Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Genus boosts guidance on strong trading

Fri 16 Jan 2026 07:02

(Sharecast News) - Animal genetics specialist Genus upped guidance on Friday, on the back of robust trading.

The London-listed business said it had performed "strongly" in the six months to 31 December, and now expects adjusted pre-tax profits to come in around £50m in actual currency, ahead of internal forecasts.

Including a milestone payment from its Chinese partner Beijing Capital Agribusiness (BCA), interim profits are expected to be £55.6m.

Last September, Basingstoke-based Genus struck a deal to accelerate its 49%-owned porcine joint venture with BCA in China.

Genus confirmed that it had now received approval from the relevant authorities in China, trigging the $7.5m milestone payment.

Looking further ahead, the firm said the performance in its global porcine genetics (PIC) division continued to be "strong", while diary and cattle (ABS) was trading "as expected".

As a result, full-year profits were now tracking "moderately" above the top end of current market expectations.

Genus currently operates in more than 25 countries, with research laboratories in Wisconsin. It specialises in using biotechnology to improve animal breeding and genetics for livestock farming and food producers.

Share this article

Related Sharecast Articles

Fri 11 Sep 2026 14:22
Citi hikes Victrex price target after guidance upgrade
(Sharecast News) - Citi hiked its price target on Victrex on Friday to 1,000p from 700p as it updated its model following the company's FY26 pre-close trading update.
Fri 11 Sep 2026 13:44
Jefferies upgrades Halma, XP Power and Renishaw
(Sharecast News) - Jefferies upgraded Halma, XP Power and Renishaw on Friday as it took a look at diversified industrials.
Fri 11 Sep 2026 07:47
C&C to take over wholesale arm of Asahi UK, shares jump
(Sharecast News) - Irish drinks manufacturer C&C Group has acquired the UK wholesale businesses of Asahi and entered into a long-term business partnership with the Japanese brewing giant, causing the London-listed stock to jump on Friday.
Fri 11 Sep 2026 07:30
Supermarket Income REIT buys six grocery assets for £104m
(Sharecast News) - Supermarket Income REIT said on Friday that it has acquired six grocery assets for £104m, completing the deployment of proceeds from its £100m equity raise in July.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Awards

Award 1
Award 2
Award 3

Policies and important information

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Statutory and Regulatory disclosures | Whistleblowing programme

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026