Bam Nuttall's increased scrutiny and selectivity of tendering and contract management led to strengthened performance across the business, said chief executive Stephen Fox. Turnover rose to £774M, although it did make a trading loss of £20M as a result of an "extremely challenging contract". Fox said the contract was now under control was expected to be substantially completed in BAM Nuttall's current financial year. During the year, BAM Nuttall was selected to work on the West contract for the Tideway Tunnel with BMB joint venture partners Morgan Sindall and Balfour Beatty. Fox added that investment in infrastructure continues to have a healthy outlook with government commitment to supporting longer term infrastructure improvements of all kinds.
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