LONDON (Alliance News) - Engineering services company Renew Holdings PLC said trading in the first half of its financial year has been as expected and said its chief executive will retire at the end of September.
Renew said trading for the six months to the end of March is ahead year-on-year and in line with its expectations. Renew said it anticipates its forward order book will be stronger at the end of the first half, while net debt will be lower.
The group also said Chief Executive Brian May will retire at the end of its financial year on September 30. He will be replaced by Paul Scott, currently Renew's director of engineering services.
Renew shares were down 3.2% to 395.51 pence Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Renew Holdings (RNWH)