Applegreen shares rise on UK expansion go-ahead

Shares in Applegreen rose as the petrol forecourt retailer said it had not suffered any significant hit in the run up to late June vote by the UK to depart the EU and has no major plans to slow its expansion plans in the North and in Britain.

However, the company said it was still cautious and though too early to make a definitive call on the effect of the Brexit vote, the drop in the value of sterling against the euro “will obviously impact on our consolidated figures”.

“Trading since the end of June has been positive and has shown improvement particularly in the UK,” said Applegreen.