All Business & Finance Articles

Upright is prepared for a bright future
Speaking at the UpRight distributor conference held last week in Dubai, Darren Kell, chief executive officer, of parent company Tanfield said, "With 2009 behind us we are looking forward and preparing for market recovery - we are ready for the next decade and the future is bright."
IronPlanet in record quarter
Online construction equipment auctioneer IronPlanet reported record third quarter sales of US$ 123 million, up +61% on the same quarter last year.
D R Horton annual sales down –45%
Net orders for the US house builder picked up in the final quarter of the fiscal year, but conditions remain tough.
Wiesbauer adds crawlers
German crane rental and transport company Wiesbauer has added a pair of new crawler cranes to its fleet
European construction decline steepens
Eurostat data shows deterioration accelerating, although Germany and Poland remain buoyant.
Hochtief Concessions IPO to raise up to € 1 billion
Hochtief has announced details of the initial public offering (IPO) of shares in its Concessions division.
Lavendon to raise £80.8 million with share offer
Lavendon Group is to raise £80.8 million in a new share issue, with the funds used to reduce debt, provide additional “headroom” on existing financial covenants, and allow the company to participate in consolidation opportunities in the medium term.
Finning narrows options on Hewden
Finning International said the strategic review of Hewden would be completed before the end of the year and that the final decision was likely to be either an outright disposal of the company or its retention in a smaller form.
Emeco appoints replacement CEO
Emeco has appointed Keith Gordon as its new managing director and chief executive officer, replacing Laurie Freedman who is retiring after ten years leading the Australian heavy equipment rental company.
Speedy moves into 1250 kVA power market
Speedy Hire has invested almost £0.8 million (€0.9 million) in a new fleet of 1250 kVA generating sets to target international major projects business, in particular in the utilities sector.
Toronto-based Stephenson's Rental buys Oxford Builders assets
One of the largest rental companies in Canada, Toronto-based Stephenson’s Rental Services, has acquired the general equipment rental assets of Oxford Builders, the rental arm of Canadian contractor EllisDon Construction.
Tiong Woon upbeat despite profits drop
Gross profit was down 20% for the first quarter of Tiong Woon's 2010 financial year, but revenue held its own with a 1% drop
Bouygues wins in Qatar
Bouygues has won a QAR 4.75 billion (US$ 1.4 billion) contract to build a massive real estate project in Doha in Qatar
Fassi looks to the future
Giovanni Fassi told journalists at the SAIE 2009 exhibition in Italy that talking about the global crisis was no longer the key issue. "It is about a resetting of our companies. We have to got back seven or eight years and start again. I hope we go back to the peak but it's not written anywhere."
Question of the Month November 2009
What are European construciton companies' recruitment policies at the moment?
CE Barometer November 2009: Seasonal slowdown
Sentiment on the European construction industry softened in November but stayed in positive territory.
Boskalis and Smit merger
Royal Boskalis Westminster N.V. (Boskalis) and Smit Internationale N.V. (Smit) have in principle reached agreement on a full merger of the two companies
Emerging market construction to double by 2020
The value of construction in emerging countries will rise by +110% in the next 11 years, compared to +35% growth in mature markets.
Ramirent adds Rakennus-Otava's machinery
Ramirent has acquired the machinery department of a subsidiary of Lemminkäinen in Finland
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