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Don't have an account? Click here to register.Lavendon confident of meeting full year expectations
Tue, 17th Nov 2015 12:23
(ShareCast News) - Lavendon Group said it remained confident of meeting its profit expectations for the year as margins and return on capital employed continue to improve.The company, which supplies powered access rental equipment in Europe and the Middle East, said group rental revenue on a like-for-like basis was 1% higher in the nine months to the end of September from last year.Lavendon said consistently higher volumes in the Middle East continued to drive growth in revenue despite increasingly demanding comparatives, while its performance in the UK and Europe improved.Chief executive Don Kenny said: "The group's trading performance in the first nine months of the year has improved across our markets, driving growth in revenues, profitability and margins."The board remains confident of delivering on its profit expectations for 2015, and with the delivery of the accelerated fleet investment now almost complete, we are well positioned to respond to market opportunities as we move into 2016."At 1230 GMT, Lavendon shares were up 5.2% at 142p.
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13 Jan 2017 07:57
Lavendon expects revenue to be ahead of expectations after 'strong' 2016
(ShareCast News) - Equipment rental company Lavendon expects revenues to be ahead of expectations due to a "strong" trading performance in 2016 and the weak pound, but it remained cautious over the UK's economic outlook. The company saw "strong" rental revenue growth in 2016 due to investment in an
Read more3 Jan 2017 12:41
28 Dec 2016 11:37
Loxam and TVH sweeten bids for Lavendon
(ShareCast News) - Loxam SAS has upped its offer Lavendon Group to 260p per share from 250p after rival bidder TVH Group sweetened its offer for the equipment rental company to 251p per share. Lavendon said on Wednesay that its board intends to unanimously recommend that shareholders accept the incr
Read more14 Dec 2016 09:15
Lavendon directors recommends Loxam offer over TVH
(ShareCast News) - Lavendon has agreed to be taken over by equipment rental group Loxam at a price of 220p in cash, valuing the aerial work platforms specialist at rouhgly £374m. Lavendon's directors will recommend the offer, which is at a 58.3% premium to the closing price on 21 November when th
Read more28 Nov 2016 10:24
UPDATE 1-Bid battle looms as Loxam makes takeover approach for Lavendon
* Loxam approaches Lavendon over potential cash takeover offer * TVH Group last week made 205 pence a share proposal * Shareholders could expect 215-220 pence a share - analyst * Lavendon shares jump 7.7 pct to two-year high (Adds analyst comment, details, background, share mo
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