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Peterhouse up

Peterhouse saw a small increase in profits last year following a major overhaul of the business, which saw the purchase of rail specialist First Engineering and the sale of construction and development arm Propencity. Pre-tax profit at the support services specialist rose to £14.5 million from £13.2 million including a contribution of £3 million from First Engineering and £4.1 million profit from the sale of Propencity. Turnover was up 21 per cent to £447 million.