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The Markets
by Proactive
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The Markets
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Proactive UK has moved.
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Investments and investor services

Vesuvius shares rise as first quarter prompts positive outlook

The engineer said it has made good progress addressing temporary headwinds

Vesuvius Plc (LON:VSVS) shares were on the front foot on Thursday after the metals engineering group told investors that its market conditions remain positive.

The company added that it has made good progress addressing temporary headwinds seen in 2017, and, as a result, the first quarter performance exceeded expectations.

Market movers: Capita shares plunge on rights issue

“This performance underpins the board's confidence in revising its expectations for trading performance for the full year to be marginally above previous guidance, despite a foreign exchange headwind,” it added.

Vesuvius shares gained 17.5p or 2.83% to 634p.

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