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Taylor Woodrow pulls out if high risk engineering

Taylor Woodrow is pulling out of high risk civil engineering such as tunnelling and concentrating on PFI projects and partnering work.

Housebuilding and property will be given increased prominence, while foundations and pre-cast concrete companies are sold. Group results showed pre-tax profits up 25% to £125M for last year with a turnover up 7% to £1.5bn. Construction turnover of £512M will fall this year to £450M.

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