黑洞社区

WSP Group has revealed it is owed around 拢15m from contracts with clients in Dubai.

In its pre-close trading update, the group admitted the recent announcements in Dubai had increased its uncertainty as to when and how the resolution of its contracts would be resolved.

But it said it was encouraged by the recent indication of support from Abu Dhabi, and would continue to 鈥渁ctively pursue its contractual entitlements to amounts due鈥�.

WSP acknowledged that the year had proved to be 鈥渃hallenging in some very testing markets鈥�. However it said its European operations had proved particularly resilient, where activities were weighted towards the public sector.

The group鈥檚 long term order book has fallen from that reported at the half year, to 拢970m, and it said it expected conditions in the private sector to remain subdued, and anticipated public expenditure to come under further pressure.