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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,...
...Permira bought the company, which was founded in Venice 23 years ago, in 2020 from rival Carlyle for about €1.3bn....
...The latter’s Yggotel, Select and Novum hotels will be rebadged as Garner, IHG’s new mid-range brand, while its niu brand will become Holiday Inn — the niu....
...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...
...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...
...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 bill has triggered interventions from the leaders of two UK parliamentary select committees, who have demanded answers from the government about the platform’s future ownership on their side of the Atlantic...
...ZPMC is part of the state-controlled China Communications Construction Company....
...In the 1995 pop culture classic movie Clueless, the main character Cher Horowitz turns to her state-of-the art 90s computer to help select her outfit of the day....
...But he said “expectations of falling interest rates during the months ahead” appeared to have supported confidence at construction companies....
...In a hearing on Wednesday, MPs on the House of Commons Treasury select committee questioned industry executives on whether such increases were justified....
...VettaFi’s own data suggests that the Industrial Select Sector SPDR Fund (XLI) saw inflows of $829mn in March, the Materials Select Sector SPDR Fund (XLB) $574mn and the Energy Select Sector SPDR Fund (XLE...
...February’s figure was bolstered by growth of 7.9 per cent in the construction sector, reflecting unseasonably dry weather....
...The writer is an FT contributing editor Passive funds are, by construction, price-insensitive bundles of financial securities, weighted to replicate the performance of market indices....
...Construction materials group Breedon has had an eventful 12 months....
...The data throws fresh light on the extent of the company’s dealings with government after faults in its systems became widely publicised....
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
...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....
...The company’s AH502 Outdoor Dining Armchair is a lovely example of sleek, elegant design. Its solid teak construction will acquire a silver patina over time, which could be very beautiful....
...Industry executives will appear before the House of Commons Treasury select committee on Wednesday to face questions over what they are doing to ensure cover remains affordable....
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