All Business & Finance Articles

HSS Hire in the UK posted an 11% increase in like-for-like revenues to £41.9 million for the first quarter of 2010. The company, which reported 26% increase in EBITDA profits to £9.3 million, said the results were “strongly ahead of market performance”.

The DRPA approves a US$ 139 million refurbishment of the Walt Whitman Bridge, its largest capital improvement project ever.

Briggs International has acquired United Rentals’ rental location in Monterrey, Mexico, and will combine it with its Monterrey materials handling operation. Briggs is one of the largest forklift truck rental companies in Mexico and recently acquired Maquinaira Ligera Equinter, a materials handling dealer based in Mexico City.

Since the announcement in April of the first World Crane Auction, more than 80 cranes have been consigned for sale

Construction spending in China is forecast to grow at +9.1% each year through to 2014 according to the latest study by The Freedonia Group.

Russian contractor Mostorest reported 2009 sales of RUR 33,2 billion (€ 852 million), up +16% on 2008 with pre-tax profits of RUR 3,3 billion (€ 86 million).

Global construction activity is expected to remain flat during 2010 and then grow nearly +5% in 2011

This year's D&Ri listing paints a picture that reflects the tough economic conditions being experienced by the construction industry worldwide

The construction and forestry division of John Deere reported sales for the six months ending 30 April 2010 of US$ 1.5 billion, up +15% on the US$ 1.3 billion recorded for the same period in 2009.

New figures from Eurostat show that construction output across the EU was down -2,4% in March compared to a year ago. In the 16 country Euro zone the fall was even more pronounced with a -5,2% decline.

Briggs International has acquired the assets of Maquinaria Ligera Equinter (Equinter), a Mexico City-based Bobcat and Hyster forklift dealer. The deal will double Briggs’ existing business in Mexico, which is mainly renting material handling equipment. It will also join the Hyster and Yale forklift brands in Mexico.

One of the largest US rental companies, Neff Rental, has entered Chapter 11 bankruptcy protection in the US. Neff, which continues to trade as normal, said the filing was prearranged and would allow it to restructure its debts.

Singapore-based Tiong Woon posted a 35% increase in net profit for the third quarter of its 2009/2010 financial year but remains cautious about the future

Ramirent has signed a five year rental and cooperation deal with Finnish crane, heavy lifting and transportation company Havator. As part of the agreement Ramirent is acquiring Havator’s self-propelled aerial platform fleet, numbering over 200 units, for an undisclosed price.

Former Terex executive Fil Filipov has acquired Atlas loader cranes from his old company. IC talked to him about the deal

Granite Construction president and CEO William G. Dorey to retire August 31 after 42 years, James H. Roberts to succeed him as of September 1.

AFI-Uplift has invested in 15 Eazzilift Mini and 10 Eazzilift Midi machines, with respective working heights of 3.8 m and 4.3 m strengthening the range it offers in the push around vertical sector.

UK company Platform Sales & Hire, based in Leighton Buzzard has bought BAR (Bucks Access Rentals). BAR was established in 2005 and, for some time, the companies have worked in collaboration.

India’s largest real estate developer sees recovery in residential market, with prices rising +10% to +30%.

The European equipment rental market fell by 17.2% to €20.2 billion in 2009 and is expected to fall by between 0% and -5% in most countries this year, according to the latest rental market report published by the European Rental Association (ERA).