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...Long lead times for construction, technological advances abroad and tight supplies for raw materials will also hinder development of supply chains....
...Vulcan Materials, a supplier of construction materials, was up 6.2 per cent after reporting forecast-beating earnings thanks to higher prices and solid demand for its concrete, asphalt and sand....
...As examples, the share prices of Martin Marietta Materials and Vulcan Materials have more than doubled in the past five years....
...“Challenging” markets, particularly for new residential construction, prompted it to cut 1,500 jobs in the first half of the financial year and announce another 500 cuts in February....
...The S&P Global/Cips UK construction purchasing managers’ index fell marginally to 45.5 in November from 45.6 the previous month....
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...to pass on lower prices for raw materials like timber and steel”....
...Corporate earnings: Japanese office furniture maker Uchida Yoko and construction equipment supplier Daisan offer quarterly data....
...Global construction PMI data Results: Alfa-Laval Q4, Amgen Q4, BP Q4, Eli Lilly Q4, Ford Q4, H&R Block Q2, Gartner Q4, Infineon Technologies Q1, Linde Q4, Mitsubishi Q3, Nintendo Q3, Omnicom Q4, Prudential...
...Graeme Wildgoose from energy brokerage Poten & Partners said while the additional cost was “not material yet”, it was “a sign of where the winds are blowing. It will become more material”....
...new skills, new sectors, at the same time as we’re trying to run the offshore E&P [oil and gas exploration and production] industry”....
...“I suspect the money following the S&P 500, if that is what they go into, is much larger,” he added. “The S&P 500 is just a bigger pot. The FTSE is a dot compared to the S&P market cap.”...
...Analysts at S&P say the higher cost for some projects is because they involve on-site processing of the material to the high grade needed for batteries, which Vulcan hopes to do....
...Moody’s notes that Hawaii already has high construction costs as materials have to be imported to the remote islands. A massive rebuilding effort could require importing labourers as well....
...The S&P Global/Cips UK construction purchasing managers’ index for housebuilding was 43 in July — well below the 50-points level that divides expansion from contraction — although a slight improvement from...
...Kingspan: The Ireland-based construction materials company is to release first-half results....
...But 2024 is the first year we have clarity on how companies can qualify for the law’s lucrative tax credits and whether these factory announcements will actually lead to new construction....
...However, in order to size the potential maximum impact to banks’ P&L, a scenario we think would be unlikely but possible, for example in times of financial distress, we have assumed that everyone older than...
...Take P. Todd Noe, Microsoft’s director of nuclear and energy innovation....
...NAHB chair Alicia Huey said that some of the slowdown was the result of “a dearth of construction workers”....
...A mélange of glass, steel (6,000 tonnes were used in the construction of the nave alone) and stone, the edifice combines art nouveau metalwork with heroic neoclassical façades underpinned by industrial ingenuity...
...Balance sheets are much healthier however, with S&L total balances currently totalling $274 billion (1% of GDP)....
...Vulcan Materials at 31 times. Valued on such multiples, the £32bn CRH might have a market capitalisation of £66bn. CRH could have spun off its US operation....
...The company was the S&P 500’s best performer last year and earned $12.5bn in profits....
...analyst at S&P Ratings....
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