UK's Victrex rises to 1-1/2-year high on revised profit outlook
09/09/2026 08:30
BUZZ-UK's Victrex rises to 1-1/2-year high on revised profit outlook ** Shares of Victrex VCTX.L rise 14% to 991p, their highest level since March 2025
** The polymer maker now expects FY26 underlying PBT of £45 million-£47 million ($61.02 million-$63.73 million), a jump from previous forecast of £42 million-£44 million
** Victrex expects annualised savings of £10 million in FY27 from previously announced headcount reductions
** Company appoints Chris Gilbert as interim CFO from September 1, 2026
** As of last close, Victrex stock up ~32.7% YTD
($1 = 0.7375 pounds)
(Reporting by Atharva Singh in Bengaluru)