Construction & property news
- Atlantia says its digital toll-road payment subsidiary, Telepass, is not seeking state-backed loans.
- ADR and Autostrade per 1’Italia applied for £1.34 billion government support last month.
- Atlantia posts a 54.1% decline in motorway and 97.7% decline in airports traffics last week.
Features & analysis
Caterpillar stock price erases earlier losses as Morgan Stanley downgrades to “underweight”
Shares of Caterpillar (NYSE:CAT) have erased morning’s losses after Morgan Stanley downgraded the stock from “equal weight” to “underweight” citing increasing downside risks. Fundamental analysis: MS downgrades the stock Morgan Stanley downgraded Caterpillar stock today to “equal weight” on the back of the “increased risks of a multi-year downturn in spending in the non-residential constructio...
Latest Construction & property news
In its statement on Monday, Ashtead Group (LON: AHT) warned that its annual profit is expected to come in weaker than last year. The equipment rental firm cited Coronavirus shutdowns for a significant decline in demand that pushed the company into withdrawing an additional £402 million loan. In the year that ends on April 30th, Ashtead forecast £1.05 billion in underlying pretax profit. The company had recorded £1.11 billion in...
In its announcement on Thursday, Redrow (LON:RDW) said that the Bank of England (BoE) has approved the UK housebuilder for its emergency financing scheme. The company also said that 80% of its employees have now been placed on government-sponsored furloughs. Redrow is the first of the top UK housebuilders to have received the approval from the BoE. According to the company, the COVID Corporate Financing Facility (CCFF) scheme will provide £...
Company makes positive start to 2019
Updates come amid worries over Help to Buy scheme
Housing secretary reviewing housebuilder’s participation in government scheme
Cevian Capital takes advantage of recent market turbulence
With Brexit negotiations in the UK stalling, many in the UK are becoming frustrated and believe the government should just “get on with it” and reach an agreement.
Housebuilder updates investors on third-quarter performance
Atlantia shares rise as it completes joint deal with ACS, to buy Abertis toll road operator, for €16.5 billion.
Skanska shares are lower Friday, after the Swedish-based builder announced a fresh US writedown related to two private partnership projects.
Blue-chip housebuilder sees highest volumes in decade
DIY business sold for total consideration of €510 million
DoJ requirement is a condition of group’s planned acquisition of Pounding Mill Quarry
Housebuilder delivers ‘peak’ performance in 2018/18
Move follows group’s announcement to merge some units
Blue-chip group to establish new global Building Products division