UK's XP Pensions at 3-month high on upbeat revenue forecast

XPS Pensions

14/02/2025 08:50

** Shares of UK's XP Pensions  XPS.L  jump 10.63% to 386p,
their highest since November 28
    ** Stock is a top mover on London's mid-cap index  .FTMC 
    ** The pensions consulting and administration firm expects
15-16% 2025 revenue growth
    ** Co expects operational gearing to have improved and sees
full-year results materially ahead of previously upgraded
expectations
    ** XPS says strong performance driven by ‍continued
regulatory change, new clients, inflation-linkage of contracts 
    ** Co says ‍workplace pensions remain high on agenda, with
further regulatory changes expected later this year  
    ** In 2024, stocks rose 9.68%
 
 ($1 = 0.7950 pounds)

 (
 Reporting by Simone Lobo in Bengaluru)
 ((Simone.Lobo@thomsonreuters.com; +919920570373;))