Pressures in US market drain Aggreko’s revenue

Glasgow-based Aggreko, the world’s largest temporary power provider, is reviewing its North American oil and gas generators’ value.

Further weakness in the transatlantic market dragged down its third-quarter underlying revenue by 7% year-onyear.

It said an upturn in business from shale companies in the US would only come with higher oil prices over three to six months.

Shares in Aggreko, whose kits power major events and cover electricity shortfalls, fell 37p, or 4.61%, to 765p yesterday.

It forecast a below-estimate full-year pretax profit before exceptional items of about £225m.

Aggreko’s shares were down.