UK's Next 15 Group gains on robust annual earnings

Next 15

25/04/2023 12:23

** Next 15 Group Plc's shares  NFGN.L  rise as much as 14.9%
to 804p, set for best day since Aug 2020, if gains hold
    ** The consultancy firm reports a 42% jump in FY adjusted
profit before tax, on a 56% surge in net revenue
    ** Co lifts dividend by 20% to 10.1p/share
    ** CEO Tim Dyson says positive trading continued into new
FY, with good levels of activity across all four segments
    ** Peel Hunt analysts expect Next 15 to continue to perform
despite the noise on downbeat tech firms and marketing budgets
    ** Stock currently up about 11%, trimming YTD losses to
about 22%

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))