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.... Now ultra-high-net-worth individuals have displaced even the wealthy from Kensington; they in turn displace others to suburban areas, creating a domino effect that ripples out through the city, with the consequence that average-income earners and the poor move to the periphery or out of the capital altogether, which places pressure on housing and pushes up prices around the country. London’s skyline is being transformed by one of the greatest waves of new construction seen in the city, with plans for no fewer than 300 luxury residential towers. ... [Read full article on Guardian ]
Thursday 25th of May 2017 04:30:19 AM
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....During the 2016-17 financial year, the company invested over £3. 4 bn, which included £1bn on the construction of its new manufacturing plant in Nitra, Slovakia, and expansion at its UK sites. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 06:31:15 PM
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....8% growth recorded in the last quarter of 2016. The ONS added that the construction and manufacturing sectors showed "little growth", but said business services and finance "continued to grow strongly". ... [Read full article on BBC ]
Thursday 25th of May 2017 08:49:40 AM
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....Mr Puebla Ortiz used the proceeds from the sale to buy a truck. He expected to work as a private contractor during the plant's construction, but since the company cancelled its plans he has struggled to find regular high-paying work. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 11:00:17 PM
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....“To connect a battery project to the transmission network would be prohibitively expensive, but because we have the windfarm already in place, we can share the assets. It’s a huge cost-saving,” said Frank Elsworth, who is managing construction of the 22MW plant, the battery equivalent of 450 BMW i3 electric cars. ... [Read full article on Guardian ]
Sunday 21st of May 2017 10:21:59 AM
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.... There are already signs that property sales are cooling due to recently imposed curbs on residential purchases. If this continues, developers may begin to slow the pace of construction. ... [Read full article on Guardian ]
Wednesday 24th of May 2017 12:48:29 PM
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....Three of the six donors – Taylor, Bseisu and Temerko – attended meetings of the Conservatives’ Leader’s Group donor club, which offers dinners and drinks events with the prime minister and senior members of the cabinet in exchange for a £50,000 annual fee. According to the Conservatives’ 2017 manifesto, the Tories plan to aid the development of the decommissioning industry and the construction of the UK’s first ultra-deep water port. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 05:00:43 AM
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....Quinn is the former billionaire whose rise and fall while overborrowing from Anglo Irish personifies the collapse of Ireland’s Celtic Tiger economy. The 65-year-old County Fermanagh-born tycoon used to employ up to 5,000 people in construction and his family’s insurance corporation. ... [Read full article on Guardian ]
Wednesday 24th of May 2017 03:35:57 PM
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....8% in the fourth quarter of 2016. Growth in industrial production and construction output also slowed over the period, to 0. ... [Read full article on Guardian ]
Sunday 21st of May 2017 02:14:58 PM
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Latest Finance News related to Construction

UK economic growth estimate revised down image
Source : BBC [Read Article] Thursday 25th of May 2017 08:49:40 AM
....8% growth recorded in the last quarter of 2016. The ONS added that the construction and manufacturing sectors showed "little growth", but said business services and finance "continued to grow strongly". ...
The great London property squeeze image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:30:19 AM
.... Now ultra-high-net-worth individuals have displaced even the wealthy from Kensington; they in turn displace others to suburban areas, creating a domino effect that ripples out through the city, with the consequence that average-income earners and the poor move to the periphery or out of the capital altogether, which places pressure on housing and pushes up prices around the country. London’s skyline is being transformed by one of the greatest waves of new construction seen in the city, with plans for no fewer than 300 luxury residential towers. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
....Quinn is the former billionaire whose rise and fall while overborrowing from Anglo Irish personifies the collapse of Ireland’s Celtic Tiger economy. The 65-year-old County Fermanagh-born tycoon used to employ up to 5,000 people in construction and his family’s insurance corporation. ...
China's credit rating downgraded amid fears over slowing economy image
Source : Guardian [Read Article] Wednesday 24th of May 2017 12:48:29 PM
.... There are already signs that property sales are cooling due to recently imposed curbs on residential purchases. If this continues, developers may begin to slow the pace of construction. ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
....Mr Puebla Ortiz used the proceeds from the sale to buy a truck. He expected to work as a private contractor during the plant's construction, but since the company cancelled its plans he has struggled to find regular high-paying work. ...
Jaguar Land Rover posts record sales thanks to demand in China and US image
....During the 2016-17 financial year, the company invested over £3. 4 bn, which included £1bn on the construction of its new manufacturing plant in Nitra, Slovakia, and expansion at its UK sites. ...
Oil bosses have given £390,000 to Tories under Theresa May image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 05:00:43 AM
....Three of the six donors – Taylor, Bseisu and Temerko – attended meetings of the Conservatives’ Leader’s Group donor club, which offers dinners and drinks events with the prime minister and senior members of the cabinet in exchange for a £50,000 annual fee. According to the Conservatives’ 2017 manifesto, the Tories plan to aid the development of the decommissioning industry and the construction of the UK’s first ultra-deep water port. ...
'Ordinary' people image
Source : BBC [Read Article] Monday 22nd of May 2017 11:27:59 PM
....There are record numbers of people in work in the UK, but what exactly do they do and what might be on their minds when they head out to vote?. When politicians want to appeal to working people they tend to don hard hats and head to factories or construction sites. ...
Charging ahead: Welsh battery scheme may aid growth of green energy image
....“To connect a battery project to the transmission network would be prohibitively expensive, but because we have the windfarm already in place, we can share the assets. It’s a huge cost-saving,” said Frank Elsworth, who is managing construction of the 22MW plant, the battery equivalent of 450 BMW i3 electric cars. ...
Sports Direct recruiter Transline sold to rival Russell Taylor Group image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:16:24 PM
....”. Ben Russell, group chief executive of Russell Taylor Holdings – which recruits for construction, engineering, warehousing and manufacturing – said: “Transline has been a growing force within the industrial recruitment industry for nearly three decades. ...
London is still a global draw despite Brexit, says British Land image
Source : Guardian [Read Article] Wednesday 17th of May 2017 07:59:48 AM
....As the amount of new office space completed in London hit a 13-year high of 3. 9m sq ft in the last six months, construction work on new buildings slowed. ...
Mersey feat: world's biggest wind turbines go online near Liverpool image
Source : Guardian [Read Article] Wednesday 17th of May 2017 05:30:46 AM
....3m homes. Eight further projects already under construction will add more than half that capacity again. ...
Global stock markets: what's driving the record rises – and will they continue? image
....So what is driving the rise, and can it continue?. Over the weekend, the Chinese president, Xi Jinping, unveiled a plan to spend $124bn (£96bn) on infrastructure as part of a $900bn “Belt and Road” initiative, a global construction plan covering 65 countries, from Asia to the Americas via Africa and Europe. ...
How to build your grand design for a humble price image
Source : Guardian [Read Article] Sunday 14th of May 2017 06:00:08 AM
....”. In some custom-build projects the buyer can opt to do some of the construction themselves, but for most it’s about designing and creating their home and working with a builder. ...
China's Xi lays out $900bn Silk Road vision amid claims of empire-building image
....Xi told a different story on Sunday, painting what he called his “project of the century” as a bold and inclusive attempt to kickstart a new era of globalisation. In a 45-minute address, the Communist party chief vowed to throw his weight behind a global construction spree stretching all the way from Asia, across Europe and Africa, to the Americas. ...
Inside the new Battersea Power Station image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:00:41 AM
....The £9bn project to revamp the Grade II listed building – more than it cost to build the stadiums and stage the 2012 London Olympics – is the centrepiece of a mile-long development of offices and apartment towers on the south bank of the Thames stretching from Vauxhall to Chelsea bridge. After four years of construction, the development is now starting to take shape and the first 100 residents have just moved in to a luxury apartment complex alongside the main building, called Circus West Village. ...
Taylor Wimpey compensation offer is PR con, claim victims of leasehold scandal image
....Darbyshire is not alone. Sean Greenwood, who Guardian Money featured last November when we first revealed the extent of the ground rent scandal, says the construction giant should refund the £101,000 cost of the apartment his wife bought in Gornal on the edge of Dudley. ...
Improbable sums? Cambridge graduates' tech firm raises $500m image
Source : Guardian [Read Article] Friday 12th of May 2017 08:24:58 AM
....Narula was born in Delhi, India; he moved to the UK when he was three and attended Haberdashers’ Aske’s boys school. He taught himself to write code using C++ at 12 and chose to pursue a career in computing rather than entering the family construction business. ...
German economic growth speeds up image
Source : BBC [Read Article] Friday 12th of May 2017 06:50:04 AM
....4%. Household and state spending were strong, while firms invested money in construction and equipment, said German statistics authority Destatis. ...
Labour would scrap rises in pension age image
Source : BBC [Read Article] Thursday 11th of May 2017 02:59:31 PM
....That would rule out a rise to 67, to be implemented by 2028, as well as further rises to 68 and possibly 69 or 70. Labour leader Jeremy Corbyn believes people in physically demanding jobs, such as the emergency services, construction and prisons, should not have to work into their late 60s. ...
Brexit slowdown fears as industrial output falls and trade deficit grows image
....A 0. 7% fall in construction output in March added to the raft of weaker-than-expected data and reinforced fears that the UK economy is facing a renewed slowdown, as uncertainty about Britain’s future outside the UK takes hold. ...
UK industrial output falls in March image
Source : BBC [Read Article] Thursday 11th of May 2017 09:23:23 AM
. Activity in the UK's industrial and construction sectors shrank in March, new figures show. ...
New rules spark sharp rise in health and safety fines image
Source : BBC [Read Article] Monday 8th of May 2017 03:43:11 PM
.... . BLM said that as a sector construction had paid the most in fines, followed by manufacturing, leisure, logistics and transport, industrials and the public sector. ...
UK economy gets boost as service sector growth hits four-month high image
Source : Guardian [Read Article] Thursday 4th of May 2017 11:14:24 AM
....The UK economy has shown signs of picking up over recent weeks as strong demand from overseas helped offset moribund consumer spending at home, according to a survey that will welcomed by Theresa May’s government as next month’s election approaches. News that Britain’s services sector enjoyed its fastest growth for four months in April follows surveys earlier this week signalling similar improvements for the smaller manufacturing and construction industries. ...
UK service sector growth picks up in April image
Source : BBC [Read Article] Thursday 4th of May 2017 09:49:29 AM
....The services sector accounts for about three-quarters of the UK economy. Markit said the strong performance from the dominant sector, together with similarly upbeat surveys for construction and manufacturing, suggests the economy is currently growing at twice the pace than that seen in the first quarter of the year. ...
Buy a home, get a car free: offers galore as London estate agents struggle to sell image
....Free furniture packages worth up to £20,000, John Lewis vouchers, and free three-year travel passes have all been offered to potential buyers in other developments across the capital. Property agent Henry Pryor estimates that there is a pipeline of 59,000 high-end apartments under construction in London alone, yet annual sales of new-build flats in the city are only 6,000. ...
Half of us aren't happy to discuss mental health at work image
Source : BBC [Read Article] Tuesday 2nd of May 2017 11:02:25 PM
....Despite his dreadful experience, Oliver is one of the lucky ones. His employer at the time was the construction firm, Laing O'Rourke; he was working on the Crossrail project in London. ...
UK manufacturing records fastest growth for three years, figures show image
....A reading above 50 shows growth while one below indicates it is contracting. The measure for manufacturing only briefly fell below that no-change mark in the wake of last June’s vote to leave the EU but then recovered along with readings for the construction industry and the much larger services sector. ...
Where oil rigs go to die image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 04:30:18 AM
.... Winner’s port-side pontoon was sliced up and trucked away in the first days of January. Very likely, by this point, there were swirls of the rig’s old steel in the refashioned blocks and beams that were leaving the local foundries, to be sold on for use in construction projects around the Turkish interior. ...
Australian government to build second Sydney airport image
Source : BBC [Read Article] Tuesday 2nd of May 2017 02:52:03 AM
...."The airport will be a major catalyst for jobs and economic growth in western Sydney, injecting more than A$1. 9bn into the economy during the construction phase alone," he said on Tuesday. ...
Nuclear oversight needs 'urgent' action, MPs say image
Source : BBC [Read Article] Monday 1st of May 2017 11:24:39 PM
....". In March the first concrete was poured at Hinkley Point C in Somerset, which marked the construction of Britain's first new nuclear power plant in more than 20 years. ...
UK GDP growth slower than expected as inflation bites image
Source : Guardian [Read Article] Friday 28th of April 2017 02:33:56 PM
.... They had started to recover a little between 2014 and 2016, but rising inflation linked to the fall in the value of the pound since the EU referendum has put a stop to that modest recovery,” said IFS senior research economist Jonathan Cribb. The ONS figures showed industrial production and construction output also slowed in the first quarter. ...
Has the US started a lumber trade war with Canada? image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:29:49 PM
.... . Softwood lumber products, like pine, fir and spruce, are mainly used in the construction of single family houses. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....2% at 21,012. US markets were also supported by better-than-expected results from a number of major companies, including construction equipment group Caterpillar, which is also likely to benefit from Trump’s promised infrastructure spending, and burger chain McDonald’s. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
.... Geologically speaking, he was right, even if Genel’s own reserves have had to be written down. One of the big challenges was getting the oil to market but that has been solved by the construction of a pipeline to Turkey. ...
Foster + Partners plans redundancies after Brexit uncertainty image
Source : Guardian [Read Article] Monday 24th of April 2017 03:20:53 PM
. Britain’s largest architectural firm, Foster + Partners, plans to lay off nearly 100 people, and blamed the uncertainty around construction projects caused by last summer’s Brexit vote. ...
HS2 is on its way but bid troubles and snap election could still derail project image
....The most concrete signs that HS2 is happening can be seen on the fringes of the London terminus: nine new blocks of flats, paid for by HS2, are taking shape to rehouse displaced residents, nearly all within 10 minutes’ walk of their old homes. But, points out Battershill, the construction is squeezed into the spaces between existing blocks, and even above school buildings. ...
Reactor goes here ... the £18bn Hinkley Point C starts to take shape image
Source : Guardian [Read Article] Friday 21st of April 2017 01:05:27 PM
....Only nine months ago the entire £18bn Hinkley project was at risk, after Theresa May ordered a review into China’s involvement. But since the French state-owned firm and UK government signed a generous 35-year subsidy deal in September, construction has started in earnest. ...
'Nearly half' of firms had a cyber-attack or breach image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:36:10 AM
....The report also highlighted some unusual cybersecurity cases. It said a large materials supplier for the construction industry faced "significant and ongoing" attacks, despite not having any e-commerce activities of its own. ...
Guardians of the home image
Source : BBC [Read Article] Monday 17th of April 2017 11:15:19 PM
....Mr Persolja started the business after thinking his car had been stolen. It turned out his car had only been moved to make way for construction work taking place in the area. ...
Brazil's Odebrecht to pay $2.6bn fine for corruption image
Source : BBC [Read Article] Monday 17th of April 2017 05:35:57 PM
.... . In Brazil, Latin America's largest construction company was one of a group of contractors alleged to have conspired with politicians and oil company executives to take billions in bribes and kickbacks from Petrobras. ...
White van nation: meet the drivers behind the on-demand economy image
Source : Guardian [Read Article] Saturday 15th of April 2017 06:00:17 AM
....Who’s inside them, these millions of Renault Masters, Volkswagen Crafters, Fiat Doblòs, Iveco Dailys? In a recent government survey of the labour force, 251,000 people identified van-driving as their main occupation, up 50,000 on the year before. But when politicians and the press use the phrase “white van man” (most recently in a row over proposals to raise the cost of national insurance), it’s meant to suggest a more substantial body of people: the construction workers, entrepreneurs, traders and small business owners who run disparate enterprises out of a van’s rear doors. ...
Brazil graft probe focuses on World Cup football stadiums image
Source : BBC [Read Article] Saturday 15th of April 2017 12:34:38 AM
. Testimony released by the Brazilian Supreme Court alleges that builders and politicians illegally profited from the construction of stadiums used in the 2014 football World Cup. ...
Falling US retail sales cast doubt on further Fed interest rate rise image
Source : Guardian [Read Article] Friday 14th of April 2017 04:34:01 PM
....3% in February. Sales were also hurt by lower demand for building materials in March, chiming with a sharp slowdown in construction hiring as parts of the US were hit by severe snowstorms. ...
Toshiba's US nuclear problems could provide cautionary tale for UK image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....The absence of a mass production supply chain, due to the small number of the Westinghouse-designed reactors being built, played a part too, he added. Regulatory issues had also delayed construction. ...
UK firms 'struggling to recruit staff' image
Source : BBC [Read Article] Thursday 13th of April 2017 01:07:25 AM
...."Another emerging issue is whether firms can continue to get workers from overseas both in the run-up to, and after, Brexit," he added. "Industries like hospitality and construction are heavily dependent on EU workers. ...
Multi-skilled image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:33:04 PM
....Mr Chan says he uses similar skills in both professions. When shooting in black and white, he sees "light and composition which helps my day job, when performing a breast reconstruction, as you appreciate light and form in the same way". ...
Toshiba warns over its survival as it forecasts £7bn losses image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:36:52 PM
. Toshiba, one of the biggest names in consumer electronics, has warned it is facing annual losses of more than £7bn and the future of the company is in doubt as a result of financial turmoil at its nuclear power plant construction business. ...
Toshiba files unaudited results and says future is in doubt image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:33:57 AM
...."There are material events and conditions that raise substantial doubt about the company's ability to continue as a going concern," the company said in a statement. The electronics-to-construction giant reported a loss of 532bn yen (£3. ...
US gained only 98,000 jobs in March, putting a chill on Trump's promises image
....Most of the growth was in small businesses, which added 118,000 jobs. Goods-producing industries, including construction and manufacturing, added 82,000 jobs. ...
Pound falls on weak UK economic data image
Source : BBC [Read Article] Friday 7th of April 2017 11:52:23 AM
....Official figures showed industrial output fell by 0. 7% in February from the month before, while construction output shrank by 1. ...
UK industrial output falls in February image
Source : BBC [Read Article] Friday 7th of April 2017 09:27:16 AM
. Activity in the UK's industrial and construction sectors shrank in February, new figures show. ...
Competition watchdog to examine warranties for new homes image
Source : Guardian [Read Article] Friday 7th of April 2017 06:30:36 AM
....A survey published by the House Builders Federation revealed that 98% of customers have reported snags or defects with their home since moving in a year ago, up from 93% last year. Philip Waller, a retired construction manager who runs the campaign website brand-newhomes. ...
Plans for £130m Stansted Airport arrivals terminal approved image
Source : BBC [Read Article] Thursday 6th of April 2017 10:48:19 AM
....The 34,000 sq m (365,972 sq ft) building will sit alongside the existing terminal, which will be redeveloped into a departures-only site, with more space at check-in and security. The new site, which will include larger immigration and baggage reclaim areas, will take three years to build once construction starts at the end of 2018. ...
Is there a housing bubble or isn't there? | Greg Jericho image
Source : Guardian [Read Article] Wednesday 5th of April 2017 02:00:07 PM
....And interestingly, there has also been in that time a supply boom – especially in apartments and flats:. The boom in apartment construction came at a time when our migrant intake began to fall. ...
Scottish economic output falls by 0.2% image
Source : BBC [Read Article] Wednesday 5th of April 2017 12:20:57 PM
....7% for the UK as a whole. Scottish government statisticians found output was flat in the service sector - and down in production and construction, by 0. ...
UK services sector expands at fastest rate this year image
Source : Guardian [Read Article] Wednesday 5th of April 2017 11:24:50 AM
....The Markit/CIPS survey found some companies reporting Brexit-related uncertainty holding back investment decisions. Ruth Gregory, a UK economist at Capital Economics, said the service sector survey – taken together with similar reports for manufacturing and construction – pointed to the economy growing at 0. ...
UK services sector beats forecasts buoyed by new work image
Source : BBC [Read Article] Wednesday 5th of April 2017 09:28:30 AM
.... . Despite the rise in services activity, data out earlier this week showed that growth in the manufacturing and construction sectors eased in March. ...
Galliford Try abandons Bovis takeover image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:38:06 AM
....The previous chief executive of Bovis, David Ritchie, stepped down in January, less than two weeks after the company warned of disappointing profits. The company said profits for 2016 would be lower than initially expected, because of delays in the construction of some homes. ...
McCarthy & Stone blames Brexit for tumbling profits image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:05:36 AM
.... . The construction firm said pre-tax profits fell to £21. ...
Tesla closes in on General Motors as most valuable US carmaker image
Source : BBC [Read Article] Tuesday 4th of April 2017 05:33:05 PM
.... . Tesla is also expanding its production of batteries for household and commercial buildings at a giant new $5bn factory currently under construction in Nevada. ...
Toshiba forced to buy 40% of UK's NuGen image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:16:02 PM
.... . In December it emerged that it faced a heavy one-off loss linked to a deal done by Westinghouse, which had bought a nuclear construction and services business from Chicago Bridge & Iron (CB&I) in 2015. ...
The property billboards that reveal the truth about Britain’s luxury housing market image
....”. As developers compete for attention with ever-more elaborate pieces of “placemaking”, construction hoardings have become a parody of themselves, a phenomenon recorded in all its surreal glory on the Development Aesthetics blog. ...
Clean sailing image
Source : BBC [Read Article] Monday 3rd of April 2017 11:00:18 PM
....Multi Maritime, which designed the ferries, welcomes the growth in demand. "Several years of investment in sustainable technologies have resulted in us having more than 10 fully electric and plug-in hybrid ferries under construction by several yards," says Gjermund Johannessen, managing director. ...
EU financial centres vie to poach tens of thousands of City jobs image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....London’s rival financial centres are lobbying their governments to support bids to steal tens of thousands of jobs from the City, according to a report on the impact of Brexit on the UK capital. The report found that financial firms in Paris, Frankfurt and Dublin are pushing politicians to relax domestic business regulations and permit new office construction as they seek to steal “low-hanging fruit” from London. ...
As demand rises, the reputation  of new-build homes is crumbling image
Source : Guardian [Read Article] Sunday 2nd of April 2017 05:59:46 AM
.... One of the UK’s largest developers, Bovis, recently set aside a £7m fund to repair substandard homes and announced it would scale back its projects after claims it paid purchasers to move into unfinished homes to meet completion targets. “Standards are falling all the time as demand from shareholders takes priority over quality,” says Phil Waller, a retired construction manager who runs advice and campaigning website brand-newhomes. ...
Congested, polluted and with car jobs at risk, Stuttgart reaches a crossroads image
....But Stuttgart has an immediate car problem. Surrounded by the steep hills of the Neckar valley, it is plagued by congestion, the worst air pollution in Germany and the construction of one of Europe’s biggest infrastructure projects, a €6bn railway station. ...
First concrete poured at Hinkley C nuclear power plant image
Source : BBC [Read Article] Thursday 30th of March 2017 11:14:53 PM
. The first concrete has been poured in the construction of Britain's first new nuclear power plant in more than 20 years. ...
Trump's Keystone XL pipeline plan faces legal challenge image
Source : BBC [Read Article] Thursday 30th of March 2017 08:36:29 PM
....The state's elected Public Service Commission will decide whether it believes the project serves a public interest, after reviewing evidence presented at a public hearing. TransCanada says the pipeline will create 13,000 jobs over two years, but opponents argue the vast majority of these jobs will be short-term work in the construction phase. ...
Westinghouse bankruptcy move casts shadow over world nuclear industry image
Source : Guardian [Read Article] Wednesday 29th of March 2017 08:20:19 AM
....” He added that he felt a “great responsibility” over the financial losses. Westinghouse and Toshiba said they were “working cooperatively” with the utilities that own its US projects at Plant Vogtle in Georgia and Virgil C Summer in South Carolina, to ensure construction continues. ...
Toshiba's Westinghouse files for US bankruptcy image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:15:32 AM
....It added that it "cannot comment on specific financial issues relating directly to Toshiba or Westinghouse". Last month, Toshiba said it would continue to work on the development of Moorside, but would not be involved in its construction. ...
UK nuclear plans could be hit by Westinghouse financial crisis image
Source : Guardian [Read Article] Tuesday 28th of March 2017 06:47:55 PM
....Westinghouse is a behemoth in the world of nuclear vendors, with its technology in about half the world’s reactors. But it is facing a writedown of billions of dollars over its acquisition of a nuclear construction and services business. ...
Trump is wrong to criticise Germany over trade – he should look closer to home image
.... Interest rates in Italy, Spain and Portugal fell by about five percentage points, and in Greece by roughly 20 percentage points. The cheap foreign credit brought about by the euro enabled these countries’ governments and construction sectors to raise wages faster than productivity increased, thereby pushing up prices and undermining the competitiveness of their manufacturing sectors. ...

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