The integration of Morrison into Mears is substantially complete, its losses have been stemmed and Morrison will break even for the half-year before the exceptional cost of integration.
鈥淭he speed of this turnaround is ahead of our original expectation,鈥� says chairman Bob Holt.
He also reports that Mears has won 拢125m of new business since 1 January 2013 and the order book stands at 拢3.8bn. The bid pipeline remains at 拢3.0bn.
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