Investors rushed to buy shares in Programmed Maintenance Services after the labour hire and maintenance group reported solid progress in its integration of Skilled Group and a rosy earnings outlook.

Programmed Maintenance Services' managing director Chris Sutherland will receive a $1.43 million retention payment if the company's $778 million takeover by Japan's Persol group goes ahead.

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10 Min Wrap: Programmed Maintenance Services believes its $652 million takeover of Skilled Group will enable it to compete with larger global workforce and maintenance providers Labour hire business ...