• Farrans plunges to £36m loss as legacy jobs bite

    Farrans plunges to £36m loss as legacy jobs bite
    Farrans plunged to a £36m pre-tax loss after taking fresh provisions on legacy contracts in the year it was bought by Sisk.
    The Belfast-based building and civil engineering contractor slipped deep into the red from a £3.2m profit the previous year as turnover fell 22% to £298m.
    New owner Sisk has pledged ongoing support, with Farrans able to draw on the group’s cash pooling arrangements to meet funding needs.Sisk bought the business on 31 October 2025 from global giant CR
  • Arup profit slumps to 13-year low as project provisions mount

    Arup profit slumps to 13-year low as project provisions mount
    Arup’s pre-tax profit has sunk to a 13-year low as problem jobs and the cost of a global shake-up hit earnings.
    The engineering giant booked nearly £26m of new provisions against loss-making contracts while pouring money into AI, staff skills and an overhaul of its regional operations.
    Pre-tax profit fell 41% to £26m in the year to March 2026, despite revenue rising 5% to £2.27bn.
    Arup said a handful of projects needed extra provisions to cover expected future costs and r

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