Diploma down despite Q1 revenue growth

The share price of FTSE 250 technical services provider Diploma (LON:DPLM) dropped 2.37% to 1,856p (as of 10:45 GMT) as the company reported that revenues in the life sciences division were being held back. Management said that this was due to the timing of deliveries and they expect this to recover in the quarter.

Overall revenues for the three months ended 31st December were up by 9%, driven by acquisitions and strong growth in the seals sector.