IN BRIEF: FDM shares up amid pick-up in activity levels since summer

FDM Group Holdings PLC - London-based IT-focused professional services provider - Expects to publish 2025 results in line with its expectations. Despite this, it adds that economic and geopolitical uncertainty continues to undermine client confidence, impacting the length of their decision cycles and demand for FDM’s consultants. ‘However, since the summer, there has been a degree of pick-up in activity levels in some of our key operating geographies. In response to these early indicators we have cautiously increased our volume of consultants in training in the UK, North America and Australia. We are hopeful that this pick-up in activity levels will continue,’ FDM says. The company had 2,003 consultants assigned to clients at October 31, down 7.8% from 2,173 at June 30 and 31% lower than 2,906 at October 31, 2024.

Current stock price: 137.80 pence each, up 9.4% on Tuesday afternoon in London

12-month change: down 60%

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