Texan bid for Balfour Beatty November 19, 2012 Balfour Beatty yesterday said it had been selected as the best value bidder for a $798m (£502m) for the Dallas Horseshoe Project in Texas. The design-build joint venture involves the upgrade and replacement of several bridges in Dallas, to shorten the construction schedule and lower the cost.
Profit jumps at Diploma November 19, 2012 Technical products supplier Diploma reported full-year profit of 17 per cent, boosted by its seals business. Adjusted pre-tax profit over the year to September came in at £52.6m, up from £44.9m the year before, while revenue increased to £260.2m, up 13 per cent year on year.
Tube engineers to strike November 19, 2012 Engineers are set to down tools on Friday in the latest dispute over pensions, pay and benefits for Tube workers. Staff working for Tube Lines on the Northern, Jubilee and Piccadilly lines will walk out for 24 hours from 6am on Friday, after previous industrial action failed to prompt an agreement.
Citigroup settles Lehman claim November 19, 2012 Citigroup has agreed to pay $360m to the brokerage estate of Lehman Brothers to resolve a dispute over $1bn in collateral that the investment bank was forced to post in the days leading up to its bankruptcy in 2008.
Hampson in administration November 19, 2012 Aero-engineer Hampson Industries yesterday fell into administration. Hampson, which struggled with debts and failed to find a buyer earlier this year, has appointed FTI Consulting as its administrators.
Financial fears over another crash subside November 19, 2012 THE CITY’S fears over the prospect of being hit by another crash have subsided, according to a Bank of England report published yesterday. UK banks, insurers and investment funds have bounced back to confidence levels last seen in the first half of 2011, the survey said. Only one in five respondents consider the probability of [...]
Positive housing market figures give boost to US recovery hopes November 19, 2012 AMERICA’S ailing housing market could be on the mend, according to two positive surveys released across the pond yesterday. US homebuilder sentiment rose for a seventh consecutive month in November and hit its highest level in over six years, according to one widely-regarded survey. The National Association of Home Builders’ housing market index, conducted with [...]
Statistics office to run rule over Osborne’s QE plan in early 2013 November 19, 2012 THE OFFICE for National Statistics (ONS) has said it will not rule before January on whether the UK’s finances will be affected by a change to the handling of interest on the Bank of England’s £375bn of gilt holdings. The change could affect whether chancellor George Osborne meets politically sensitive deficit reduction targets. But an [...]
UK’s WANdisco buys out Silicon Valley company November 19, 2012 SHEFFIELD-BORN software company WANdisco yesterday announced it had bought out Silicon Valley data firm AltoStor, as the recently-listed UK outfit makes an aggressive move into the lucrative and fast-growing “Big Data” market. “It’s a real coup for the business,” chief executive David Richards told City A.M., revealing that WANdisco beat “a much bigger, established Silicon [...]
Cisco to take over Meraki in a $1.2bn cloud computing push November 19, 2012 NETWORKING equipment firm Cisco has bought San Francisco-based cloud management company Meraki for $1.2bn (£755m), in a deal that boosts the tech giant’s position in the cloud computing sector. The acquisition, announced early yesterday morning, is one of the biggest in the rapidly-expanding area. Meraki’s network technology allows companies to monitor and manage WiFi networks [...]
