Another upgrade | 49 years of dividend increases
News covered in our update here include our thoughts on another strong trading update from a provider of subscription-based vehicle tracking software, bringing yet another upgrade. We compare its progress and real returns with a similarly valued provider of cloud computing and connectivity for financial markets. Both companies have their merits, but one has evidently more appeal to us. Read on here for more on this and other news, including a company just reporting a 49th consecutive year of dividend increases.
Renew: in-line relief Renew (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, reassured with its trading update for the financial year to the end of September. The Group expects to report trading for the year in line with market consensus, with record revenues and operating profit. The Group's balance sheet remains strong, finishing the year with a modest net cash position, ahead of market expectations. Consensus forecasts are for 10% growth in revenue to £1,117.0m, adjusted operating profit marginally higher at £72.0m (2024: £70.9m) and net bank debt of £6.9m. Having issued…