IN BRIEF: Gattaca stock surges on strong year-to-date trading

Gattaca PLC - Fareham, England-based recruitment agency - Issues a trading update for the year ending July 31. Says it is trading ahead of market expectations, due to contract recruitment continuing to ‘perform strongly’. Raises its full-year underlying pretax profit guidance to at least £6.0 million, compared with its previous forecast of £4.5 million. In October, Gattaca reported £3.3 million in underlying pretax profit for its previous financial year, up 14% annually. Its new forecast for financial 2026 represents annual growth of at least 83%.

Chief Executive Officer Matthew Wragg comments: ‘The group has continued to make good progress through the second half, with strong contract growth across our core sectors and continued operational discipline supporting performance ahead of previous market expectations. Our strategic investments are delivering, and the majority of our sectors are showing year-on-year growth. The board remains confident in the group’s strategy and is focused on building momentum in the challenging market conditions.’

Current stock price: 127.25 pence, up 17% on Thursday in London

12-month change: up 62%

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