Published on: September 3, 2020

Dividend reinstated after ‘encouraging’ restart

The UK’s largest structural steel construction specialist has reinstated the final dividend for FY 2020 following “encouraging” activity levels since the lockdown was lifted. This morning’s AGM statement confirms that the group remains cash-positive and that the order book has remained steady over the summer. We continue to believe the Group is likely to benefit from growth in logistics and datacentres, reinforced since Covid-19, as well as the significant opportunities from HS2, which we explore further in this note.

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