UK's Michelmersh Brick soars on seeing FY22 results above market forecast
24/11/2022 14:18
** Shares of bricks manufacturer Michelmersh Brick Holdings
MBH.L up 11.5% to 87.98 pence
** Sees FY revenue and profit for group ahead of market
expectations urn:newsml:reuters.com:*:nTUC1PN3SZ
** Says trading performance of group has continued to be
positive into final quarter
** Hits highest level since Sept. 24
** Also buys brick fabricator Fabspeed Holdings Ltd for
initial consideration of 6.25 million pounds ($7.6 mln)
urn:newsml:reuters.com:*:nTUCB7QDLZ
** Despite session gains, stock has fallen 31% YTD
($1 = 0.8252 pounds)
(Reporting by Amna Karimi in Bengaluru
Editing by Mark Potter)
((Amna.Karimi@thomsonreuters.com; +91 8083261226;))