Services group 'back in the black'

Services group Amey will this week celebrate a return to profitability after its new Spanish owners rescued the business from close to collapse.

Amey UK, which was acquired by construction firm Ferrovial in 2003, is tipped to announce pre-tax profits for the year to December of £21.3m (€30.7m), compared with losses of £225m (€324.5m) a year earlier, the Financial Times said today.