Mouchel hopes to return to growth

Support services group Mouchel said it aims to return to growth in 2012, despite the looming loss of a £130m contract with Rochdale Council. The firm said the deal, over which it remains in mutual exit talks, would not make a big impact to operating profits or cash. Its pipeline has dropped from £2.2bn to £1.6bn since July, thanks to losing out on a contract with West Sussex Council. Mouchel aims to restructure its balance sheet early next year.