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UK's Morgan Advanced Materials rises on upbeat profit outlook

By Reuters News

** Shares of Morgan Advanced Materials MGAMM.L up 6.8% at 276.5p

** Stock among top gainers on FTSE 250 index .FTMC

** Co sees adjusted operating profit for 2026 to be around the top end of analysts' expectations range

** Also starts formally engaging with potential buyers for its Thermal Products division

** Separately, co names Elizabeth Knowles as new CFO, replacing Richard Armitage

** MGAMM has risen about 28% so far this year

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