HomeServe to expand in US

HOME emergency and repair expert, HomeServe, yesterday saw its shares rise by 2.7 per cent after it announced plans to expand its manufacturer warranty service into the US.

Following success in the UK market, the Walsall-based company has confirmed its interest in the US and reached an agreement with AO Smith Water, one of North America’s largest water heater manufacturers.

HomeServe will be seeking to build on its £117.1m profit announced in March, a 16 per cent increase on 2010.