Aggreko shares soar after two major contract wins

Aggreko's share price shot up more than 8% yesterday, after the firm won contracts to supply power at next year's World Cup in Brazil and Commonwealth Games in Glasgow.

The temporary power supplier was the biggest riser in the FTSE 100 index on Monday, up 8.5% by 2.51pm, although it ended the session flat, with shares trading at £16.44. This success is a welcome boost to the firm after last year, when it faced an uncertain outlook for existing contracts and saw two profit warnings in two months. Although the latest set of results point to flat revenue at the end of the year and a drop in pre-tax profit year-on-year, the results still beat analysts' low expectations. This outlook, coupled with the contract wins, served to lift the group's share pri...