UK's Kainos Group rises on positive FY25 outlook

Kainos

14/04/2025 09:11

** UK's Kainos Group KNOS.L jumps as much 10.49% to 710p; top gainer on London's mid cap index .FTMC

** IT software developer logs highest intraday gain since May 17, 2024

** Expects to deliver FY25 revenues and adj PBT in line with consensus forecasts after solid Q4 performance

** Stifel analyst Peter McNally says improvement in UK government-exposed Digital Services division indicates previous declines could be reversing

** Analyst says UK government's full Spending Review due in June could benefit co through contract awards

** Up to Friday's close, KNOS down ~20% this year

 (
 Reporting by Simone Lobo in Bengaluru)

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