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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.

Thursday, 15 October 2009 00:00

Delay in prospect for Thames Water tunnel

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.

Thursday, 15 October 2009 00:00

IWO renames as part of modernisation programme

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.

Thursday, 17 September 2009 00:00

Balfour Beatty acquires Parsons Brinckerhoff

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”.

Wednesday, 16 September 2009 00:00

Engineers keep flooding scheme afloat

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.

Interserve, the services, maintenance and building group, has secured a place on Severn Trent’s £40 million property framework, alongside two other contractors.

Northern Ireland Water (NI Water) is investing £1.8m in north Armagh by providing a new Wastewater Treatment Works (WwTW) with increased treatment capability.

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