Costain awarded Network Rail contract for ‘Meerkat’ technology at level crossings August 23, 2018 Costain has won a Network Rail contract to develop warning technology to save lives at level crossings. The smart infrastructure solutions company has begun developing its 'Meerkat' technology, which will detect an oncoming train and provide audible and visible warnings to alert people at level crossings. The contract would see the technology installed at level [...]
Crossrail marks the spot: Office rents near upcoming Elizabeth Line surge in City fringes August 23, 2018 Rents for City fringe office space situated near Crossrail sites have soared as property hawks prepare to cash in on the new railway line coming to London. Grade A office rental values in Crossrail hotspots around the Square Mile have shot up far higher than neighbouring areas since 2010, according to new Savills research carried [...]
Crossrail marks the spot: Office rents near upcoming Elizabeth Line surge in City fringes August 23, 2018 Rents for City fringe office space situated near Crossrail sites have soared as property hawks prepare to cash in on the new railway line coming to London. Grade A office rental values in Crossrail hotspots around the Square Mile have shot up far higher than neighbouring areas since 2010, according to new Savills research carried [...]
Ryanair shares take flight after airline reaches agreement with Forsa trade union to end Irish pilots strike action August 23, 2018 Ryanair confirmed this morning that it has reached an agreement in its dispute with its Irish pilots. Shares in the airline rose 5.5 per cent at morning trading to 14p in response to the news, with the announcement a potential turning point in ongoing industrial action that has grounded flights across the summer period. Irish [...]
CRH earnings grow despite bad weather as constructions markets bounce back August 23, 2018 Building materials company CRH has seen earnings rise despite severe weather conditions as the construction market bounces back. The world's second largest construction supplier reported sales of €11.9bn in the first half of 2018 – one per cent up on the same period last year- its underlying earnings were also one per cent up at [...]
Sharp rise in profits and asset values as John Laing Group’s share price jumps August 23, 2018 Infrastructure investor John Laing Group’s share price climbed more than eight per cent in early morning trading, as the firm posted a rise in both net asset value (NAV) and profits for the first half of 2018. The FTSE 250 company’s NAV hit £1.51bn by the end of June, compared with £1.12bn in December last [...]
Southend Airport owner Stobart Group makes trio of appointments following bitter boardroom dispute August 23, 2018 Stobart Group, the troubled owner of Southend Airport, today appointed a woman to its board as it looks to rebuild after a fierce boardroom row at the company. The firm said it would appoint the co-founder of PR agency Citigate Dewe Rogerson, Ginny Pulbrook, as a non-executive director from 1 October 2018. Its shares grew five per [...]
Construction industry breaks records as employment levels climb August 22, 2018 The UK’s construction industry enjoyed bumper levels of employment last year, as the value of new work hit its highest level on record. More than 1.3m construction workers were employed and new work was worth £109m in 2017, smashing pre-crisis levels as a result of private sector growth, according to the Office for National Statistics (ONS). [...]
Costain enforces high-tech approach as profits blossom August 22, 2018 Costain Group reported growing profit margins this morning in the wake of a business shift towards technology-driven markets. Underlying profit climbed to £22.8m during the first six months of 2018, rising eight per cent from the same period in the previous year. The FTSE Small Cap infrastructure contractor announced an eight per cent hike in [...]
Carillion was ‘like a Ponzi scheme’ and inadequately scrutinised by government, top auditor says August 22, 2018 Carillion was “like a Ponzi scheme” and was inadequately scrutinised by the government, the UK's longest-serving auditor general has said. Sir John Bourn said he was “appalled” at the government for continuing to hand the outsourcing giant contracts, such as HS2, despite warnings. The outsourcing company, which had hundreds of public contracts that ranged from [...]