Keeping London Underground uniforms spick-and-span was a major contract win for industrial cleaner Berendsen (BRSN) last year, and when combined with the benefits from a 2011 restructuring this helped profit margins to a 10-year high at 14.8 per cent. This beat market expectations, leading to broker upgrades as Berendsen report adjusted profit before tax up 7 per cent to £120m. The shares hit record highs, too, and the board rewarded investors with a 9 per cent dividend increase.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis