All Business & Finance Articles

500 jobs to go at JCB
JCB has announced a redundancy programme in response to falling orders. It will cut 500 manufacturing jobs from its UK workforce along with a proportional number of administrative positions.
erento online rental website says traffic growing dramatically
Online rental site specialist erento said its UK website is attracting 18000 unique visitors a week, and the number is growing at 20% a week. The company recently announced that HSS Hire had signed up to the site, alongside another big UK renter, Hire Station.
Rise in Canadian building permits
The value of Canadian building permits rose for the second month in succession in May as an increase in non-residential construction cancelled the fall in the residential sector, according to the latest survey by Statistics Canada, the country's national statistics agency.
Eve Trakway on acquisitions path
Eve Trakway, the UK-based company that rents temporary access roads, fences and crowd control barriers, has received additional funding for acquisitions from private equity firm LDC.
EXCLUSIVE: All change in global top 10
Vinci was the world's largest contractor in 2007 according to the results of International Construction's annual ranking of the worlds largest construction companies. Fellow French company Bouygues maintained its second place, but further down the top 10 there were major changes.
Infrastructure spending to surge in emerging markets
Annual infrastructure spending in emerging markets (EM) - Africa, Middle East, Latin America, Eastern Europe and Asia - is expected to jump +80% over the next three years, according to financial management and advisory company Merrill Lynch.
Australian construction activity continues to fall
Activity in Australia's construction industry has declined for a fourth consecutive month in June 2008, although the rate of decline was less marked than in the previous month, according to the latest Australian Industry Group - Housing Industry Association Performance of Construction Index (Australian PCI).
Taylor Wimpey faces crisis
Taylor Wimpey, Europe’s largest house builder, has announced 900 job cuts, the cancellation of its dividend for the first half of the year and the resignation of its Finance Director after failing to raise UK£ 500 million (€ 630 million) of new capital.
Concargo joins The Heavy Lift Group
The Heavy Lift Group has welcomed its first member from Africa.
Belgian Bobcat dealer sells rental division to Boels Verhuur
Boels Verhuur has acquired the rental business of Belgian Bobcat dealer, Vangaever, including both its Cat-Rent operation and its sister company BCL.
New LTECH depot proves successful
The location of Russian access rental company LTECH's newest showroom and service centre in Nizhniy Novgorod is allowing the company to expand rapidly, says Dimtriy Pankin, manager of the depot.
Vinci Group's Eurovia to acquire Vossloh AG's railway services division
Vinci Group's Eurovia S.A. is to acquire Vossloh AG's French subsidiary Vossloh Infrastructure Services S.A. that supplies and maintains rail tracks, according to a statement from Vinci.
Tanfield halts aggressive expansion after "marked slowdown" in June
A “marked slowing” in demand and the rescheduling and cancellation of orders by powered access customers has prompted Tanfield Group to postpone its aggressive expansion plans and adopt a more “prudent and conservative” approach.
IRN-100 Survey: The Top 100 Equipment Rental Companies in the World
The latest IRN-100 list of the world's largest rental companies reveals a dual-speed rental market in 2007, with European firms growing at a considerably faster rate than their US or Japanese counterparts.
Japan's Aktio replaces Excel spreadsheets with web-based finance system
Aktio Corp, the largest rental company in Japan, has implemented a new web-based financial planning system to replace its traditional Excel spreadsheets.
4-Way Equipment Rentals in Canadian high growth table
Canadian rental company 4-Way Equipment Rentals has been ranked one of Canada's 200 fastest growing companies after reporting 54% revenue growth to C$15.7 million (€9.8 million) in 2007.
Quippo to offer power rentals outside India
Quippo Energy Rental, the power rental division of Quippo Infrastructure Equipment Ltd - India's largest rental company - is to enter the Bangladesh and Indonesian markets by 2009, according to reports.
Ortner explains Wumag strategy
Palfinger will sell its newly acquired Wumag platforms as a separately branded range alongside the Bison Palfinger line, and existing Bison and Wumag dealers will be able to sell both ranges. The company said it had no plans to close any of the three Wumag manufacturing facilities and that reducing lead times for the larger Wumag machines was one of its priorities for the newly acquired business.
Kanamoto makes two small rental acquisitions
Kanamoto made two rental acquisitions in June. It has bought tunneling equipment specialist Toyo Industry and general rental company Kyokuto Lease.
Power4 doubles revenue
UK power and lighting rental company Power4 doubled its turnover to £5.8 million (€7.3 million) in its 2007/8 fiscal year. Operating profits almost tripled to £1 million (€1.25 million).
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