Trading update says 拢544m acquisition has improved growth prospects of the business

Carillion has identified 60% of the 拢30m cost savings it promised from the 拢554m acquisition of Alfred McAlpine in February.

In a trading update it said: 鈥淭he group noted that the acquisition, which has generated one of the UK鈥檚 largest support services businesses, has further enhanced the resilience and growth prospects of the business.鈥�

In a trading update for the first quarter of 2008, it said its performance had been 鈥渉ealthy鈥�.

Chairman Philip Rogerson said: 鈥淐arillion has continued to build on its strong performance in 2007. The group has maintained its strong financial position with cash flow and net debt in line with our expectations.鈥�

It also said it would double the turnover from its Middle East business to 拢600m in the next two years.

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