Homeserve trades in line with expectations

HomeServe, the international home repairs and improvements business, said trading has been in line with expectations as shareholders prepared to approve a £4bn takeover by Canada’s Brookfield Asset Management.

The company on Friday said its membership businesses in North America and EMEA continued to make good progress, with policy retention rates remaining strong and customer service levels remaining high.

In its Home Experts unit, despite a moderation in consumer demand in the UK, the number of trades on Checkatrade passed 47,000 as trades retention continued to improve.

Homeserve said it still expected the takeover deal to close in the fourth quarter.

“Brookfield and HomeServe are making good progress on submitting all the regulatory and competition notifications and pre-notifications required to complete the transaction,” it said.