All Business & Finance Articles

Acciona opens wind turbine blade factory
Spanish contractor and alternative energy specialists adds its own blades to wind power portfolio.
US construction spending dipped in May
Private non-residential construction bore the brunt of the decline.
Besix Midmac JV wins US$ 750 Doha airport contract
A 50:50 joint venture between Six Construct Qatar and Midmac Contracting Co has won the US$ 750 million contract to build Phase III of the New Doha International Airport (NDIA) Passenger Terminal Complex.
Leighton lands US$ 500 million Indian tunnel
New 9 km link on the NH1A highway will provide an all-weather route and cut journey times.
URS increases offer for Scott Wilson, CH2M Hill withdraws
URS is now prepared to pay US$ 333 million for the UK-based consultant engineer
ALE building second 4,300 tonner
A second 4,300 tonne capacity AL.SK190 super heavy lift crane will be part of international heavy transport and lifting company ALE's latest fleet expansion programme
Lavendon revenues down 10% but signs of growth return
Lavendon Group’s revenues declined by 10% in the five months to 31 May, excluding used equipment sales, said the company in an interim trading statement.
Skanska to build € 1,52 billion hospital
Sweden’s first health care PPP will be the largest project in Skanska’s history.
A2Sea wins Ormonde Offshore Wind Farm contract
A2Sea has won the contract to transport 30 RePower 5 MW wind turbines from Northern Ireland to the Ormonde Offshore Wind Farm in the Irish Sea
Fluor wins US$ 1.3 billion mine development contract
Project in Chile will employ 5000 workers at its peak
Bidding war over Scott Wilson
A new bid from CH2M Hill has trumped URS’ approved offer to acquire the UK consultant. URS has until 1 July to respond.
Brokk continues expansion drive
Demolition robot specialist Brokk has established its seventh subsidiary company, Brokk Italia srl based in Milan, which will be responsible for all sales in Italy
Czech manufacturer NTC sells rental business to Ramirent
Czech Republic compaction and concreting equipment manufacturer NTC Stavební Tecnika spol sro (NTC) has sold its rental division to Ramirent for an undisclosed sum.
Caterpillar to fully acquire Chinese joint venture
Buy-out of XCMG’s minority interest is part of strategy to increase Chinese excavator manufacturing capacity by +400%.
Kier challenges cartel fines
Contractor says OFT's penalty is disproportionately large.
Technip confirms US$ 338 million bribery settlement
Fines to be paid to the DOJ and SEC for Bonny Island, Nigeria corruption scandal.
URS announces approved offer for Scott Wilson
Bidding war could ensue over UK-based consultant, as CH2M Hill considers a counter offer.
Hewden and Skanska sign £4m rental deal
Hewden has signed a two-year rental deal with Skanska worth up to £4 million, including preferred supplier status nationwide for temporary site accommodation.
Cramo signs Finnish outsourcing agreement
Cramo Finland and Lemminkäinen Talo Oy Keski- ja Lounais-Suomi (Lemminkäinen) have signed a five year rental outsourcing agreement that will also see Cramo acquire Lemminkäinen’s fleet and depots in Turku and Tampere.
Hydrex refinances for "next stage of growth"
Hydrex Equipment (UK) Ltd has agreed a refinancing with its bankers that sees the company’s debt reduced to £50 million and an injection of an additional £8 million in finance. The arrangement takes the form of a £45 million debt-for-equity swap.
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