20.08.2014

Vp reports upward trend

UK based rental group Vp has reported an improving trend in trading since releasing its annual results in early June.

The full interim statement is as follows:At the Annual General Meeting on 22nd July we reported that the group had maintained excellent business momentum into the new financial year. This trend has continued into August with good demand, in particular, from infrastructure and house building, and a gradual improvement in general construction.”

“On 30th July we announced the acquisition of the trackside plant and equipment rental activity of Balfour Beatty Rail Limited for a cash consideration of £5.5 million. The initial integration with our rail activity, Torrent Trackside, is progressing well. The group continues to identify areas for further investment in its business streams and we remain well placed to deliver good progress this year.”