G4S, Trafalgar New Homes and Interserve

“Blue-chips were marginally lower despite positive turns on Wall Street and in Asia overnight, as crude oil prices fell,” says AJ Bell Investment Director Russ Mould.

Security group G4S has seen further progress in its efforts to rebuild the business with first half revenues up 3.2% and earnings rising by 44%. The group won new contracts worth £1,4bn in the first six months and demand in the medium term is expected to grow. G4S continues to grapple with net debt but pleased investors by maintaining the dividend. G4S topped the FTSE 250 Index in early trading, up by nearly 14%.

Trafalgar New Homes swung into the black and will keep its focus on building new homes in the South East where demand remains high due the chronic lack of supply. The company has a strong development pipeline and market fundamentals remain positive despite Brexit.

International support services and construction group Interserve was an early riser despite a first half loss. Trading across the vast majority of its divisions and regions has been good with the group taking a hit on its decision to exit the ‘energy from waste’ sector.

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