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Vp PLC - Harrogate-based equipment rental firm - Says trading into the new financial year has been ‘positive’ with good demand, in particular, from the infrastructure and housebuilding market. Warns that headwinds of cost inflation and supply chain distribution remain.
Adds that it is ‘business as usual’, despite announcing that it had commenced a formal sale process back in April of this year.
In April, Vp said it had launched a formal sale process after its controlling shareholder informed the board that it wants to sell its entire holding. Ackers P Investment Co Ltd, a company connected to Vp Chair Jeremy Pilkington, has a 50.3% stake.
Current stock price: 890.00 pence, up 1.7% in London on Thursday
12-month change: down 9.2%
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