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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Vp (VP) investor relations material
Vp Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary12 Oct, 2026
Trading performance
Resilient H1 to 30 September 2026; remains on track to meet market expectations for FY27, with H2 expected to outperform H2 FY26.
Analyst consensus for FY27: revenue £351.3m; PBT before amortisation, impairment and exceptional items £32.5m; pre-IFRS 16 net debt £154.4m.
Markets and operations
Electricity transmission performed well, rail remained stable, and water gained momentum as AMP8 activity grew in Q2; International continued to perform well.
Brandon Hire Station improved following last year's restructure despite ongoing General Construction market challenges; restructure-related exceptional costs were recognised in FY27.
Strategy and outlook
UK momentum supports increased H2 confidence, with positioning to benefit from supportive water and electricity transmission infrastructure markets.
Priorities include operational excellence, customer service and specialist-business growth; digital transformation is improving operational efficiency, supported by an enhanced Executive Committee.
Interim results for the six months ended 30 September 2026 are scheduled for 25 November 2026.
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Latest events from Vp
- International profit up 30% and Brandon restructure completed amid UK market challenges.VP
H2 2026 - FY26 profit guidance reaffirmed at £26-29m, with strong infrastructure-led strategy and solid balance sheet.VPH2 2026 TU
- Profit guidance lowered to £26-29m amid slow sector activity; Brandon transformation on track.VPTrading update
- Restructuring and international growth offset UK headwinds, supporting stable full-year outlook.VPH1 2026
- Solid first-half performance and positive outlook, with full-year expectations unchanged.VPTrading Update
- VP Rail launch and CPH acquisition drive growth amid robust results and sector challenges.VPInvestor Update
- Strong H1, resilient returns, Ireland acquisition, and growth in infrastructure and energy.VPH1 2025
- Resilient FY24 with £368.7m revenue, strong cash flow, and strategic transformation.VPH2 2024
- Resilient results, strong infrastructure momentum, and strategic growth in Ireland and Germany.VPH2 2025
Next Vp earnings date
H1 202727 Nov, 2026
Next Vp earnings date
H1 202727 Nov, 2026
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@theshortbearx.com
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