All Business & Finance Articles

QT Equipment will sell, distribute and assemble UK-based Penny Hydraulics' Swing Lift vehicle mounted cranes in the USA, under a new agreement

UK subsidiary of KBR negotiating with the Serious Fraud Office over its role as the conduit for bribes, but Halliburton will pay any fines.

Finning International is still considering whether to sell its UK rental subsidiary Hewden and will announce its decision by the end of the second quarter.

Spanish contractor defies home market trends with strong concessions and international portfolio.

IHS Global insight considers market size, growth and risk to produce new ranking.

Deal will generate US$ 100 million in cash for minority owner Cemex.

Higher Access Ltd a spider lift specialist based in Manchester, UK has taken delivery of the first Teupen Leo 50GTX to arrive into the UK. The model has a 400 kg capacity basket, non marking tracks for indoor use and a 50 m working height.

German rental specialist, Mateco is opening a new branch in Bavaria, the depot will be located in Kirchheim , Munich.

Australian heavy equipment rental company Emeco is to close its European business in July 2010 and consolidate its US activities into its Canadian operations.

Hertz Corp said it will open 10 new equipment rental locations during 2010 to tap into markets emerging from recession and to support key industries such as petro-chemicals.

Lafarge reported 2009 sales of € 15,8 billion, down -17% on the € 19 billion recorded 12 months ago. Pre-tax profits for the year slipped to € 2,4 billion, down -30% from € 3,5 billion in 2008.

Strabag reported 2009 sales of € 13 billion, a -5,3% decrease on the € 13,7 billion recorded 12 months ago.

Terex Corp made a net loss of US$114.8 million in the fourth quarter of the year with its AWP and Construction divisions being the worst performers, making operating losses of $32.6 million and $89.6 million, respectively.

Terex reported 2009 sales of US$ 4 billion, down -51.8% on the US$ 8.3 billion recorded 12 months ago. Following a pre-tax profit of US$ 71 million in 2008, the company recorded a pre-tax loss of –US$ 398 million for 2009.

Leighton/Fulton Hogan JV given preferred bidder status by NSWRTA for AUD$ 698 million section of Pacific Highway

Haulotte Group reported revenues of €53.6 million in the fourth quarter of 2009, down 27.5% on the same quarter in 2008.

RSC Equipment Rental said it expected the first half of 2010 to be challenging but that it anticipated an improvement in business conditions in the second half of the year with a recovery in industrial business leading the construction sector.

Civil engineering still looks like the strongest construciton sector in Europe.

European construction activity bounced back in February after a seasonal slowdown in January and sentiment about the future stayed strong.

At The Rental Show held in Orlando Florida on 8 to 10 February, UK rental company Speedy plc confirmed an order for Custom Equipment's new 8ft (2.4 m) platform height Hy-Brid scissor lifts. The order, which was placed with Custom Equipment's UK distributor to r2 Access, is said to be worth a seven figure sum and is for products to work alongside the Hy-Brid 1030 scissors the company bought last year