Aggreko is continuing its good run, topping the FTSE 100 risers after a better than expected trading update.
The temporary power supply company - which is hosting an analysts' trip this week to look at its African operations - said its contract for the World Cup starting this week was larger than originally forecast. It will now total more than $50m, rather than the $30m expected. The company also benefited from the Vancouver Winter Olympics, and so it expected profits forecasts to rise above £260m for the year.
Yesterday the company's shares were supported by an upbeat note from Royal Bank of Scotland ahead of the African trip, and today they have added another 45p to £13.99. Altium Securities raised its price target from £13.50 to £16 and said:
Today's interim management statement highlights the progress the business has made since it last updated the market on 16 April, with underlying first half growth now expected to hit the 10% mark.
