Shares in construction and engineering firm Keller Group fell this week after the group warned that full-year profits would be below market expectations.
The firm said restructuring and delays on major contracts had incurred costs of 拢1.1m. Shares dropped to 152.5p, close to the lowest price this year of 147.5p.
In September, Keller reported drops in both profit and turnover in the six months to 30 June, but forecast a recovery in the second half of the year.
The firm said contracts that had been delayed in the third quarter of this year were now on course to start early in 2001. It added that a recent surge in orders meant future workload was at record levels 鈥� up 30% on last year 鈥� and this indicated a good performance for the company in 2001.
Keller's turnover fell 2.6% to 拢147.1m for the six months to 30 June 2000. Pre-tax profit dropped slightly to 拢6.27m
