Company News Roundup: 3 March 2015

Last Updated:

27th February 2015

Interserve profit margin falls to 1.6% but revenues and order book grow

Interserve’s construction arm reported a dip in profit margin to 1.6 per cent, down from 1.8 per cent a year earlier.

UK construction revenues were up by 21 per cent, rising to £970.7m, from £802.2m for the same period in 2013.

Company page: Interserve

Kier's construction division sees 18% revenue growth

Kier’s construction division has posted revenue growth of 18 per cent for the six months to 31 December 2014, with operating margins for the period remaining above 2 per cent.

Revenue jumped to £874m compared with £742m for the same period in 2013.

Company page: Kier Construction

Carillion JV chosen for two contracts in Dubai worth £380m

Carillion’s Middle East joint venture, Carillion Al Futtaim, has won two contracts worth £380m in Dubai.

The joint venture has been selected as preferred bidder for a £225m mixed-use development on the Dubai Creek waterfront.

Company page: Carillion

Lend Lease boosts profit by 25% in H1 results

Lend Lease has reported a 25 per cent half-year profit rise on the back of a strong performance from its European business

The firm’s profit after tax grew to A$315.6m (£160.4m) in the six months to 31st December 2014, up from A$251.6m (£127.3m) for the same period in 2013.

Company page: Lend Lease