Beleaguered UK engineering firm Jarvis signalled a “dramatic turnaround in fortunes” today as it reported significantly reduced annual losses.

UK engineering group Jarvis offered signs of recovery today as it posted operating profits for the first time in two years.

The chairman of engineering firm Jarvis was yesterday accused of presiding over a ’shambles’ as he faced a grilling from shareholders over executive pay and the collapse in the firm’s share price.

Former British parliamentary watchdog Elizabeth Filkin was today appointed to the board of Jarvis, the firm at the centre of the Potters Bar rail crash inquiry.

British Shadow Chancellor Michael Portillo today dismissed reports of his plans to run for the Tory Party leadership as ‘‘lies’’.