Sales down for engineering giant as new boss is poised to take over

INTERNATIONAL engineering group Amec Foster Wheeler has reported a 1.5%  drop in income to £1.3bn in its first quarter trading update, as the company prepares to welcome a new chief executvie.

However, its current chief financial officer and interim chief executive Ian McHoul said the Knutsford, Cheshire-based company’s “asset-light and flexible operating model” made it well-placed to tackle “challenging market conditions” which continue in many of its operations.

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