Balfour Beatty has announced that existing shareholders have bought 97 per cent of 199.5 million new shares created to buy Parsons Brinckerhoff, with the remaining 6 million bought by other investors.

Engineering and construction group Costain has announced  that its forward order book has increased further to a new record level of £2.7 billion, up from £2.5 billion at 30 June 2009.

Thames Water has confirmed that it is unlikely to choose a contractor this year for the construction of the planned £400 million, seven kilometre Lee Tunnel.

IWO (Institution of Water Officers), the only professional body that is dedicated to supporting the careers of people working in the UK water industry, is being renamed the Institute of Water.

Further to last week’s £17.9m fine (the largest of any imposed on the 103 companies) imposed on Kier by the OFT arising from its investigation into cover-pricing in the construction industry, in a detailed statement Kier said it was further considering its position.

Balfour Beatty, the international engineering and construction professional services and investment group, has confirmed that it is to acquire Parsons Brinckerhoff inc., one of the world’s leading professional services companies, for US $626 million - around £380 million.

Kier Group has announced its preliminary results for the year to 30 June 2009. The Group reported “good results against the backdrop of a very challenging economic climate”.

A £4.5m scheme that involved engineers battling with the second strongest tidal range in the world has been completed reducing the risk of flooding in Bristol city centre.