- Vp plc, the equipment rental specialist, has provided an update on the performance of the business since the announcement of its Final Results on 7 June 2011.

A company statement said: "We reported in June that the Group had enjoyed a generally upbeat finish to the previous financial year and we are pleased to report that this trend has continued into the new financial year with the business delivering growth and capitalising on organic investment opportunities.

"The housebuilding and rail sectors continue to enjoy a good level of demand and our oilfield services business has experienced useful year on year growth as demand has slowly recovered from recent lows. The general construction market is somewhat subdued but stable. Infrastructure markets remain solid and we anticipate a gradual pickup in AMP5 water sector activity in the second half.

"As ever, the Group's focus on specialist activities, operating in a diverse range of end markets is proving to be a sound platform for maintaining progress within Vp despite the challenges that the current economic environment presents.

"The promising start to the year and a strong balance sheet, that enables us to pursue opportunities as they arise, gives us confidence that we will deliver further satisfactory results in the current financial year."

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