IN BRIEF: Carclo shares rise as signs five-year contract renewal

Carclo PLC - Mitcham, London-based provider of precision components - Secures a contract renewal that ‘strengthens revenue visibility’. A pact with an unnamed ‘major customer’ is renewed for a further five-year period. ‘The renewed contract provides enhanced certainty over the medium term and reflects the trust our customers place in Carclo’s ability to deliver consistent, high-quality solutions,’ the firm says. Chief Executive Frank Doorenbosch adds: ‘We are delighted to have secured this important contract renewal with one of our major customers. This long-term engagement reflects the strength of our customer relationships and the confidence they have in our business. It provides further revenue visibility and demonstrates the underlying resilience of our partnerships.’

Current stock price: 48.32 pence each on Tuesday afternoon in London, up 5.0%

12-month change: doubled from 20.50p

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