Around 2,500 jobs have been saved at troubled UK social housing group Connaught, after specialist construction group Morgan Sindall acquired the majority of its assets and contracts.
Connaught, which carries out essential maintenance and repairs to homes, called in administrators to its main social housing unit after government cuts caused contract deferrals, leading to financial difficulties.
Administrator KPMG had warned of potential redundancies among Connaught's 10,000 staff.