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...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...Dickie said that because Grosvenor was already a commercial developer, funding construction was “already within our risk appetite” and the company could more easily “take a view on pricing that risk”....
...at the research company Capital Economics....
...Rivian is pausing construction on building a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Matthew Pointon, senior property economist at the research company Capital Economics, said commercial construction had “been contracting since September last year as developers wait for the outlook to stabilise...
...The risk is that the data centre boom may spur construction of new gas-fired power plants....
...Tim Moore of S&P Global Market Intelligence said construction companies were “increasingly optimistic that the worst could be behind them soon as recession risks fade and interest rate cuts appear close...
...Construction, real estate and financial services companies were particularly at risk of default....
...a mainland Chinese real estate company....
...Pål Kildemo, chief financial officer of the Norwegian company, said this construction crash because of high rates and rising building costs had hit the aluminium sector hard, undermining earnings of Hydro...
...The Insolvency Services said construction was the most affected sector, accounting for 18 per cent of insolvencies in the 12 months to February....
...But the mood among traditional asset management executives has hardly been celebratory of late given the gale of headwinds they face....
...But he said “expectations of falling interest rates during the months ahead” appeared to have supported confidence at construction companies....
...It now has 7.6GW of offshore wind under construction, its highest ever. Overall, Ørsted reported quarterly revenues of DKr19.2bn and a pre-tax profit of DKr4.4bn....
...It means something like: “The neighbour’s tree may have fallen in the gale, but at least our garden will get more sun now!”...
...February’s figure was bolstered by growth of 7.9 per cent in the construction sector, reflecting unseasonably dry weather....
...Construction materials group Breedon has had an eventful 12 months....
...Mark Hoplamazian, chief executive of US hospitality group Hyatt, said building new hotels had become harder due to “very tough” markets for raising capital, causing the company to turn instead to converting...
...A survey by the German Chamber of Commerce and Industry (DIHK) in November found that just over half of the country’s construction companies were struggling to fill vacancies....
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
...Neither Ivanov’s wife nor the construction company have responded publicly to the accusations since the deputy defence minister’s arrest....
...The company expects to build 7,500 homes in the 12 months to July, down from almost 11,000 in the same period a year ago. Shares were broadly flat in morning trading on Tuesday....
...Construction services provider Tianjin Construction Development, meanwhile, closed 39 per cent lower on its first trading day....
...During the initial review of the private-sector proposals, the Chinese consortium consisting of China Railway Construction, China Communications Construction and the Export-Import Bank of China, was seen...
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