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00:00 01 Jun 2000
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BOXTEXT: RELISTING FOR TILBURY DOUGLAS
Tilbury Douglas' listing on the Stock Exchange will switch from the construction and building materials sector to the support services grouping on 19 June. The move is likely to boost Tilbury's share price. Amey, Jarvis and Porterhouse have already made the transition. Tilbury chairman Mike Bottjer said he was pleased the firm's "transformation into a provider of integrated services" had been recognised by the City.
WATES GETS BRISTOL CALL
Privately-owned Wates Construction has been awarded a £4.5m speculative office-building contract at Temple Quay, Bristol. The four-storey building will provide 2,790m2 of office space with basement car parking for Castlemore Securities. The project is due for completion in April 2001.
KVAERNER BUYS WHESSOE
Kvaerner Construction has bought Whessoe International from its German parent Babcock Borsig. Whessoe, based in Darlington, designs and procures liquefied natural gas (LNG) tanks. The move takes Kvaerner's share of the £630m-a-year world LNG market from 7% to 10%. Kvaerner and Whessoe are currently working together on the west coast of India on a £190m turnkey power station project.
DEWSBURY GETS FIVE YEARS
Dewsbury Civil Engineering has secured its third five-year maintenance contract with gas pipeline network owner Transco. The contract, worth £10m a year, involves mains replacement, service laying, repairs and maintenance of low and medium pressure pipes in Transco's Northern distribution zone which encompasses Northumberland, Cumbria, Durham, and Tyne and Wear.
SGB IN MANAGEMENT BUY-OUT RUMOUR
The directors of scaffolding supplier SGB are said to be lining up a £200m management buy-out. SGB faces a hostile £190m take-over bid by Harsco, an American rival. Mowlem floated SGB off in 1997 but retained a 51% stake. Mowlem's backing for the Harsco bid has angered SGB. Bob Stokell, SGB chief executive, has also instructed financial advisers Close Brothers to find a white knight bidder.
HEALTHY WIN FOR BIRCH
Birch Construction has been selected to build a large extension worth £5m for Springs Health Farm in Packington, Leicestershire. It is the third contract, the firm has secured from the health centre in the past four years. The extension will comprise a 25m swimming pool, extended gym, steam and sauna rooms, physiotherapy and rehabilitation facilities and 36 bedrooms.
CARILLION APPOINTS DICKENS
Carillion has appointed Roger Dickens as a non-executive director. Dickens was a non-executive director of Tarmac prior to Carillion's demerger in July 1999. He was deputy UK senior partner of KPMG until 1998. Among numerous other roles, Dickens is also chairman of the West Bromwich Building Society.
BURT STAYS IN TOUCH
Mike Burt will retain his links with the construction industry following his departure from the Treasury to the private sector last Friday. The former head of procurement, practice and development at the Treasury's Office of Government Commerce will remain a member of the Movement for Innovation board. He takes over as the chief executive of newly formed European Careers Systems, an internet jobs service for the private sector.
BOXTEXT: RELISTING FOR TILBURY DOUGLAS
Tilbury Douglas' listing on the Stock Exchange will switch from the construction and building materials sector to the support services grouping on 19 June. The move is likely to boost Tilbury's share price. Amey, Jarvis and Porterhouse have already made the transition. Tilbury chairman Mike Bottjer said he was pleased the firm's "transformation into a provider of integrated services" had been recognised by the City.
WATES GETS BRISTOL CALL
Privately-owned Wates Construction has been awarded a £4.5m speculative office-building contract at Temple Quay, Bristol. The four-storey building will provide 2,790m2 of office space with basement car parking for Castlemore Securities. The project is due for completion in April 2001.
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KVAERNER BUYS WHESSOE
Kvaerner Construction has bought Whessoe International from its German parent Babcock Borsig. Whessoe, based in Darlington, designs and procures liquefied natural gas (LNG) tanks. The move takes Kvaerner's share of the £630m-a-year world LNG market from 7% to 10%. Kvaerner and Whessoe are currently working together on the west coast of India on a £190m turnkey power station project.
DEWSBURY GETS FIVE YEARS
Dewsbury Civil Engineering has secured its third five-year maintenance contract with gas pipeline network owner Transco. The contract, worth £10m a year, involves mains replacement, service laying, repairs and maintenance of low and medium pressure pipes in Transco's Northern distribution zone which encompasses Northumberland, Cumbria, Durham, and Tyne and Wear.
SGB IN MANAGEMENT BUY-OUT RUMOUR
The directors of scaffolding supplier SGB are said to be lining up a £200m management buy-out. SGB faces a hostile £190m take-over bid by Harsco, an American rival. Mowlem floated SGB off in 1997 but retained a 51% stake. Mowlem's backing for the Harsco bid has angered SGB. Bob Stokell, SGB chief executive, has also instructed financial advisers Close Brothers to find a white knight bidder.
HEALTHY WIN FOR BIRCH
Birch Construction has been selected to build a large extension worth £5m for Springs Health Farm in Packington, Leicestershire. It is the third contract, the firm has secured from the health centre in the past four years. The extension will comprise a 25m swimming pool, extended gym, steam and sauna rooms, physiotherapy and rehabilitation facilities and 36 bedrooms.
CARILLION APPOINTS DICKENS
Carillion has appointed Roger Dickens as a non-executive director. Dickens was a non-executive director of Tarmac prior to Carillion's demerger in July 1999. He was deputy UK senior partner of KPMG until 1998. Among numerous other roles, Dickens is also chairman of the West Bromwich Building Society.
BURT STAYS IN TOUCH
Mike Burt will retain his links with the construction industry following his departure from the Treasury to the private sector last Friday. The former head of procurement, practice and development at the Treasury's Office of Government Commerce will remain a member of the Movement for Innovation board. He takes over as the chief executive of newly formed European Careers Systems, an internet jobs service for the private sector.
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