Industry News

Reluctant banks put BAA bondholder talks in doubt - Reuters - Fri 09 May, 12:07 PM
BAA has not signed up enough banks to a debt renegotiation and may not be able to start talks with bondholders in coming weeks as it had planned, it said on Friday.

BAA says market conditions holding back debt talks - Reuters - Fri 09 May, 10:54 AM
BAA said on Friday it may not be in a position to start debt renegotiations with bondholders in the coming weeks as planned because of market conditions.

Costain says forward order book up 19% - ShareCast - Thu 08 May, 11:57 AM
Construction group Costain has continued to perform in line with expectations in the first quarter and has increased its forward looking order book by 19%.

Grafton profit stumbles - ShareCast - Thu 08 May, 08:53 AM
Builders merchants and DIY group Grafton Group said it is well placed to cope with more challenging markets as it faces a downturn in the residential construction market and slowdown in the international economy.

Europe stocks set highest close in nearly 4 months - Reuters - Wed 07 May, 05:44 PM
European shares notched up their highest close since mid-January on Wednesday, cheered by a broad pick up in risk appetite, a weakening euro and stronger than expected results at construction and technology groups.

Conditions positive for Carillion - ShareCast - Wed 07 May, 02:42 PM
Carillion expects the recent acquisition of Alfred McAlpine to aid strong progress at the construction and support services group this year and deliver materially enhanced earnings in 2009.

British house prices slide further in April: survey - AFP - Fri 02 May, 12:51 PM
British house prices dropped 1.3 percent in April from March and also declined year-on-year for the first time in 12 years, the country's biggest provider of home loans, Halifax, said on Friday.

Construction activity nears decade-low - ShareCast - Fri 02 May, 11:33 AM
Activity and confidence levels in the UK construction sector crumbled to their lowest levels in almost a decade, according to the Chartered Institute of Purchasing and Supply Friday.

Balfour Beatty gets €250m Swiss tunnel deal - ShareCast - Wed 30 Apr, 08:42 AM
The rail unit of construction giant Balfour Beatty has won a €250m contract for rail systems work on the Gotthard Base Tunnel in Switzerland.

AMEC lands BP contract extension 07:58 AM [ ShareCast]
Bateman Litwin to build Moroccan power plant 08:00 AM [ ShareCast]
Assad says facility Israel bombed not nuclear 05:33 PM [ Reuters]
US March new home sales fall to more than 16-year low 08:27 PM [ AFP ]
US new home sales fall to more than 16-year low 04:54 PM [ AFP ]

US new home sales drop 8.5 percent in March 04:07 PM [ AFP ]
Five workers killed in Thailand's Muslim south 06:23 AM [ Reuters]
Raven Russia signs €49.1m construction facility 09:54 AM [ ShareCast]
BAA may be ordered to sell airports 04:22 PM [ Reuters]
Small caps round-up: Cyril Sweett, OMG, Private & Commercial 02:55 PM [ ShareCast]

BAA may be broken up 08:06 AM [ Reuters]
Spain's Sacyr sells stake in France's Eiffage 07:06 PM [ AFP ]
OFT accuses construction firms of "bid rigging" 02:47 PM [ ShareCast]
Balfour Beatty fully compliant with OFT 08:27 AM [ ShareCast]
Further US rate cuts seen in wake of inflation, housing news 10:49 PM [ AFP ]

Carillion wins £85m motorway contract 08:34 AM [ ShareCast]

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