Sir Robert McAlpine plunges to £110m trading loss

Sir Robert McAlpine slumped to £110m operating loss and tumbled below £1bn revenue in a torrid year to October 2023.
The extent of contract losses emerged after assessing end-of-life positions of price-based contracts, which completed in 2023 or are due to complete this year.
Revenue fell 19% to £881m amid the slowdown in the building market while the business endured a net cash outflow of £82m over the year.
To support the business, the McAlpine family directly funded a