UK's Kainos Group tops FTSE midcaps on re-appointment of former CEO
11/12/2024 09:17
** Shares of IT software provider Kainos Group KNOS.L rise
about 7% to 859 pence, stock is the top gainer on FTSE midcap
index .FTMC
** Co re-appoints Brendan Mooney as CEO, replacing Russell
Sloan, with immediate effect
** Mooney served as co's CEO for 22 years before stepping
down in Sept 2023
** Board maintains trading forecast for FY ending March 2025
** As of last close, stock down ~23.83% YTD
(Reporting by Ankita Bora in Bengaluru)
((Ankita.Bora@thomsonreuters.com))