24th Feb 2015 08:27
LONDON (Alliance News) - Equipment rental company Vp PLC on Tuesday said it expects its full-year results to be ahead of market expectations, despite saying it expects a limited impact from the fall in oil prices.
Vp said it traded well over the winter period, boosted by relatively mild weather conditions and a steady pick up in demand in the early part of 2015.
It said its performance in the construction, housebuilding and infrastructure sectors remains strong, though it said it does anticipate a limited impact on oil and gas-related activities owing to the fall in the oil price.
Overall, however, it said the business is trading well, and it expects its results for the year to the end of March to be ahead of current market expectations.
Shares in Vp were up 4.0% to 620.00 pence on Tuesday morning, one of the best performers in the FTSE All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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