Shares in May Gurney Integrated Services Plc rise as much as 10.7 percent after the infrastructure and maintenance company's first-half update reassures investors following the profit warning last month.
May Gurney says first-half trading has been in line with its expectations, the order book remain solid at 1.5 billion pounds ($2.40 billion), and issues highlighted in September are being addressed.
"Following the shock profit warning and the sudden departure of the former CEO last month, the group has tried to reassure the market today with a mildly positive statement (the order book is solid and cash conversion remains robust)," says Investec Securities analyst John Lawson in a client note.
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