By Andrew Schonberg
Date: Monday 03 Apr 2017
LONDON (ShareCast) - (ShareCast News) - Engineering services group Renew Holdings said its trading in the six months ended 31 March was ahead on the year, and in line with the board's expectations.
As a result of the acquisition of Giffen Holdings in October 2016, the board expected to record a modest net debt position in its interim numbers, it reiterated.
The company, which supported UK infrastructure, said directors expected to report a net cash position at 30 September.
It added that it had appointed Go-Ahead Group chief executive David Brown as a non-executive director with immediate effect.
At 13:05 GMT, shares in AIM-traded Renew were down 0.06% to 434.75p each.
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