Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Renew Holdings confident in year-end order book

(Sharecast News) - Infrastructure engineering service provider Renew Holdings said in an update on Tuesday that in the first quarter of its new financial year, it maintained the positive trading momentum seen in 2023, aligning with the board's expectations. The AIM-traded company, which was holding its annual general meeting said its order book as of 31 December stood at £874m, showing a notable increase from the prior year's figure of £861m.

It said its engineering services order book specifically amounted to £795m, compared to £758m at the same point in 2022.

"The long-term structural growth drivers in the UK's regulated infrastructure markets, combined with the expertise across our businesses provides significant opportunities across the group and the board looks to the future with confidence," chairman David Brown said.

At 1209 GMT, shares in Renew Holdings were up 0.91% at 857.7p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

Easyjet suspends flights to Israel until October
(Sharecast News) - Budget carrier easyJet on Tuesday said it had suspended flights to Tel Aviv until October 27 after Iran's missile and drone attack against Israel on Saturday night.
Berenberg stays at 'buy' on Yellow Cake on tight supplies and supply risk
(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation for shares of Yellow Cake, the uranium oxide concentrate holding company, following a fireside chat with its boss, Andre Liebenberg.
Bank of America upbeat despite profits slide
(Sharecast News) - Bank of America said it had seen a "strong" first quarter on Tuesday, despite posting a sharp fall in profits.
Berenberg lowers target price on Kainos
(Sharecast News) - Analysts at Berenberg lowered their target price on software company Kainos from 1,315.0p to 1,260.0p on Tuesday following the group's full-year trading update on 15 April.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.