Mowlem shuns rail renewal

2000-03-17T00:00:00

Reporting a 10% rise in pre-tax profit to £43.5m for 1999, chief executive John Gains said: "Track maintenance contracts have proved very difficult to get in on, and the likely margin return is not attractive." Gains said Mowlem, which lost Brian May, its managing director of building, to Laing ...

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