Cape is confident on 2012

Industrial services provider Cape is upbeat about its prospects for 2012 as it saw significant growth in activity in both its onshore and offshore businesses. The FTSE 250 company, which provides insulation, painting, coatings and industrial cleaning services principally to plant operators in the oil and gas, power generation, chemical, minerals and mining sectors, said it also expected its 2011 results to be in line with its estimates.

The company's UK business, which contributed about 40 per cent to its total sales for the first half, experienced higher levels of activity.