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MARKET REPORT - ATKINS THROWN INTO PFI CHAOS

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Atkins has denied rumours it is to sell its stake in private finance initiative projects following publication of i...
Atkins has denied rumours it is to sell its stake in private finance initiative projects following publication of its interim results and the sacking of chief executive Robin Southwell.

Shares in the firm collapsed by 70% on the day the results were announced.

Although Atkins was expected to retain control of its stake in Metronet, the consortium that won the contract to run part of the London Underground, it was expected to sell off its stake in schools and hospital projects.

However, a spokesman said no decision has yet been made. He said: 'We remain committed to PFI. Some decisions have to be made following publication of our interim results, but there has been no formal announcement.'
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