Keller sought to ease concerns about its exposure to the US housing market and the weakening dollar, saying it expects to beat profit forecasts for the year. Financial Times, The Times

Shares in the ground engineering specialist had fallen by about 40%t since the middle of October, but they rose 20.5p to 661p after yesterday’s announcement.

Justin Atkinson, chief executive it is buisness as usual. 'We believe our strong order book across all geographic regions, our robust business model and broad geographic spread should reassure the market,' he said

He added that 2007 would be 'another excellent year' and that the group was well placed for 2008.