It would be easy to gain the impression that highways maintenance/outsourcing group Mouchel is the support services sector’s equivalent of the Royal Bank of Scotland. The bad news just keeps on coming.
Over the past year and a half, chief executive Richard Cuthbert has announced that Mouchel has been unable to compete effectively in the rail sector, made write down after write down on Middle East earnings and there have been at least two significant restructurings. The group has...
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