UK's Midwich Group jumps after forecasting higher first-half profit
21/07/2026 09:15
BUZZ-UK's Midwich Group jumps after forecasting higher first-half profit ** Shares of audio-visual products distributor Midwich Group MIDWM.L up 4% at 133.8 pence
** Co expects H1 adjusted pretax profit to rise about 10% to £10.6 million ($14.25 million) with growth across several markets helping offset impact of ongoing Middle East conflict
** Sees H1 revenue at about £640 million, up around 3% from a year earlier
** Says full-year results to be broadly in line with 2025
** YTD, stock is down ~28%
($1 = £0.7441)
(Reporting by Neeshita Beura in Bengaluru)