STOCK WATCH

■ YU GROUP is on course to beat revenue forecasts after a record-breaking year. The company, which supplies energy, gas and water to businesses, said revenue for 2022 looks to have risen more than 76pc to over £275m – up from a forecast of around £260m in November. Investors will be rewarded with a ‘modest’ dividend payment, bosses said. They also said Yu has made a strong start to the new financial year. Shares soared 12.1pc, or 77p, to 715p.