ScS sees order uptick

ScS has seen an increase in orders in recent weeks.

Orders were 1.3% higher in the six weeks to 19 November.

Orders in the 10 weeks to 6 October had been down 14.4%, resulting in a drop of 9.1% for the 16 week period. 

It says it is trading ‘resiliently through a challenging period’ and has gained market share.

It has initiated a new share buy-back programme, after buying 6.5% of its shares for £3.9m. Shareholders had given their blessing to spend £7m, with the unused balance forming the funds for the new scheme. Under the new terms it can buy back more than three times the number of shares on a daily basis.

SCS22

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