Babcock and Balfour Beatty win £160m Sellafield waste contract. June 25, 2014 BABCOCK International and Balfour Beatty said yesterday they had won a £160m contract to build a new silo maintenance facility at the site of Sellafield nuclear power plant as part of the ongoing decommissioning process. The contract will be led by Cavendish Nuclear, a wholly owned subsidiary of Babcock, which will have 55 per cent [...]
BHP Billiton to cut thousands of mining jobs June 24, 2014 MINING giant BHP Billiton is looking to cut up to 3,000 jobs in its mining operations in Western Australia as it seeks to reduce costs, following the significant drop in the iron ore spot price of over 30 per cent so far this year. The London-listed resources group, which was one of the largest in [...]
Chemical maker Croda’s shares tumble following profit warning June 24, 2014 CRODA International, provider of chemicals for cosmetics, detergents and pesticides, saw its shares tank nine per cent yesterday after it forecast a drop in pre-tax profits for the full year compared to 2013, blaming a strong pound for the profit warning. The FTSE 250 listed speciality chemical company, which is the second largest distributor of [...]
Shire looks to double sales to $10bn by 2020 June 23, 2014 SHIRE yesterday argued strongly in favour of maintaining its status as an independent company, as it outlined its defence against Abbvie’s recent takeover attempts. The firm said it would continue to offer solid shareholder returns, with the potential to double sales revenue to over $10bn by 2020, and stressed that Abbvie had undervalued the company. [...]
Banks second only to e-tailers for good service June 23, 2014 CUSTOMER service at banks around the world appears to be better than many people would think, after being placed second in a report of various industries – although for UK banks there was less happy news as they were found to have lagged behind other regions. Some 40 per cent of global respondents said they [...]
UK businesses demanding more staff with foreign language skills June 23, 2014 NEARLY two-thirds of UK businesses (65 per cent) say they have a need for more workers who can speak foreign languages proficiently, according to a report from the CBI. The top three languages identified by businesses surveyed as being most beneficial were French first, with 50 per cent, followed closely by German in second with [...]
Virgin Atlantic hope Dreamliner launch will fly it back to profit June 23, 2014 Virgin Atlantic has announced the inaugural route for its new $5bn Boeing Dreamliner 787-9 fleet, with the first flights scheduled between London Heathrow and Boston for this October. The move is part of a wider roll out of new Dreamliners, which are estimated to account for over 50 per cent of its total fleet by [...]
