Computacenter results a hit with markets

Shares in FTSE 250 corporate technology supplier Computacenter (LON:CCC) shot 16.05% higher to 1,251p (as of 10:30 BST) after it posted a first quarter update. Like-for-like revenue and profitability both rose relative to the same period of 2018 and the company’s recent acquisitions have also had a positive impact on results.

Management reported more challenging economic conditions in some of its core markets. However, the firm’s customers were continuing to invest in upgrading their technologies and management said they were on track to meet full year performance expectations.