Problem jobs set to hit ISG profit in 2014/15 results

摘要

ISG's 2014/15 financial performance will be hit by a loss of up to £2m incurred on problem contracts taken on by its UK construction arm during 2012 and 2013. In a trading update to the City on Tuesday, the group also revealed it had set aside £10.5m to pay for the closure of its London prime residential business and Tonbridge office, both of which formed part of the firm's UK construction business. In the update, ISG said: "We believe the poor performance and painful restructuring of the UK construction division is behind us."