"There has not been any material change in trading conditions since our half-year results announcement on 17 August 2011. Overall, our trading performance continues to be consistent with our expectations.
Our order book remains in line with the £15.5 billion reported at the half-year with a small increase in the US construction order book offset by a reduction in UK construction. In a challenging environment of government austerity and shortage of private finance, this is testament to the resilience of our business, our geographic spread, and diverse capabilities and end-markets. The actions we have put in place to lower our cost base and to focus our efforts in markets with the greatest opportunities are reflected in the performance of the business.
On an operational level, we have recently completed a significant number of large projects successfully around the world and have continued to improve our track record as an infrastructure business with global scale, broad capabilities and differentiated core skills."
