Styles & Wood Group Plc. (STY.L), in its Interim Management statement, said that it expects full year trading to be in line with market expectations.
In the statement on trading for the period from 1 January to date, said that market conditions in the first few months of 2013 have remained challenging with intense competition in a market characterised by a 6.5% reduction in construction activity compared to the first quarter of 2012. The continued investment in new sectors combined with margin pressures in the current market, will produce a half year result significantly below the prior year underlying profit before tax of 0.1 million pounds, albeit on increased revenue. However, it expects its revenues and profits to be heavily skewed towards the second half of the year.
The Group maintains robust relationships with key customers in the banking sector and has strong visibility of framework allocations for the remainder of 2013, the company said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.