Vinci Building and FM arms rack up big losses for second year

Vinci’s combined UK operations suffered a pre-tax loss of £6.4m last year dragged down by further big provisions from the building and facilities businesses.
On-going legacy problems relate to two fixed-price large building projects, University College London and Hospital Corporation of America in Birmingham, that were secured pre-Covid for Vinci Building, and a toxic healthcare PFI hard service contract in Coventry for Vinci Facilities.
The problems at the two building businesses ov