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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
Batteries
Korea Zinc expands nickel production to meet US battery demand
...“Decoupling from China will be difficult immediately, but we can gradually replace Chinese companies to a meaningful extent.”...
October 1, 2023
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Property sector
Duke of Westminster’s property group launches £900mn lending arm
...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”....
March 23, 2024
HTSI
Sculpt fiction: make shapes with fashion’s sharpest silhouettes
...Production, The Good Company Represents...
April 10, 2024
UK economy
Rise in civil engineering activity boosts UK construction sector
...at the research company Capital Economics....
April 5, 2024
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
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
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
Investments
Investors’ Chronicle: Hill & Smith, Synthomer, Persimmon
...Investors like to hear a bullish story from companies, too....
March 15, 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
ReviewVisual Arts
When Forms Come Alive, Hayward Gallery — anarchic sculpture for restless times
...Phyllida Barlow’s painted polystyrene and plaster construction “untitled: girl ii; 2019” is a massive anthropomorphic rock precariously perched on three legs....
February 10, 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
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
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
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
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
Investments
Directors’ deals: Breedon chair buys into US push
...Construction materials group Breedon has had an eventful 12 months....
April 12, 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
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
Bellway PLC
Bellway chief says housing market ‘on the road to recovery’
...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....
March 26, 2024
LexBanks
More Chinese banks need to take a hard stance on easy loans Premium content
...That can no longer be taken for granted with state-owned China Construction Bank (CCB) taking rare legal action against the troubled mainland developer Shimao Group....
April 8, 2024
News in-depthNikkei Asia
Malaysia revives ‘ambitious’ high-speed rail plan amid hurdles
...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...
March 13, 2024
LexHolcim Group
Holcim US spin-off attempts to lay foundation for boosting valuation Premium content
...Its current US ebitda margin of 27 per cent exceeds the rest of the company....
January 29, 2024
Citadel LLC
Hedge fund Citadel to expand its London office space with tower move
...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....
April 18, 2024
Compagnie de Saint Gobain SA
France’s Saint-Gobain hunts for fresh acquisitions as part of sustainability push
...The construction sector is also facing a reckoning as a result of its environmental impact....
December 10, 2023

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