UK's TheWorks jumps after boosting 2027 profit outlook

Works co uk

20/03/2026 13:30

** Shares of British retailer TheWorks WRKS.L up 18.2% at 43p; stock is top gainer across London stocks

** Upgrades 2027 guidance to pre-IFRS adj. core profit of 15 million pounds from 12.7 million pounds expected earlier

** Co on track to deliver FY26 pre-IFRS adj. core profit of 11 million pounds ($14.72 million), in line with expectations

** Co takes decision to cease trading of group's online channel, to transition to non-transactional website

** Remains on track to deliver medium-term core-profit goal of 22.5 million pounds by 2030

** YTD, stock is up ~27.5%

($1 = 0.7471 pounds)

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))