Nexus sells utilities and EV contracting arms for £78m

Infrastructure services contractor Nexus has offloaded its utility connection business TriConnex and electric charging point specialist eSmart Networks for £78m.
The deal will allow the Stock Exchange-listed firm to invest in its remaining business stream Tamdown civil engineering, which specialises in housing work, and also return cash to shareholders by way of a tender offer for shares.
After a two-year turnaround programme, London and south east-based Tamdown saw revenue rise 26% last y