Mason admits Amec mistake

By Lorraine Cushnie and Lorraine Cushnie Lorraine Cushnie2006-09-08T00:00:00

Amec’s share price plummeted to 291p on news that exceptional charges hit £79m

Sir Peter Mason, the outgoing Amec chief executive, admitted he should have acted quicker to tackle the problems in the group’s UK construction business, which led to losses of £58m in its interim results.

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