Subscribe | Log In

Web Feed

Mouchel acknowledges that times are tough

Consultancy confirms plans to “exit” the UK rail sector, and admits year-end performance will be down on forecasts, raising the question of whether Mouchel is now a takeover target

18-Jun-09  Mouchel has warned investors that “the Group's performance for the current year will be below our previous expectations”, admitting that since it released half-year results in March economic recession has had an impact (Environment Analyst 02-April-09). Difficulties in two sectors have proven particularly challenging for Mouchel in recent months: low-margin work for the UK rail sector and the market downturn in Dubai. As a result,...