STOCK WATCH

SURESERVE started the week on the front foot after it signed a 10-year contract extension with social housing group The Guinness Partnership.

Sureserve, formerly known as Lakehouse, will provide gas maintenance services in London and the South East for the group, which owns and manages more than 65,000 homes throughout England.

The deal is for a minimum of five and a maximum of 10 years, the firm said.

If it runs for the full term, Sureserve estimates it will generate £140m in revenue.

Shares in the AIM-listed company rose 6.6pc, or 6p, to 97p yesterday.