The group’s FY25 year-end trading update is positive, confirming robust trading conditions and momentum continue. Revenue and profit expectations are in line with recently upgraded forecasts, so we make no further changes to numbers. AES continues to see strong momentum, boosted by a recent defence contract win. Development pathways and commercialisation costs are in line with management plans for the Imaging businesses. The shares have started to outperform but remain attractive both on a near- ....
