Wednesday 4 July 2012

Carillion sees contracts delayed by euro fears | Reuters

Uncertainty caused by the euro-zone crisis has put the brakes on some infrastructure projects in the Middle East and Britain, support services and construction firm Carillion Plc (CLLN.L) said on Wednesday.

Carillion, which maintains some of Britain's railways and military bases and has a strong construction presence in Canada and the Middle East, said market conditions in the first six months of 2012 had been challenging, although its pipeline of potential work had grown to 35 billion pounds ($54.9 billion).

"The uncertainty this year is probably a result of the euro crisis, certainly in the UK and a little bit in the Middle East," Carillion Chief Executive Richard Howson told Reuters.

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