Covid ushering in return of suicide bidding as profit warnings double in first half

By Dave Rogers2020-08-10T05:00:00

New reports from Alinea and EY lay bare impact of virus on industry

The havoc caused by covid-19 on the industry has been underlined in two new reports this week with a leading London cost consultant reporting that cut-throat bidding has returned while nearly half of the industry’s quoted firms have issued profit warnings in the first six months of this year.

A string of quoted firms has begun announcing their half year results with all seeing profits fall, with some, including M&E contractor T Clarke, materials firm Breedon and brickmaker Ibstock, slipping into the red.

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