Profits from the sale of a 40% stake in the Docklands Light Railway Lewisham extension in London swelled otherwise static profits reported by contractor Mowlem last week. Pretax profits increased from £37M to £45.2M last year, largely as a result of profits of £15.6M from the sale of the stake. Group turnover increased slightly from £1.9bn to £2bn while operating profit was up from £33.4M to £33.8M.
Half a dozen construction sector companies made it into the 'Sunday Times' 100 Best to Work For companies published last weekend. Contractor MJ Gleeson (19) was the only company in the top 20. Arup (37) also won the award for 'giving most back' to employees. Other names were Mace (48), Lindum Group, Black & Veatch (59) and housebuilder Westbury (74).