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Amec restructuring ups margins

Last year’s decision to sell off its construction businesses is paying dividends at Amec with the firm saying margins this year will beat previous forecasts.
The group, which now concentrates on the power, process, natural resources and environmental markets, said margins for 2008 will be 6.5 per cent – up from the target figure of six per cent set back in December 2006.
Chief executive Samir Brikho has said that he wants to see margins hit eight per cent by 2010.
Mr Brikho has also announced that the group finance director of brewer Scottish & Newcastle will become its new chief financial officer.
Ian McHoul will join on 8 September and is replacing Stuart Siddall who stepped down in June after eight years at the business.
Amec will announce its interim results on 28 August.