Results: DRV

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EPIC DRV
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Driver Group – CFO appointment, but is there to be a significant second half improvement?

Professional services consultancy to the construction and engineering industries Driver Group (DRV) “is pleased to announce the appointment of Charlotte Parsons to the board as Chief Financial Officer, with effect from 20 July… as the company executes on the delivery of its strategic plans for growth and of sustainable long-term value creation for our investors”. So what’s the outlook from a current 27p share price?...

EPIC DRV
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Driver Group – trading warning, is there to be a significant second half improvement?

Professional services consultancy to the construction and engineering industries Driver Group (DRV) has announced “a difficult second quarter” but that implementation of the key findings of an operational review “is expected to support a significant improvement in profitability in the second half”. So what of a share price response currently down 27% at 28.5p?...

EPIC DRV
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Driver Group – trading update, restructuring for “renewed focus” or not?...

Previously writing on “global professional services consultancy to the construction and engineering industries, providing multi-disciplinary consultancy services including expert witness, claims and dispute resolution services” Driver Group (DRV), in June with the shares at 52.5p I was cautious including as the company noted “expectation that COVID-19 will in the near future impact customer behaviours and therefore activity levels, perhaps materially so”. Today a trading update and the shares currently more than 11% higher in response… though that to 49.5p...

EPIC DRV
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Driver Group – CEO leaves “by mutual agreement”… why so abruptly then?

“Driver Group plc (DRV), the global professional services consultancy to the construction and engineering industries, today announces that its Group Chief Executive Officer, Gordon Wilkinson, has left the Company with effect from 31 May 2020 by mutual agreement and with the good wishes of the Board and senior executive team.” Hmmm...

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