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10Feb94 UK: BUCKNALL STUDY OFFERS RAY OF HOPE.

The UK construction market has stabilised - workload has fallen to 530 from 330 during the recession. Its operating loss was reduced by 77 per cent to £133,000.Borrowings were cut by £200,000, although they remain high at more than £2 million, leaving the group's gearing above 200 per cent.Overseas, Bucknall produced a profit of £16,000 and the position at its troubled French operation has now stabilised. Its Paris staff has been reduced from 21 to around six.But ...

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