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WSP expects a 'challenging' 2012

Consultant WSP said it expects a challenging 2012 and confirmed it had spent £3.5M on restructuring its UK operations this year, according to a trading update released to the market today.

The firm said it is finding the UK market “difficult” but this is offset against a buoyant Swedish market and growing international work.

WSP has recently won significant high profile international projects including a $60 (£38M) plus masterplanning contract in Qatar, a large new hospital in Odense, Denmark, and it has increased its order book in north east US.

However, the continuing unrest in Libya has cost WSP £5.1M in reorganisation costs and the firm has not made a decision on how to proceed in the country.

In 2012, the firm expects the Swedish market to perform well, along with steady progress in the USA.

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