Renew Holdings' first-half trading in keeping with expectations
Engineering services group Renew Holdings said its trading in the six months ended 31 March was ahead on the year, and in line with the board's expectations.
FTSE AIM 100
3,636.17
08:10 26/04/24
n/a
n/a
FTSE AIM 50
3,955.55
08:10 26/04/24
n/a
n/a
FTSE AIM All-Share
754.40
08:10 26/04/24
n/a
n/a
Renew Holdings
928.00p
08:09 26/04/24
-1.07%
-10.00p
Support Services
10,593.89
08:10 26/04/24
0.67%
70.14
As a result of the acquisition of Giffen Holdings in October 2016, the board expected to record a modest net debt position in its interim numbers, it reiterated.
The company, which supported UK infrastructure, said directors expected to report a net cash position at 30 September.
It added that it had appointed Go-Ahead Group chief executive David Brown as a non-executive director with immediate effect.
At 13:05 GMT, shares in AIM-traded Renew were down 0.06% to 434.75p each.