Vinci blames fixed-price contracts for £44m loss

Vinci’s UK business racked-up pre tax losses of £44.2m last year as problem contracts blew a hole in the accounts.
Latest numbers filed at Companies House show the firm plunged into the red from a £23.6m profit last time as turnover for the year to December 31 2022 ticked-up to £1.28bn from £1.17bn.
The biggest losses were at the building division which made a £37.3m pre-tax loss compared to an £11.7m profit in 2021.The building losses were blamed on two