Better trading conditions were reflected in a 14 per cent rise in underlying profits for Interior Services Group (ISG), while investor confidence in the fit-out and construction specialist enabled the board to raise a net £7.4m through a share placing to finance further overseas expansion.
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Since the year-end, ISG has bought a 20 per cent initial stake in ACE, a Brazil-based fit-out and refurbishment business, while its European operation has been strengthened by the purchase of Tecton Engineering based in Germany.