Van Elle lifted by revenue guidance upgrade

The share price of AIM-listed ground engineering specialist Van Elle Holdings (LON:VANL) has seen its share price climbed by 9.11% to 43.10p (as of 15:20 GMT) as the company upped its guidance after a stronger second quarter. Management said that while market conditions hadn’t notably improved, revenues for the half year would be more than 10% above the prior year.

Pre-tax profits are still forecast to be lower than in the comparable period due to work mix and the adverse impact of the quiet first quarter.