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T Clarke Surges As It Wins Several Major London Contracts

13th Nov 2014 09:20

LONDON (Alliance News) - Building services company T Clarke PLC Thursday said it had won contracts in London that will deliver more than GBP75 million in revenue.

Last month, it had flagged that several high value projects were in the late stages of negotiation. It said Thursday that contract have now been signed for it to provide providing engineering and installation services for several substantial new projects in the capital.

Those include a residential project at Beaufort Park in Hendon, a commercial development at London Wall Place, a building replacement at One Angel Court, an office building at Principle Place, Bishopsgate, and a mixed use scheme at Rathbone Square.

"These new business wins, all of which are committed projects, are significant in their value and underpin the confidence which we see returning to our markets," it said.

Its shares were up 19.9% at 50.95 pence Thursday morning, one of the best-performing stocks on the London market.

By Steve McGrath; [email protected]; @stevemcgrath1

Copyright 2014 Alliance News Limited. All Rights Reserved.


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