TEMPORARY power supplier APR Energy, a rival to Scottish company Aggreko, has seen its shares rise even after admitting it was in talks with its banks as it may not be able to meet some future covenants.
APR said that it was seeking an amendment to its credit facility and said discussions with its banking syndicate had been positive.
It said the end of a project in Libya, which had accounted for around one quarter of sales, was the reason behind the potential problem.
APR insisted it was still operating within covenants at the moment. Shares fell by as much as 13 per cent in early trading before recovering to end the day up 1p, or 0.33 per cent, at 301p.
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