Avon Rubber, which makes tubing for the dairy industry and gas masks for the military, has seen off the challenge to one of its contract wins by a disgruntled losing bidder.
The company is now able to proceed with the delivery of orders under a five year $176m contract for the M61 filter won in December 2011.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This protest has now been withdrawn and the firm is able to proceed with the execution of delivery orders under that contract.
The share price rose 3.96% to 315.00p by 13:35.
NR
-
Is now a good time to invest in Japan?Japan is set to appoint its first ever female prime minister this week. Is now a good time to invest in Japanese stocks and investment trusts?
-
DIY pension investors take tax-free cash amid switch to ISAsSelf-invested personal pension (SIPP) investors are rushing to withdraw their tax-free cash and turning to ISAs amid fears of a pension tax raid in the Autumn Budget
