DealDeals with Severn Trent Water and Northumbrian among £200m of new contracts.

Alfred McAlpine has won contracts worth a total of £200 million, including five-year deals with Severn Trent Water and Northumbrian Water with a combined value of £130 million. Work on both these contracts, which include pipe maintenance and renewal, is due to start in April 2005.

Chief Executive Ian Grice said: “The Group works hard at developing long-term customer relationships and it is encouraging to see us winning work from our existing clients.” Alfred McAlpine has also secured work from new clients, including NIE Powerteam and GE Energy.

Alfred McAlpine’s share price rose 1.5% to 265p after the announcement.