Lupus Capital upbeat on outlook for construction

S Ca

S Capital, the construction investment group that ousted City entrepreneur Greg Hutchings earlier this month, said yesterday that tough trading conditions in the building products sector have started to ease.<br /><br />Lupus said yesterday its chief executive Keith Taylor had commenced a review of operations, and that the business is currently performing in line with expectations.<br /><br />&ldquo;Whilst forward order visibility in the building products business remains short&hellip; market conditions for that business appear to have stabilised,&rdquo; the group said in a statement.<br /><br />Lupus added that its oil services arm, Gall Thomson Environmental, continues to perform well.<br /><br />Hutchings, the former boss of engineering group Tomkins, stepped down as executive chairman on 1 July as the group renegotiated its bank facilities, having struggled with its exposure to the crippled housing market and &pound;135m debt pile.