• Sign Up or Sign In

COMMENT: It's been an interesting few weeks

Enterprise has hit the acquisition trail again eight months after acquiring Byzak, this time buying Severn Trent Metering Services; Severn Trent and Costain have created a new joint venture; and Veolia Environnement has sold its majority stake in Veolia Water Central, East and Southeast.

With this pattern of investment and financial performance it would appear that a feel-good factor is emergingWith this pattern of investment and financial performance it would appear that a feel-good factor is emerging

And let’s not forget Dwr Cymru Welsh Water’s news that it is to spend £1B between now and the remainder of AMP5, and is also splashing out an extra £100M on projects that are extra to its capital investment programme.

Then there’s May Gurney, which has posted increased turnover and profit for its latest financial year. It has also grown organically, winning more than £400M of work, and says its order book stands at £1.5B, and there is a potential £1B-plus in contract extensions.

With this pattern of investment and financial performance it would appear that a feel-good factor is perhaps emerging in the industry.

Let’s hope so, in these difficult economic times. 

Topic: AMP Cycle , Contractors
Tags: amp , Contractor

Newsletter

Sign up today for your daily news alert and weekly roundup

© Faversham House Group Ltd 2019. WWT and WET News news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.

Cookie Policy   |   Privacy Policy