All Business & Finance Articles

Astec first quarter profit rises
US road builder reports strong first quarter results but casts doubt on success of Federal transport bill
Revenues down at Bechtel
US contractor impacted by economic conditions in 2010 but reports rise in 2011 orders
Ramirent signs discount agreement with Finnish homeowners association
Ramirent has signed an agreement with the Finnish House Owners' Association (Suomen Omakotiliitto) that will see Ramirent provide discounted rental services to the association’s 73000 homeowner members. The agreement covers the period 2011-2012.
Terex crane sales down as forecast
Net sales for Terex Cranes in the first quarter of 2011 decreased US$15.4 million, or 3.7%, to $398.3 million compared to the first quarter of 2010. This was in contrast to other segments in the company that significantly increased sales over the past few months
Algeco Scotsman buys Speedy's loss-making accommodation division
Portable accommodation giant Algeco Scotsman has acquired Speedy's loss-making UK accommodation rental business for £34.9 million, including 14 leased depots.
Europe’s construction output rises
Year-on-year growth in February recorded in the Euro Area and Euro 27 countries
Terex Q1 income declines
One-off gains from asset sales in 2010 distort figures, 2011 backlog and sales rise
Sales shoot up 74% for Terex AWP in Q1
Terex AWP's (Aerial Work Platforms) net sales for the first quarter of 2011 increased $161.1 million, (74.7%), to $376.8 million compared to the first quarter of 2010 and backlog has risen a massive 123%.
Boels buys HuurMax in the Netherlands
Boels Verhuur has acquired the HuurMax rental division of Netherlands builders merchant and DIY store owner RAB Beheer.
Financing charge hits RSC profits buts trends positive
Refinancing charges of US$49 million in the first quarter of 2011 saw RSC Equipment Rental post a net loss of $50 million for the period, compared to a loss of $38 million in the same quarter in 2010.
Atlas Copco splits construction and mining division
New Construction Technique division to include tools and road building equipment alongside portable compressors and generators. Mining and rock excavation will be a separate business.
Lavendon reports Q1 growth in revenue
Powered access rental company, Lavendon Group plc reported that its preliminary results indicate rental income up 11% for the first quarter of 2011 compared to the same period of 2010. This figure excludes used equipment sales.
Lifterz adds clean green Snorkels
UK access rental company Lifterz is adding a number of electric Snorkel machines to its fleet.
Lavendon sees 11% growth in year to date, but Middle East declines
Lavendon’s revenues have grown by 11% in the period from 1 January this year to 20 April, with France and Belgium both seeing more than 20% growth, followed by Germany with a 17% increase.
Confidence levels hold in Europe’s rental market
Europe’s rental market continues to be ‘twin-track’ in terms of business confidence according to the IRN/ERA RentalTracker survey for the first quarter of 2011, with the Nordic countries, France and Germany remaining confident but the UK/Ireland, Benelux, Italy and Spain far less so.
Murray & Roberts in leniency application
South African Competition Commission to consider evidence of cartel activity at a Murry & Roberts subsidiary
Hochtief loses another Board member
CFO Dr Burkhard Lohr resigns using an extraordinary termination clause linked to ACS's hostiile takeover.
New funds for € 1,5 billion Chernobyl shelter
Vinci/Bouygues joint venture constructing safe confinement shell over nuclear accident site
United Rentals halves losses and "outpaces" recovery
United Rentals halved its net losses to US$20 million in the first quarter of 2011 and reported a 9.4% increase in revenues to US$523 million for the period. Rental revenues rose by 14.2% to $434 million.
ABS pumps firm bought
Swiss firm Sulzer signs an agreement to buy Assa Abloy’s Cardo Flow Solutions.
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