Alfred McAlpine turned in a disappointing performance in its UK housebuilding. This marred an otherwise strong recovery last year by the group. Oliver Whitehead, chief executive, said housing margins were inadequate.
Pre-tax profits were £9.4m as against a £23.5m loss last time. Housing profit fell from £11.5m to £9.1m excluding exceptionals.
- Financial Times 26/03/97 page 24
- The Times 26/03/97 page 27
- The Guardian 26/03/97 page 22 (Notebook)
- The Daily Telegraph 26/03/97 page 31
