Security barrier manufacturer Trellidor’s trading update on Wednesday excited the market, with the group’s stock surging 42% after it told investors that it expects its profit for the six months ended December will increase at least 33% after a strong performance by its UK business.

The company said its headline earnings per share (HEPS) will come in 33%-43% higher in the period under review, while its earnings per share (EPS) is expected to increase by as much as 43%...

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