Pochin's Construction Division Weakness Offset By Replacement Work

LONDON (Alliance News) - Pochin's PLC said Wednesday its construction division experienced a fall in activity levels in the period since January 31, but this has been offset by the commencement of replacement work.

Its property division is performing "satisfactorily" in both its investment and development activities, Pochin's said.

At the end of March, the civil engineering and property letting company extended the deadline for takeover discussions with Property Development Director James Nicholson and members of the Cedric Pochin concert party in March.

It expects to make a further announcement about the potential offer on or before the new deadline of April 28.

Shares in Pochin's were trading down 1.3% at 38.50 pence Wednesday afternoon.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @hanassallnews

Copyright 2014 Alliance News Limited. All Rights Reserved.

Pacific Global