10. Renew Holdings
As we’ve seen in parts of North America, there comes a point when infrastructure spending moves from something that is desirable to something that is imperative. We may well have passed that point in the UK some time ago. And it’s this need to update the UK’s ailing road and rail networks that is supporting contract volumes at Renew Holdings (RNWH).
In a recent year-end trading update, the engineering services group confirmed that organic growth was being “underpinned by a robust order book which benefits from the UK's committed infrastructure spending programmes and clients’ long-term operating budgets”. The upshot is that revenue, operating profits and net cash are all expected to come in ahead of market consensus when the company reports figures for the year to 30 September next month.