Home emergency and repair specialist HomeServe reported a good start to the year, with retention rates and policy growth high wherever it operates.
Continuing to focus on sales growth in the UK and the largely-untapped US market, the group is promoting its new home emergency hotline 0800 24 7 999 and has signed an agreement with West Bromwich Albion to sponsor the Premier League football side. Meanwhile, the group's French warranty business, SFG, penned a deal with Indesit to manage the domestic appliance manufacturer's extended insurance policies.
On Monday, HomeServe's shares were subdivided, with shareholders receiving five new shares for each one held. As a result, the share price went from 2,178p to 436p.
When: 9/04/10
Price: 364p
Performance to date: +24%
