27th Sep 2018 13:12
LONDON (Alliance News) - Vp PLC on Thursday said it had the positive start to the new financial year with good progress made throughout the summer trading period.
The UK division has further developed following an integration of the Brandon Hire business into the company's combined tool hire operations.
In November last year, Vp bought rival Brandon Hire Group Holdings Ltd and its subsidiaries for GBP41.6 million in cash. Brandon Hire is a tool and equipment hire business which at the time had over 900 employees and operated from a network of 143 locations across the UK.
Within the International division, the oil and gas related activities have seen some modest upturn as the market slowly recovers, Vp noted.
The stock was trading up 0.5% on Thursday at 1,100.00 pence per share.
Vp also confirmed that it will announce its results for the six months ending September 30 on November 27.
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