All Business & Finance Articles

Chief economist noted an increase in new work in the UK construction sector, but warned that government cuts will bite

Public works division was the main dirver of growth, but group revenues were impacted by declines in construction

Revenues dipped -10% in the third quarter, but 2010 outlook remains profitable

National Hire buys Sykes GroupNational Hire Group, part-owner of Coates Hire, is to acquire the Australian pump manufacturer Sykes Group for A$50 million (€36 million).

Net profit falls -91,8% as one-off sale distorts results

Access rental specialist the Lavendon Group, has reported an improved trading performance in the third quarter and into the fourth quarter.

Hertz Equipment Rental Corporation (HERC) has acquired one of Hawaii’s biggest rental companies, Western Machinery. Western was founded in 1985 and operates on three Hawaiian islands; Oahu, Hawaii and Maui.

Rental consultant Dan Kaplan gave an upbeat presentation on the North American rental market at last week’s AEM conference in San Antonio, Texas.

All-cash transaction accelerates Caterpillar's expansion into the mining sector and reflects its confidence over commodity prices and emerging markets.

Wacker Neuson’s third quarter revenues increased by 31.5% to €196 million compared to the same quarter in 2009 and EBITDA profits almost doubled to €25.0 million.

Fortum a leading energy company which focuses on the Nordic countries, Russia and the Baltic Rim area, has bought two environmentally friendly Altec insulated aerial platforms from Altec's Scandinavian dealer, Gantic.

The Energhia consortium has secured a € 27 million contract supporting the development of the International Thermonuclear Experimental Reactor.

Industrial conglomerate said order book rose +25% year-on-year

The access and telehandler rental division of Mills Estuturas e Servicos de Engenharia in Brazil has placed orders worth US$80 million for additional equipment to the end of 2011. The investment will allow it to “meet the huge demand and to guarantee the expansion plan of the rental division”.

Italian construction group wins tender for four-year project in Columbia.

Palfinger's third quarter has shown a positive trend affected favourably by the acquisition of a majority stake in US access platform manufacturer ETI. However, the European market for access platforms is yet to recover.

Revenue for the Palfinger Group in the first three quarters of 2010 was up 20%, at Euro 464.9 million (US$ 648 million), over the Euro 387.9 million ($540 million) of the same period in 2009

Growth in the BRICs countries - particularly China - is driving the company to a record year.

Contract wins during the third quarter have increased order book to “over £ 15 billion”.

IPO to be pursued, but individual trade sales will also be considered