Shares of kitchen and interior fittings company Howden Joinery HWDN.L down 3.9% at 839 p, among top losers on London's FTSE 100 .FTSE
** London-listed co says it remains on track with 2025 outlook

** HWDN expects to deliver FY group profit before tax in line with current market expectations of 331 million pounds ($444.24 million)
** Investec analyst Aynsley Lammin says, "While the trading update was very reassuring with the Group on track for the full year, in the absence of any upgrades and ahead of the Budget, valuation looks relatively full for now"

** Up to Wednesday's close, stock had risen 9.77%

($1 = 0.7451 pounds)

 (Reporting by Simone Lobo)

 ((Simone.Lobo@thomsonreuters.com, +919920570373))