- Fuel supplier Vivo Energy said first-quarter net income rose 3% as it expanded its retail network and boosted sales volumes.

Net income increased to $43m, as volumes increased by 5% to 2.29bn litres.

'During the first quarter of 2018, the company progressed steadily towards meeting the group's objectives for the year,' Vivo said.

'Looking ahead, we continue to expect annual volume growth to be within our target mid-single digit percentage range, with an overall broadly stable total gross cash unit margin.'

At 9:40am: [LON:VVO] Vivo Energy Plc Ord Usd1.50 Wi share price was -1.81p at 171.19p

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