Mears Group has cut its forecast for revenue and warned of a hit to earnings as its social housing customers delay orders following the Grenfell Tower fire.
It now expects revenue at its housing division to reach £800m this year, down £30m from its previous forecast.
Mears said it had no involvement with Grenfell Tower. It expects the delays in procurement decisions to be temporary and chief executive David Miles said he remained confident and optimistic about the future.
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