State Spending Boost at Wolseley and Kier

Summary


A MOUNTAIN of Government money for new large social projects has resulted in soaring profits at Britain's big construction firms and building suppliers.

Wolseley, the world's largest plumbing and heating pipe supplier, predicted further profits growth in its second half after a 10.4% surge in sales to Pounds 5.33 billion and a 25.5% spurt in pre-tax profits to Pounds 308 million at its halfway mark at 31 January.

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Extract


State Spending Boost at Wolseley and Kier

Wolseley chief executive Charlie Banks said: "We are seeing good benefit from the Government spend on...

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