Broker snap: Tough outlook for road-builders

10th Aug 2009 11:07

The government has been axing road schemes as it seeks to save money and more cuts are likely to follow, said Charles Stanley, which expects these cuts to have serious implications for road-building firms.Companies likely to feel the biggest impact include WS Atkins, Mouchel, Scott Wilson and RPS, according to the broker.Charles Stanley pointed to a letter from the Department of Transport to UK regions, which the broker says 'in essence warns that their road budgets are going to be cut.''We are sellers of almost all the consultant engineers,' the broker said.