13th May 2016 06:55
LONDON (Alliance News) - Trading, risk management and settlement services provider Brady PLC on Friday said trading in the first quarter met its expectations, as its chairman said he intends to retire in the summer.
Paul Fullagar, Brady's chairman for nine years, said he is planning to retire this summer and said the process to appoint a replacement is "well advanced".
In a statement to be given at the company's annual general meeting, Fullagar said trading for Brady was in line in the first quarter.
The company's recycling division has signed an agreement with SA Recycling to manage its acquisition of Newell Industries, while Brady's energy unit has secured a cloud-based deal with an unnamed US renewable energy firm and a credit risk service contract with an unnamed oil company.
The commodities unit, meanwhile, has signed a service deal with an unnamed Chinese trading company to support it cotton trading services, the chairman said.
"We look forward to reporting deal flow and business progress as the group enters the traditionally busy second quarter," Fullagar added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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