“Our share price makes any acquisition very difficult – the falls have taken the firepower out of our ability to do that,” Cole said.
He also denied speculation that WSP was looking to buy a quantity surveying practice as rivals Atkins and Mott MacDonald have done this year.
WSP’s pre-tax profit for the six months to 30 June rose marginally from £6.4m to £6.5m. Turnover increased 44% to £138.2m over the same period.
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