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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...
...On Thursday it also agreed a £80mn construction loan for new serviced apartment buildings, and replaced an existing construction facility with a £132mn loan on a mixed-use building that includes offices,...
...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”....
...“Construction companies generally commented on a broad-based rebound in tender opportunities, helped by easing borrowing costs and signs that UK economic conditions have started to recover in the first quarter...
...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....
...Commercial construction activity declined in February, with contractors citing client hesitancy and constrained budgets....
...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...
...Named after a father and son duo who began running the company in 2001, Shimao had outlined a restructuring proposal in late March that included short-term and long-term notes, as well as convertible bonds...
...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 momentum in Europe has been building and accelerating,” said IHG chief executive Elie Maalouf, adding that high construction costs and the continent’s large number of independent hotels presented “an...
...But he said “expectations of falling interest rates during the months ahead” appeared to have supported confidence at construction companies....
...German industry has rebounded more strongly than expected at the start of this year after factory production grew at the fastest rate for a year in February, thanks to strong growth in construction and carmaking...
...Construction materials group Breedon has had an eventful 12 months....
...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....
...Separate PMI data published earlier in the week for manufacturing and services marked construction as the worst performing sector, with services reporting a marginal expansion last month and the downturn...
...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...
...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....
...Historically, these large banks have been called on to bail out struggling companies during times of distress, such as through buying stakes in troubled local banks and offering more bailout loans to developers...
...The building, part of British Land’s joint venture with Singapore’s GIC at Broadgate, is under construction and due to be completed in 2027....
...Meanwhile, state and local (S&L) government construction spending also fell 1 per cent in January, the first monthly decline since August 2022....
...The gap between US companies and international ones remains significant. As examples, the share prices of Martin Marietta Materials and Vulcan Materials have more than doubled in the past five years....
...Latin American countries have not had new coal power plant construction starts since 2016 and for countries in the OECD, Europe, or the Middle East, no construction has started in the past five years....
...The company, which was founded in the 1600s and is one of France’s oldest, was also bogged down in a long and ultimately unsuccessful takeover tussle for Swiss chemical group Sika, which came to an end in...
...The Aim-quoted company found a way nearly 20 years ago to pickle softwood in acetic anhydride so that it is as tough as hardwood and will last half a century....
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