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Lead Story: Issue 592 16 Mar 2012

PB targets specialist markets to combat UK revenue fall

Balfour Beatty has signalled that the UK arm of its Parsons Brinckerhoff consultancy will target specialist markets where competition is limited in an attempt to stabilise falling revenue and improve rock bottom margins.

At the presentation of its full year results, Balfour said consultancy revenue in the UK fell 17% to £205m in 2011, and the UK consultancy forward order book fell 8%. In transport consultancy, the UK profit margin is understood to be close to zero. BB pointed to a...

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