Chief execs expect margin pressure

摘要

The chief executives of Carillion and Interserve have conceded that the days of 3 per cent UK construction margins are over for the foreseeable future. The support service and construction giants posted their annual results to the year ended 31 December 2011 last Wednesday. Carillion's construction operating profit - including Canada and the UK, but excluding the Middle East - rose from £41.2 million to £57.9m in the year to 31 December 2011 with operating margin hitting 3.1 per cent.