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Cash-generative Atkins rates a buy

WS Atkins generates £20m more cash than expected and reveals earnings will come in ahead of expectations

What's new . . .

■ Results to beat forecasts

■ Margins improving in core business

■ Cash generation ahead of forecasts

IC TIP: Buy at 883p

Consultant engineer WS Atkins (ATK) has reported a positive outlook for its core UK business after announcing it will deliver a "significant proportion" of the £3bn Thames Water is forecast to spend upgrading the water network in London and the Thames Valley. Atkins will join with Costain and Veolia Water as part of a joint venture to upgrade the pipe, sewer and water treatment network in the region during the 2015-20 regulatory period.

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