EV charging drives growth
A provider of utility services, with a growing focus in electric vehicle charging, appears to have a considerable opportunity as the UK embraces electric vehicles. Elsewhere there was a positive update from one of our Bonkers Bargain opportunities but disappointment from a data analytics company delivering insights in neuroscience. Read on here (Free to read)
Nexus Infrastructure: benefiting from the EV charging boom Nexus Infrastructure (LON:NEXS), the provider of utilities connections with a growing presence in electrical vehicle charging and smart energy infrastructure, reassured in its trading update for the financial year ending 30 September 2021. Nexus expects to deliver group revenues of £138.0m for the year, up approx. 10% on the prior year, with the order book a highly supportive £286.4m (2020: £282.0m). Operating profit is in line its expectations, being for earnings of 6.23p per share. TriConnex, their higher-margin multi-utility business, saw revenue exceed £50m for the first time, up 29% year on…