Uncertainty caused by the eurozone crisis has put the brakes on some infrastructure projects in the Middle East and Britain, according to the support services and construction firm Carillion.
The company, which maintains some of Britain's railways and military bases and has a strong construction presence in Canada and the Middle East, said market conditions in the first six months of 2012 had been challenging, although its pipeline of potential work had grown to £35bn.
"The uncertainty this year is probably a result of the euro crisis, certainly in the UK and a little bit in the Middle East," Carillion's chief executive Richard Howson said.
"It's slowing things down in terms of decision-making by customers [and] governments in releasing new contracts to bid and making decisions on contracts."Reuse content