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UK infrastructure
Thames Water causes Redrow legal stink over damaged sewer
...Water companies are not automatically consulted on proposed housing developments, which have a statutory right to be connected to the sewer system....
May 6, 2024
Orascom Construction Industries NV
Egypt’s richest man Nassef Sawiris considers breaking up his empire
...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...
February 14, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Gender pay gap
UK’s gender pay gap will take decades to close at current rate
...But employees at large companies including British Airways and Next Retail saw their median pay gap widen over the past year, while income inequality in sectors including mining, finance and construction...
May 6, 2024
UK housebuilding
Number of new homes in England predicted to drop to half of official target
...The property group warned that the number of new home completions would fall from an annual average of about 210,000 over the past five years to 160,000 over the coming year as higher debt costs hit construction...
May 6, 2024
Construction sector
UK construction activity grows at fastest pace for more than a year
...But housebuilding activity registered a setback with the lowest reading since January, as construction companies noted sluggish market conditions and the impact of elevated borrowing costs....
May 7, 2024
UK economy
Rise in civil engineering activity boosts UK construction sector
...at the research company Capital Economics....
April 5, 2024
FT Live
Managing Operational Risk in M&A Transactions
Examining the value of business licensing and property tax in the deal cycle
Thursday, 20 JuneDigital Conference
News updates from March 8: US adds 275,000 jobs in February; Bitcoin and gold touch new highs
Rivian pauses construction of new Georgia factory
...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....
March 7, 2024
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
Rivian pauses construction of new Georgia factory
...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....
March 7, 2024
Construction sector
UK construction activity stabilises on back of falling inflation
...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...
March 6, 2024
News updates from February 6: US court denies Trump presidential immunity, Boeing jet in Alaska Airlines blowout was missing bolts
UK construction sector optimism hits two-year high
...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...
February 6, 2024
Chinese business & finance
Chinese state-owned bank seeks liquidation of property developer Shimao
...a mainland Chinese real estate company....
April 8, 2024
Industrial metals
Norsk Hydro warns of construction demand slump similar to pandemic
...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...
February 20, 2024
News updates from January 5: US jobs market strengthens in December, Chinese shadow bank Zhongzhi files for bankruptcy
UK construction downturn eased in December, survey finds
...But he said “expectations of falling interest rates during the months ahead” appeared to have supported confidence at construction companies....
January 5, 2024
LexEnergy sector
Decarbonising data centres will shape the green transition Premium content
...The risk is that the data centre boom may spur construction of new gas-fired power plants....
May 2, 2024
ArcelorMittal SA
ArcelorMittal warns that one of its main divisions could quit UK
...The Luxembourg-based steel company, which is chaired by Indian tycoon Lakshmi Mittal, uses the site in Kent to supply reinforcement materials for the construction industry....
May 5, 2024
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
German economy
German factory production expands at fastest rate for a year
...February’s figure was bolstered by growth of 7.9 per cent in the construction sector, reflecting unseasonably dry weather....
April 8, 2024
US economy
Investors lose enthusiasm for signature Trump economic programme
...The Belpointe spokesperson said the company had made “solid progress on many fronts”, such as taking a $56mn mezzanine loan. The pressure is likely to intensify in the coming months....
May 8, 2024
News updates from April 26: US PCE rises 2.7% in March; Anglo American rejects BHP takeover bid
UK companies facing critical financial distress up by a fifth, says Begbies Traynor
...Construction, real estate and financial services companies were particularly at risk of default....
April 26, 2024
Luis Gallego
IAG head: UK mandate is not enough on sustainable aviation fuel
...The government promised five SAF plants would be under construction by 2025....
May 5, 2024
Investments
Directors’ deals: Breedon chair buys into US push
...Construction materials group Breedon has had an eventful 12 months....
April 12, 2024
UK energy
South Korean state energy monopoly in talks to build new UK nuclear plant
...A consortium including US construction group Bechtel and US nuclear company Westinghouse has already proposed building a new plant on the Wylfa site using Westinghouse’s AP1000 reactor technology....
May 12, 2024
Travel & leisure industry
International hotel chains step up plans to expand in Europe
...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...
April 21, 2024
UK economy
Corporate insolvencies in England and Wales fall in March
...The Insolvency Services said construction was the most affected sector, accounting for 18 per cent of insolvencies in the 12 months to February....
April 26, 2024
German economy
German union pay demand of 21% raises inflation fears
...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....
January 18, 2024
Construction sector
UK construction activity contracts for third month in a row
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
December 6, 2023

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