FDM Group Holdings PLC - IT-focused professional services provider - Says it traded in line with expectations during the first three months of 2023. Notes softer trading across its operating territories in the second quarter due to global macro-economic and geopolitical uncertainty, including in ‘particular the well-reported recent issues in the banking and finance sector’, FDM adds. However, it says it is optimistic that confidence in the banking and finance sector will improve.

Chair David Lister says: ‘The group traded in line with the board’s expectations during the first three months of the financial year. Ongoing global macro-economic and geopolitical uncertainty, including in particular the well-reported recent issues in the banking and finance sector, have resulted in softer trading across our operating territories in the second quarter.’

Current stock price: 627.00 pence each, down 3.8% on Tuesday morning in London

12-month change: down 32%

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