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Profits and cash flow in the UK construction sector deteriorate further
(14/07/2009)

According to a recent Cash Flow & Profit Survey of UK Companies from Euler Hermes UK, there have been further deteriorations in both profits and cash flow in the UK construction sector. The profitability of companies operating in the sector deteriorated for a seventh successive quarter during Q1 2009, reflective of weak domestic demand, rising raw material prices, continuing competitive pressures and heavy price discounting. However, the rate ... [more]

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