ISG announces £163 million of retail work

ISG's Retail operations, comprising ISG Pearce Retail and ISG Cathedral, announced that they have received to date allocations from their major retail customers of 208 projects for the calendar year 2010, with a total value of £163million, a similar level to the previous year.

Their major retail customers include Tesco, ASDA, Sainsbury's, Marks & Spencer, Barclays, Lloyds Banking Group, RBS and HSBC.

Based on these successful allocations and work already successfully completed, revenue for the Group’s Retail operations for the twelve month period ending 30 June 2010 is anticipated to be in line with the previous year (2009: £208million), albeit with an increased weighting towards the second half of the year.

David Lawther, Chief Executive of ISG, said:

“We are delighted to be able to announce these allocations for our Retail operations, which again demonstrates the resilience of our business and the continuing capital investment programmes of our major UK Retail customers.”