Interim results show performance for the core activities supporting our FY estimates, which we are not changing for the continuing business. Importantly, the group has announced it is to exit the non-core Construction and Property Services divisions, in line with its previously announced strategy. The combined divisions now make a modest profit, but remain risky in our view. The disposal will allow it to focus on Compliance and Energy Services, where we believe there are encouraging long-term
26 Jun 2018
Exit from non-core units sharpens focus
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Exit from non-core units sharpens focus
- Published:
26 Jun 2018 -
Author:
Alastair Stewart -
Pages:
7
Interim results show performance for the core activities supporting our FY estimates, which we are not changing for the continuing business. Importantly, the group has announced it is to exit the non-core Construction and Property Services divisions, in line with its previously announced strategy. The combined divisions now make a modest profit, but remain risky in our view. The disposal will allow it to focus on Compliance and Energy Services, where we believe there are encouraging long-term