AWG settles Morrison construction row

The long-running lawsuit over the sale of Fraser Morrison’s construction business to Anglian Water firm AWG was settled today.

AWG had put in a claim for £130m (€190m), alleging that Morrison and Morrison Construction’s former chief operating officer, Stephen McBrierty, inflated the true value of the Edinburgh-based business when it was sold to the utility for £263 (€385m) in 2000.