Carillion wary of the year ahead

Building and support services firm Carillion reported full-year profit at the top end of forecasts, although expectations of tough trading conditions helped send its shares down 4.4 per cent to 357.4p yesterday. The firm reported a pre-tax profit of £167.9m for the year, up 24 per cent on 2009, with a forward order book worth £18.2bn. Carillion raised its dividend six per cent to 15.5p but warned that the “economic environment would continue to make trading conditions difficult, especially in our UK markets”.