WHAT THE INDUSTRY SAYS ...

摘要

Mears paid a nominal sum for eight Connaught contracts and will take on 1,000 Connaught workers. But most of the contractor's work was bought by Lovell, Morgan Sindall's social housing division, for ￡28m. Morgan Sindall paid for the work from its impressive ￡138m warchest and will take on 2,500 former Connaught employees.rnCommenting on the purchase. Bob Holt, chief executive of social housing firm Mears, said: "As long as the contracts they've bought can make money then they're a bargain, yes, but we'll have to wait and see."