Latest:
NEWSBRIEF
00:00 27 Apr 2000
|
NORWEST LANDS AT STANSTED
Norwest Holst's East Midlands office has won a £14.6m contract to construct an office and warehouse facility at Stansted Airport for client BAA Lynton. Work involves construction of a 22,900m2 warehouse, which has a mezzanine floor throughout, together with 2,800m2 of office accommodation. The architect is Geoffrey Reid Associates and Buro Happold is acting as the consulting engineer. Work on the 42-week project has just begun.
KVAERNER AND BOOT SHARE £12.5M
Kvaerner and Henry Boot have signed a £12.5m contract with East of Scotland Water for a new waste water treatment works at Kirkcaldy. The contract also involves upgrading a storm sewer to provide overflow storage beneath the esplanade at Kirkcaldy.
TOTTY IN THE 'POOL
Totty Construction has been awarded a £5m contract to transform the old Collegiate School in Liverpool into 95 luxury flats for client Urban Splash. The city centre scheme is scheduled for completion in April 2001.
Women on sites - a debate
Employers within the construction industry and tradeswomen are being invited to attend a one-day conference at the Construction Industry Training Board's National Construction College in Norfolk on 5 May to debate the benefits of employing women on-site.Further details on 020 7251 9192.
Lafarge's Blue Circle bid in the balance
Lafarge's raised bid of 450p for Blue Circle values the UK cement producer at £3.65bn. With the final date for the offer (5 May) looming, analysts feel the outcome is in the balance. Blue Circle has assets valued at £5 a share and some feel Lafarge is still trying to get the business on the cheap. If Blue Circle escapes, a merger with Southdown - the second largest cement producer in the US - is thought possible.
Miller chief executive gets £58k salary leap
Keith Miller, chief executive of Miller, was paid £418,000 last year. His previous salary package ran to £360,000. Under the group's long-term incentive plan, senior staff are invited to sacrifice all or part of their annual bonus in return for notional 'shadow' shares with twice the value of the bonus sacrificed, plus 10% of basic salary. At the end of the year 220,000 such shares with a value of £990,000 had been provisionally allocated.
Wolseley on the prowl for acquisitions
Builders' merchant Wolseley has sold all its non-core businesses for £137m. The buyer was Cinven, a major player in buyouts in Europe. In the last financial year, the businesses made a £23m profit from a turnover of £260m. Wolseley plans to boost its acquisition programme with the money raised.
Beazer targets Scots social housing market
Beazer continues its push to be a major player in the social housing market in Scotland, winning deals worth £35m with local authorities. Beazer will provide 229 rental properties for West Lothian council in a £25m deal, while a £9m deal in Edinburgh calls for 140 houses for rent and additional low-cost homes in the city's peripheral housing schemes.
Amec/Agra deal sealed
The Amec merger with Agra has been completed. The acquisition involved £220m of cash and 54,000 new Amec shares. Agra's Peter Janson has become an Amec director with responsibility for running the group's North American operations.
Norwest Holst's East Midlands office has won a £14.6m contract to construct an office and warehouse facility at Stansted Airport for client BAA Lynton. Work involves construction of a 22,900m2 warehouse, which has a mezzanine floor throughout, together with 2,800m2 of office accommodation. The architect is Geoffrey Reid Associates and Buro Happold is acting as the consulting engineer. Work on the 42-week project has just begun.
KVAERNER AND BOOT SHARE £12.5M
Kvaerner and Henry Boot have signed a £12.5m contract with East of Scotland Water for a new waste water treatment works at Kirkcaldy. The contract also involves upgrading a storm sewer to provide overflow storage beneath the esplanade at Kirkcaldy.
ADVERTISEMENT
TOTTY IN THE 'POOL
Totty Construction has been awarded a £5m contract to transform the old Collegiate School in Liverpool into 95 luxury flats for client Urban Splash. The city centre scheme is scheduled for completion in April 2001.
Women on sites - a debate
Employers within the construction industry and tradeswomen are being invited to attend a one-day conference at the Construction Industry Training Board's National Construction College in Norfolk on 5 May to debate the benefits of employing women on-site.Further details on 020 7251 9192.
Lafarge's Blue Circle bid in the balance
Lafarge's raised bid of 450p for Blue Circle values the UK cement producer at £3.65bn. With the final date for the offer (5 May) looming, analysts feel the outcome is in the balance. Blue Circle has assets valued at £5 a share and some feel Lafarge is still trying to get the business on the cheap. If Blue Circle escapes, a merger with Southdown - the second largest cement producer in the US - is thought possible.
Miller chief executive gets £58k salary leap
Keith Miller, chief executive of Miller, was paid £418,000 last year. His previous salary package ran to £360,000. Under the group's long-term incentive plan, senior staff are invited to sacrifice all or part of their annual bonus in return for notional 'shadow' shares with twice the value of the bonus sacrificed, plus 10% of basic salary. At the end of the year 220,000 such shares with a value of £990,000 had been provisionally allocated.
Wolseley on the prowl for acquisitions
Builders' merchant Wolseley has sold all its non-core businesses for £137m. The buyer was Cinven, a major player in buyouts in Europe. In the last financial year, the businesses made a £23m profit from a turnover of £260m. Wolseley plans to boost its acquisition programme with the money raised.
Beazer targets Scots social housing market
Beazer continues its push to be a major player in the social housing market in Scotland, winning deals worth £35m with local authorities. Beazer will provide 229 rental properties for West Lothian council in a £25m deal, while a £9m deal in Edinburgh calls for 140 houses for rent and additional low-cost homes in the city's peripheral housing schemes.
Amec/Agra deal sealed
The Amec merger with Agra has been completed. The acquisition involved £220m of cash and 54,000 new Amec shares. Agra's Peter Janson has become an Amec director with responsibility for running the group's North American operations.
ADVERTISEMENT
Most Viewed Articles
ADVERTISEMENT