WSP warns over UK public sector slowdown
Building and environmental consultancy WSP Group forecast lower 2011 results as a slowdown in the UK public sector would hurt its performance in the second half.
The company also said it will undertake further restructuring in the UK, and expects to incur related costs of about £4m.
WSP, which operates in Europe, the United States, Africa, Australia and Asia, said it would make an exceptional provision of about £5m in its results for the six months ending 30 June against its asset exposure and reorganisation costs incurred in Libya.
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Hide AdIn May, the company said it had exited almost all its staff from Libya and temporarily stopped work on contracts in the country.
The company said it sees a gradual improvement in the UK private sector and trading for the first six months of the year is broadly in line with expectations.