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Trading stabilises at rental outfit Vp

Trading at equipment rental specialists VP was in line with expectations during the six months ending September 30, the company said in a trading update.
Activity at its tools business Hire Station recovered well during the period and the integration of Pivotal Services, which it bought in July 2005, progressed as planned.

The prospect of extra work at its Groundforce business were encouraging as the water sector's five year AMP4 infrastructure programme kicked in. Groundforce suffered lower workloads as AMP3 drew to a close but the division's other markets remained strong.

Torrent Trackside experienced a reduction in workload following the restructuring of Network Rail's maintenance plant contract, but it made progress developing alternative customers and markets.

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