Johnson Service Group has appointed Peter Egan, currently managing director of its Apparelmaster workwear business, to the board as chief operating officer ahead of assuming the role of chief executive.
His transition to COO will take effect from 1 Apr, allowing time for him to handover his current responsibilities.
International veterinary drugs firm Dechra Pharmaceuticals (LSE:DPH) has undoubtedly been one of the stock market's great success stories over the past decade or so. Rapid growth and worldwide expansion have transformed the Northwich-based firm into a global business now valued at more than £1.8bn.
Johnson Service Group saw double-digit increases in revenues and profits following another strong performance in the six months to the end of June and separately announced that chief executive Chris Sander would step down in 2018 after 33 years with the group.
The group said the strong financial performance reflected both strong organic growth of 4.8% together with the benefits of recent acquisitions.
Continuing revenue increased by 19.3% to £138.0 million (June 2016: £115.7 million).
While other construction companies have suffered profit warnings and sinking share prices due to worries about the health of the domestic economy, Morgan Sindall (LSE:MGNS) has been off to the races over the past year with its share price rocketing more than 120% during that time.
The company's secret has been its diversified business model that offers not just the usual construction and infrastructure services, but also higher margin services such as fitting-out offices, maintaining properties and partnering with councils to build and redevelop housing stock.
Johnson Service Group's (LSE:JSG) share price bubbled close to fresh record peaks in Tuesday business after the firm upgraded its profits expectations for the first half of 2017. The stock was last 3% higher on the day and within a whisker of May's record summit of 133.25p per share.
JSG declared that it "has continued to trade very well in the first half with the results for the full financial year now expected to be slightly ahead of management expectations."
Johnson Service Group expects full year results to be slightly ahead of management forecasts after it continued to trade very well in the first half.
JSG said it was very well placed for the seasonally busy summer months following the successful completion of two major investment programmes at the Southall and Chester factories.
It said the board remained focused on driving the operational and synergy cost benefits of last year's acquisitions as well as considering further opportunities to develop the business. Results for the half year are expected to be published in early September.
For many, the lure of speculative, fast-moving tech or oil and gas stocks can be overwhelming. Based on share price performance however, investors could do just as well buying slices of companies that provide routine -- some would say mundane -- services with fairly predictable earnings. Here are just two examples from the small-cap world.