Published on: February 3, 2020
Election result provides clearer 2020 vision
Britain’s leading structural steel group could benefit from the revival of stalled construction and investment projects, potentially including HS2, following December’s conclusive General Election result, we believe. The improved outlook, supported in industry surveys, reinforces the group’s existing strategy, which has focused on new growth markets, greatly improved risk management and balance sheet strength. The Indian JV and acquisition of Harry Peers & Co could further boost prospects, in our view.