WSP Group will look to a strengthening commercial property sector in the UK, US and Sweden for two thirds of its revenue in 2006 as well as further improvements in its pipeline of prospective work.
In a trading update to the London Stock Exchange, WSP said its results for 2005 are expected to be in line with market expectations and it will report is preliminary figures on March 6. The company is looking for acquisitions in a number of areas of its business and it will review any opportunities as they arise.
At the same time WSP announced Stuart McLachlan will join the board as a executive director for January 1. Mr McLachlan has been managing director of WSP Environmental for ten years. Marisa Cassoni from the Royal Mail Group, Mark Rollins, group finance director at Senior and Ernest Sheavills, director of property at Royal Bank of Scotland, will all join as non-executive directors.
Non-executive director Caroline Brown will resign from the board on December 31.
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