BTG, HomeServe and Ferrexpo

“The FTSE100 opened in negative territory after firm falls on Wall Street and in the US dollar overnight as traders reacted to a hawkish set of US Federal Open Market Committee minutes,” says AJ Bell Investment Director Russ Mould.

“Specialist healthcare group BTG topped the FTSE250 board after it confirmed that revenues for the year to the end of March would be at or above the upper end of the guidance range of £535m - £565m. The business performed well during the year and company has expanded the portfolio both organically and through acquisition. BTG’s shares were up by more than 4.1%.

“Home repair and improvements provider HomeServe’s shares were up in early trading following a bullish pre-close trading update. HomeServe has seen strong momentum in the business and results for the year ended 31 March are expected to be at the upper end of forecasts. HomeServe has made rapid progress in the US and also agreed new partnerships with Aviva in the UK and Edison Energia in Italy, giving it a platform for further strong growth HomeServe’s shares were up by more than 1.5% in early trading

“Iron-ore producer Ferrexpo’s shares were down after total pellet production fell to 2,624 thousand tonnes in the first quarter - down from 2,887 thousand tonnes a year ago. The group’s output was hit by scheduled pellet line maintenance in January and February and a 55 day pellet line refurbishment which began on 20 March. Ferrexpo’s shares were down by 3.6%.”

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