Engineering giant’s losses more than double to £542m

Global engineering giant Amec Foster Wheeler, which has a major presence in Warrington, has more than doubled its pre-tax losses to £542m.

The company, which was acquired by multinational energy services company Wood Group in a deal worth more than £2.2bn in March, saw revenue remain stable at £5.44bn, has suffered as a result of exceptional items and asbestos-related issues which have cost the company £137m.

Chief executive Jon Lewis said that given the conditions in the natural... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...