UK's Kainos Group jumps on positive FY26 outlook
01/09/2025 12:31
Updates ** UK's Kainos Group KNOS.L jumps as much as 20.5% to 852.5p; stock on track for best day since October 2020 ** Stock top gainer on the FTSE mid 250 index .FTMC and is trading at its highest since December 2024 ** IT software developer expects revenues for FY26 at upper end of company compiled forecasts of £378 million to £393.4 million ($510.64 million to $531.44 million) ** Adjusted PBT for the same period expected to be in line with forecasts of £65.1 million to £74.7 million ** Analysts at Panmure Liberum and Stifel say the trading update is better than expected and marks a potential turning point for the company ** Including session's gains, KNOS up over 4% YTD ($1 = 0.7402 pounds) (Reporting by Atharva Singh in Bengaluru) ((Atharva.singh@thomsonreuters.com))