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Skanska swoops to buy Atkins' highways business in 拢18m deal

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Skanska UK has paid 拢18 million to buy Atkins' highways operation and maintenance business, a move that gives the contractor an 8 per cent share of a 拢2.4 billion market.The Atkins division reported 拢80m revenue and 拢1.3m operating profit in the six months to 30 September 2012 and the acquisition will increase the size of Skanska鈥檚 UK workforce by 25 per cent. The business comprises eight live contracts with six local authorities and the Highways Agency to deliver operations and maintenance for the road and motorway network.

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Interserve's profits climb 173% in 2012

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Interserve's profits rocketed to 拢182.9m in 2012 while revenues saw a steady 6 per cent increase to nearly 拢2bn.The firm expects the UK construction market to remain challenging in 2013 before resuming growth in 2014 due to increased government infrastructure spending and some recovery in private sector investment. Interserve has forecast a growth in support services and equipment services during 2013. Chief Executive Adrian Ringrose said: 鈥淲e won over 拢2.7 billion of work during the year, expanding our future workload to 拢6.3 billion.

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Taylor Wimpey profits rocket 106%

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Taylor Wimpey's pre-tax profits more than doubled in 2012 - but the firm is not yet ready to return cash to shareholders.Posting results for the year ended 31 December 2012, the house builder said its UK operating margin was up from 9 per cent to 11.5 per cent 鈥減rimarily driven by an improved mix and quality of locations, resulting in higher sales prices and an increase in home completions鈥�. Pre tax profit was up 106 per cent from 拢89.9m to 拢185.3m, as revenue topped 拢2 billion (2011: 拢1.8bn).

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Carillion chief predicts 4% profit margin and defends payment terms

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Carillion chief executive Richard Howson has said he anticipates construction operating margins of up to 4 per cent in the short-term, while defending the firm's approach to how it pays its supply chain.Mr Howson said the firm is pleased with its 2012 results, after posting a 13 per cent drop in revenue from 拢5.1 billion to 拢4.4bn as the company shrank its UK construction business and saw revenue fall in the Middle East, where it is targeting a 拢1bn turnover. Underlying pre-tax profit for the group was down 4 per cent to 拢232.4 million.In construction, covering UK and Canada, Carillion reported an industry-busting 5.6 per cent operating margin, up from 3.1 per cent a year earlier, which it put down to the resizing and selective bidding, lower bid costs and 鈥渁 rigorous focus on cost management鈥�.

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