Hercules PLC (LSE:HERC) shares climbed 6.5% on Thursday after the labour supply specialist said it expects to report record annual results, driven by a surge in UK infrastructure spending.
Revenue for the year to September will exceed £118 million, up 16% on last year and ahead of forecasts of £112.1 million. Earnings and profit before tax are also set to meet expectations.
Brusk Korkmaz, chief executive, said government-backed investment of £750 billion across energy, transport and water projects had created a “buoyant” market, adding that Hercules is well placed to benefit.
The company has broadened its operations through acquisitions, including Advantage NRG, the UK’s largest supplier of overhead linesmen, and training provider Quality Transport Training.
Hercules is already supplying workers to Sizewell C, HS2 and major water projects, while its training academy has put more than 1,850 people through courses since 2024. Full-year results will be published in January.
The shares rose 2.3p to 37.8p.