All Business & Finance Articles

Barratt developments reported annual sales to the end of June of UK£ 2,2 billion (€ 2,5 billion), down -35,7% on the UK£ 3,5 billion (€ 3,8 billion) recorded last year.

Jacobs Engineering Group has won a contract to lead design efforts on the I-15 South Design-Build Project for the Nevada Department of Transportation.

Trevi Group, through its subsidiary Drillmec, has been awarded a € 100 million contract to supply oil drilling equipment to Saipem.

Russian rental company Ltech has opened its fifth depot in Kazan, Russia, in time for the 2013 Universiade.

Construction output in the 27 EU countries was down by 11,1% in July 2009 compared to 12 months ago according to Eurostat.

Compact Power Inc (CPI) and Home Depot have signed a deal that will see CPI establish a new company, Compact Power Equipment Centers LLC (CPEC), to run large equipment rental business at selected Home Depot stores.

Kier Group reported annual sales of UK£ 2,1 billion (€ 2,3 billion), down -9,4% on the UK£ 2,3 billion (€ 2,5 billion) recorded last year.

Presentations from the third Europlatform access rental conference are now available to buy

Driveline and chassis producer ZF saw sales fall by a third from January to August 2009, compared to the first eight months of 2008. For the entire year, ZF forecasts corporate sales will fall by a quarter to €9.2 billion and anticipates sharp net losses

Australian heavy equipment rentals company Emeco is to significantly downsize its European operation over the next year and undertake a strategic review of its US business as part of a restructuring that will also see it sell off many of its smaller ‘civil construction’ machines in Europe and the US.

Spanish rental company GAM has negotiated a new schedule of debt repayment with its lenders to adjust to current business conditions. The company’s revenues fell 25% to €143 million in the first half of the year.

Manitou has reported a 56% fall in revenues to €357.8 million for the first half of the year, with sales down 60% in Europe and 66% in North and South America.

US-based consultant will retain brand and operate as an independent subsidiary.

When will the Europeean construction sector return to growth

After a flat summer, September saw a marked up-tick in sentiment in the European construction sector.

UK manufacturer and distributor of access equipment, Planet Platforms (Northern) Ltd, has added forklift truck training to its access training division following the acquisition of BEL. The decision to purchase BEL formalises a long term working partnership between the two organisations.

Russia’s Mirax Group has agreed a restructuring plan with Alpha Bank that secures the immediate future of what is one of Russia’s largest developers.

Impregilo has won a US$ 243 million contract to build the first 15 km section of a 40 km-long sewage tunnel in Abu Dhabi.

The larger than expected number of requests for Spanish government subsidies for thermosolar projects in the country has forced the Industry Ministry to delay any announcement about winning bids.