Computacenter: Shares drive higher on record FY profit growth view

** Shares of British IT services company Computacenter Plc rise as much as 4.8%, among top percentage gainers on mid cap index

** Co expects record FY profit growth; for HY reports ~21% jump in rev, slight rise in adj. pretax profit

** Shares now up 3.5% at 1448p

** However, co flags Brexit costs as it will need more investment to manage transition, data residency regulations, among others

** Says investments, especially in IT, suffering from savings programmes, which are also affecting co

** But says it will benefit from weaker sterling against euro

** Shares have risen ~44% this year (Reporting by Yadarisa Shabong in Bengaluru)

2019-08-23 10:42:55

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.