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Business & education services

React jumps after penning contract with 'prestigious' fast-food chain

React Group PLC (LSE:REAT), the cleaning, hygiene and decontamination company, climbed 4% higher to 1.1p after revealing it has been awarded a multi-year contract with a “prestigious high-street fast-food chain.”

The contract covers deep cleaning across roughly 350 mainland UK locations.

React said the agreement is expected to run for two years and covers up to two deep cleans per year, with the value of the contract roughly £800,000.

"This contract award highlights the value of the Group's ability to deploy consistently high standards of specialist cleaning across multiple sites in the UK,” said React chief executive Shaun Doak in a statement.

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