Keller Group, an expert in preparing ground for building floors, listed on the London Stock Exchange 20 years ago but on Wednesday the company branched out into breaking ceilings as a well-received trading update saw its shares reach a record high.
The company said that after a strong first four months of the year, it expected that its full-year performance would be materially ahead of the board’s original expectations, pushing its shares up by 240p, or 21.1 per cent, to £13.76 at the top of the FTSE 250.
In its key North America division, Keller continued to enjoy strong trading, though analysts at Berenberg warned that the strength of the US stood “in sharp contrast” to European markets where demand remained weak. They added that
