Billington secures £21m worth of new contracts

Steel and construction safety solutions group Billington said on Monday that it had been awarded three contracts with a combined value of £21.0m.

Billington said the three contracts were across the power, manufacturing and commercial office sectors and were currently scheduled to be delivered in the fourth quarter of 2020 and throughout 2021.

The AIM-listed group added that one of the three contracts had been secured with a global multi-national corporation for a value of £12.0m.

Chief executive Mark Smith said: "The award of these three contracts is great news for Billington and is a testament to our team in a continued difficult trading environment."

As of 1100 BST, Billington shares were up 5.86% at 325.0p.