Vesuvius Plc shares rise as first quarter prompts positive outlook

() shares were on the front foot on Thursday after the metals engineering group told investors that its market conditions remain positive.

The company added that it has made good progress addressing temporary headwinds seen in 2017, and, as a result, the first quarter performance exceeded expectations.

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“This performance underpins the board’s confidence in revising its expectations for trading performance for the full year to be marginally above previous guidance, despite a foreign exchange headwind,” it added.

Vesuvius shares gained 17.5p or 2.83% to 634p.