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05May94 UK: OPTIMISTIC REPORTS - CONSTRUCTION TURNS THE CORNER.

By Bill Fishlock.A cautious but encouraging tone has emerged from the annual reports published by major contractors to date.At Wimpey, chief executive Joe Dwyer wrote 'trading remains difficult in many areas of our activities and it will take time before our profits return to a satisfactory level'. Tight economic restraints in both the UK and US means recovery is likely to be modest in both its main markets.But Mr Dwyer was optimistic about UK house building after an increase in volumes ...

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