14 November – interim management statement

The group has issued a trading update covering the nine months to 30 September showing continued progress towards achieving the goals set out in its five year plan.  The period has seen a 4% increase in revenues to £1.51bn (2010: £1.46bn) whilst debt has also fallen sharply to just £43m from £188m at the start of the year.  Although the company remains cautious on the outlook for 2012, it certainly seems to be on track to make further progress.  The shares remain a BUY.