Shares in construction and outsourcing group Carillon jumped by around 6% this morning after the company announced the appointment of a new chief executive.
Andrew Davies, the current chief executive of construction firm Wates Group, is to take over the reins from interim Carillon boss Keith Cochrane.
Today´s rally in the shares closely follows a strong upswing last week after Carillon announced progress on financing, disposals and contract wins.
However, Carillon shareholders have had a difficult time this year as the under-pressure business has announced a series of profits warnings.
Davies, who has spent most of his career with BAE Systems, begins his new role in April.
“Andrew has the ideal combination of commerciality, operational expertise and relevant sector experience to build on the conclusions of the strategic review and to lead the on-going transformation of the business,” said Carillion chairman Philip Green.