Now: Carillion put in a solid performance in the third quarter, with all the group's major trading divisions producing growth. Operations in the Middle East enjoyed an especially strong quarter as a series of projects moved off the starting blocks. The group is also looking to double revenue in the Middle East and Canada to around £1bn each in the next three to five years.
Support services remains Carillion's major contributor to operating profits and, despite a squeeze on spending, the pipeline of contract opportunities remains at a record high, especially with public sector customers under greater pressure to outsource work to save money. Investment in PPP projects has also paid off, with Carillion maintaining a 15 per cent internal rate of return.
When: 26/09/10
Price: 300p
Performance to date: +9%
