One 2017 Recovery Tip of the Year, RPS (RPS) impressed the market with its latest trading statement, released earlier this week. The group announced that trading in the first quarter of 2017 was "materially better" than the same period last year, growing fees and profit in each of its three segments. The shares rose more than 4 per cent following the news.
Improvements are expected to continue, with the group expecting to publish improved results at the half-year. This, in turn, the group said "will provide a solid platform to deliver good results in the full year, even though we benefited in the second half of 2016 from the recovery of significant bad debts previously written off". The group is now looking at acquisition opportunities to boost growth.
