UK's Telecom Plus gains on upbeat annual outlook
30/04/2024 08:45
** Shares of Telecom Plus Plc TEP.L rise 4.6% to 1,792p,
stock among top pct gainers on FTSE 250 .FTMC index
** Supplier of utility services focused on domestic
customers in the UK sees FY24 adjusted profit before tax towards
upper end of market expectations
** Co posts strong organic customer growth of 14.1% during
FY ended March 31
** FY dividend payout of 83p/share, up from 80p yr ago
** Stock hits highest level since May 2023
** Including session's gains, stock up ~12% YTD
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))