Shareholders in textile services provider Johnson Service Group were told of strong trading at its annual general meeting on Thursday.
AIM-listed textile rental provider Johnson Service said on Friday that it results for the full financial year are expected to be slightly ahead of management expectations, as it announced the acquisition of laundry services provider StarCounty Textile.
Johnson Service Group has appointed Peter Egan - currently the managing director of its Apparelmaster workwear rental business - as its new chief executive officer.
Johnson Service said on Monday that it expects its full-year results to be slightly ahead of current market views as it announced the resignation of chief executive officer Chris Sander after 33 years at the company.
UK textile rental provider Johnson Service Group updated the market on its trading for the six months to 30 June on Tuesday, reporting continued positive trading in the first half with the results for the full financial year now expected to be slightly ahead of management expectations.
Johnson Service Group updated shareholders on its first quarter trading on Thursday, as investors attended the company's annual general meeting.
Johnson Service said on Thursday that full-year results from the continuing textile rental business are expected to be slightly ahead of current market views and announced the sale of its retail dry cleaning business - which includes Johnson Cleaners, Jeeves of Belgravia and its subsidiary Jeeves International - to Timpson Group for £8.25m on a debt free, cash free basis.
RBC Capital Markets initiated coverage of several stocks and changed its recommendations as it took a look at the business services sector.
Johnson Service Group said on Tuesday that its full-year 2016 results are set to be slightly ahead of expectations.
Expansion was the theme of 2015 at Johnson Service Group, and it paid off in its final results on Tuesday, with its two new acquisitions performing well.
Johnson Service has acquired hotel laundry services specialist Zip Textiles for £15m cash, on a debt-free, cash-free basis.
John Service Group expects its results for the year to the end of December to meet market forecasts, reflecting the positive performance reported in its interim results, and significantly ahead of the previous year following successful acquisitions.
Investec held its 'buy' rating on Johnson Service Group and its target price of 100p, and said the stock was good value.
Johnson Service Group said that its results for the first half of 2015 would be robust and full year results were likely to top expectations.
Johnson Service Group has delivered positive first-half results after the acquisition of textile rental business Bourne Services Group.
Anite: Investec places its target price (prev.: 88p) under review, while its hold recommendation remains unchanged.
Textile and dry cleaning services company Johnson Service said it expects to deliver a strong result for the first-half of the year, in particular its Textile Rental business, .
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation.
Textile and drycleaning services company Johnson Service Group (JSG) has completed the acquisition of Bourne Services Group, a hotel linen provider, for 22m pounds.
Linen hire and workwear rental group Johnson Service has revealed that its Executive Chairman of five years, John Talbot, is to step down.