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Driver shares rev up after strong start to 2018
Driver Group's shares jumped 14.5% on Friday morning after the company reported stronger growth in the first four monyths of its financial year than it had been expecting.
The professional services consultancy firm reported high activity and a "healthy pipeline" of potential assignments for conversion in the months ahead, indicating that the company is "likely to be comfortably ahead" of the board's previous expectations.
This short update comes after December's report for the year ended 30 September, where the company recorded a per-tax profit of £1.26m after a loss of £3.4m in the 2016 financial year, with revenues increasing 15% to £60.2m.
At the time, chief executive Gordon Wilkinson said: "I am pleased to report a significant transformation in the performance of the business in the 12 months to September 2017. The business is now well positioned for future growth."
Driver, which has offices in 17 different countries, offers customers services ranging from commercial management, planning, programming, project management to dispute resolution.
As of 1152 GMT, Driver Group's shares were up 14.50% at 75.00p.