Clarkson shares jump on guidance upgrade as broking drives Q4

Shares in Clarkson jumped on Friday after the Shipping services provider lifted annual guidance on a strong trading performance during the final quarter of 2023 driven by its broking division.

Underlying profit before tax was now expected to be at least £108m for the 12 months to December 31, the company said in a short trading update.

Shares rose more than 5% against a 0.55% fall for the FTSE 250 index.

Reporting by Frank Prenesti for Sharecast.com