- Equipment rental group Vp said the UK and international markets in which it operated were stable, rather than experiencing growth.

The company, however, said it remained confident of delivering full-year results in line with its expectations. 'The group has continued to make progress against a more subdued market backdrop,' Vp said.

Infrastructure demand had held up well despite the anticipated completion of the five-year capital investment plans in both the water and rail markets.

Residential construction remained competitive, but volumes had been sustained.

'The general construction sector has demonstrated some lack of confidence, particularly in London and the South East, however throughout the rest of the UK demand has proven stable,' Vp said.

The company's international division experienced a softer start to the financial year, but more had seen an increase in activity in both the petrochemical and test and measurement businesses, it added.

At 9:24am: [LON:VP.] VP PLC share price was -15p at 795p

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