Olympic Stadium engineer Keller Group expects challenging 2010

By Rachel Cooper, City Reporter Published: 5:27PM GMT 02 March 2010

Keller

The shares fell twenty-four to 651p after Keller pronounced full-year pre-tax enlarge tumbled to �74.7m from �113.2m, adding that it had not nonetheless seen a postulated upswing in orders and 2010 was set to be "another severe year".

Keller warned that blurb building a whole was expected to stipulate further, but combined that supervision spending should sojourn comparatively strong as well as spending in Australia and building markets, that represented 26pc of income last year .

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Justin Atkinson, arch executive, pronounced the association had "held up well" since that "most of the markets were exceedingly vexed via the year". He added: "Despite a ubiquitous necessity of stipulate awards, ensuing in heated foe and tighter pricing, great altogether stipulate opening and the organisation cost carry out mitigated the stroke on the Group"s handling margin."

Analysts at Numis pronounced Keller "has managed to equivalent most of the suffering emanating from the blurb building a whole outlay and increasing competition" as it focused on cost-cutting and open zone spend.

The association voiced a last division of 21p per share - an enlarge of 5pc from the prior year - that will be paid to shareholders on Apr 1.