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Big Middle East contracts help keep Atkins steady

Atkins has released its first quarter trading update, reporting that results from 1 April to date are in line with expectations and that its full year outlook remains positive.

Within the UK and Europe the consultancy says its newly combined transportation business is trading well.

Atkins welcomed the recommendation of the Airports Commission report on runway capacity in the South East and said it was looking forward to working on future developments in the UK’s airport infrastructure.

Worldwide, the Middle East has provided a strong start to the first quarter of Atkins’ financial year. Significant projects include the Riyadh Metro in Saudi Arabia and the Doha Metro Gold Line in Qatar. It says work is steady in the region, although it has seen some client caution on infrastructure commitments.

Net funds at the end of June were just below £150M.

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