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Latest Finance News related to Engineering Firm

Heathrow hotel operator drafts £6.7bn cheaper third runway plan image
Source : Guardian [Read Article] Sunday 9th of July 2017 02:42:29 PM
....Urging the government to consider the revised scheme, Arora, a group worth £258m whose owners – Surinder Arora and family – are new entrants to the 2017 Sunday Times Rich List, said it would also improve parking proposals and reduce the site area by 20%. The plans were created with a team of consultants including the US engineering firm Bechtel. ...
Fuel savers image
Source : BBC [Read Article] Wednesday 5th of July 2017 11:12:32 PM
.... . Chinese tech giant Huawei and Singaporean engineering firm Keppel recently announced that they have teamed up for a new AI-powered project. ...
Rolls-Royce vows to protect 7,000 jobs with £150m investment image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:04:16 AM
....Rolls-Royce has pledged to protect 7,000 engineering jobs in the east Midlands as part of a £150m investment, its largest single outlay in the UK for more than a decade. The engineering firm struck a deal with trade unions that will safeguard work for nearly a third of its 22,300-strong UK workforce for five years, as it prepares to double the number of engines it builds. ...
Complex chain of companies that worked on Grenfell Tower raises oversight concerns image
....Grenfell Tower appeared among the case studies listed on a section of Artelia’s website headed “cost management” on Thursday morning but had disappeared by the end of the day. The building services engineering firm Max Fordham was also commissioned as a specialist consultant, according to the report. ...
German firms grapple with UK poll result image
Source : BBC [Read Article] Friday 9th of June 2017 11:19:21 AM
....Yet the reaction has not been unanimously favourable. Some, including the quietly influential VDMA - which represents German engineering firms, said they feared a hung parliament or minority government would derail negotiations for months, or kick them into the long grass, leading to far greater uncertainty. ...
Is deep sea mining vital for a greener future – even if it destroys ecosystems? image
....”. “Everyone is watching anxiously for Nautilus,” says Henk van Muijen, at Royal IHC, a Dutch marine engineering firm. ...
Bumper bonus: four directors grab £40m each in City payday image
Source : Guardian [Read Article] Wednesday 31st of May 2017 11:58:59 AM
....The four top directors at UK turnaround specialist Melrose Industries are to share a bonus pot of £160m in one of the biggest corporate paydays in the City. The UK-listed engineering firm said on Wednesday it would pay out share bonuses to its three co-founders and the finance chief under a five-year incentive plan, which was approved by investors in 2012. ...
Accounting watchdog to investigate KPMG over Rolls-Royce audit image
Source : Guardian [Read Article] Thursday 4th of May 2017 07:22:01 AM
....”. As in 2016, the engineering firm expects to make most of its profits in the second half of the year, and they are likely to be similar to last year. ...
HS2 is on its way but bid troubles and snap election could still derail project image
....HS2’s chairman, Sir David Higgins, and the transport secretary, Chris Grayling, denied there was any advantage or wrongdoing, although new procedures to scrutinise bids are to be put in place. But the controversy shone an uncomfortable light on HS2, which is “fishing in a small pool”, as Grayling put it, of highly paid executives from engineering firms, with £8. ...
You're hired? New levy and tougher rules signal apprenticeship shakeup image
....One of the companies working with GET is Renishaw. The engineering firm needs a steady supply of skilled workers for its very specialised work in making products for dentistry, brain surgery and advanced manufacturing. ...
Flawed nuclear tender sees £100m payout to firms image
Source : BBC [Read Article] Monday 27th of March 2017 11:52:11 AM
....1bn contract, awarded in 2014, is being terminated nine years early. The move hit shares in the UK engineering firm Babcock International, which headed the group that won the decommissioning deal. ...
Dyson 'enormously optimistic' about post-Brexit trade image
Source : BBC [Read Article] Monday 27th of March 2017 06:01:32 AM
....The billionaire, who was a prominent backer of Brexit, told the BBC he was "enormously optimistic" about trading with the rest of the world. His comments came as his engineering firm Dyson reported a 41% increase in profits to £631m. ...
Women make up less than a quarter of UK boardrooms image
Source : Guardian [Read Article] Monday 27th of March 2017 04:00:49 AM
....Companies with equal numbers of female and male directors, or with female-led boards, were rare at not quite 4%, not much higher than the 2% found in 2013. The six companies that were female-led included a co-operative, a pharmaceutical group, a manufacturing company, an electronics company, an engineering firm and an information technology service provider. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
....A source close to the company said none of the directors had ever sold any of their shares in Melrose, except to satisfy tax bills. The company has also returned more than £3bn to investors, who approved the pay plan in 2012, by taking over struggling engineering firms, sprucing them up and selling them on. ...
Comma comeuppance: When rogue punctuation proves costly image
Source : BBC [Read Article] Friday 17th of March 2017 09:44:01 AM
....We're guessing the trader's bonus wasn't great that year. Officials at Companies House - the official UK register of businesses - led to the demise of a Welsh engineering firm after a spelling mistake. ...
Love your job image
Source : BBC [Read Article] Monday 27th of February 2017 12:19:58 AM
....The career path many of us embark on could be described as follows: learn the job, do the job, get promoted, become a manager - and perhaps stop doing the job that we've actually got quite good at. In some cases that promotion might come after what Clive Hutchinson, the owner of engineering firm Cougar Automation, calls "the tap on the shoulder". ...
VW strikes another US emissions scandal deal image
Source : BBC [Read Article] Tuesday 20th of December 2016 09:10:52 PM
....In a separate filing, California's government said the company would increase the number of electric vehicles it sells in the state. Robert Bosch, the German engineering firm that made the software for the VW diesels, has also agreed in principle to settle civil allegations at a cost of about $300m. ...
Smart gloves, clever belts image
Source : BBC [Read Article] Tuesday 20th of December 2016 12:18:36 AM
.... It costs €1,300 (£1,095; 1,350). Other companies using the glove include rival car makers Audi and Skoda, and precision engineering firm Festo. ...
Poo power image
Source : BBC [Read Article] Wednesday 16th of November 2016 12:13:10 AM
.... . The machine, created by US engineering firm Janicki Bioenergy, converts sewage into drinking water and electricity, while creating ash as a by-product. ...
Boats and bananas image
Source : BBC [Read Article] Friday 11th of November 2016 12:15:03 AM
.... At 300m (984ft), the Atlantic Sea, owned by Atlantic Container Line, is the length of three football pitches put together and can carry 3,800 containers and 1,300 vehicles. Meanwhile, global engineering firm Rolls-Royce is working on unmanned "drone ships" that can be operated via a land-based control centre. ...
OneSubsea: 600 jobs at risk at Leeds engineering firm image
Source : BBC [Read Article] Wednesday 5th of October 2016 11:31:13 AM
. Up to 600 jobs are under threat at an oil and gas engineering firm in West Yorkshire. ...
HEALTH insurance could be the PROTECTION we need the most image
Source : Daily Express [Read Article] Sunday 2nd of October 2016 02:28:00 PM
....Self-employed couple Emma and Andrew Warren, both 49, have taken action to protect their family finances in case of illness. Emma, who runs jewellery and camping businesses, and Andrew, who owns a precision engineering firm, want to be sure sons James, 14, and Fergus, 12, are properly protected. ...
UK should leave EU single market, says James Dyson image
Source : BBC [Read Article] Tuesday 13th of September 2016 11:03:40 PM
....Sir James Dyson tells the BBC's Kamal Ahmed why he isn't concerned about Britain's relationship with the rest of the EU following the country's decision to leave the union. The founder of the engineering firm says leaving the European Union will liberate the country's economy. ...
How to build a train - in 30 secs image
Source : BBC [Read Article] Friday 29th of July 2016 08:19:09 AM
. Timelapse footage shows how the new trains for London's Crossrail project are built by the engineering firm Bombardier. ...
Insurer launches UK's 'first driverless car policy' image
Source : Guardian [Read Article] Tuesday 7th of June 2016 03:42:00 PM
.... The first trial of self-driving cars in public pedestrianised areas is with the Lutz Pathfinder in Milton Keynes. It involves electric two-seater pods made by the Coventry-based engineering firm RDM and equipped with autonomous control systems developed by the University of Oxford’s mobile robotics group. ...
Shareholder Spring II: bosses prepare for AGM pay revolts image
Source : Guardian [Read Article] Saturday 30th of April 2016 03:00:28 PM
....Boardroom bosses will be trying to gauge whether the revolts, which got this year’s season off to a blistering start, can be maintained. With BP and Smith & Nephew still reeling from No votes at the start of April, Shire Pharmaceuticals and fellow FTSE 100 member CRH were last week rebuked by investors, while in the FTSE 250, engineering firm Weir had to abandon plans to issue shares to its directors after a resounding protest. ...
‘Steel runs through the veins’: Teesside suffering profound loss of identity image
....Peter Nelson, 56, recently signed on for the first time. A machinist at an engineering firm in Redcar, he was one of thousands who lost their jobs after the collapse of the town’s steel industry. ...
Port Talbot steelworks closure would be fatal short-termism | Letters image
Source : Guardian [Read Article] Thursday 31st of March 2016 06:30:29 PM
....There is a very real danger that the lost British steel will be replaced by imported Chinese steel of an inferior quality. I can cite as an example a British engineering firm whose American owners decided to import Chinese components for the products they produced. ...
Dyson launches Pure Cool Link air purifier to clean up household air image
Source : Guardian [Read Article] Wednesday 30th of March 2016 11:01:36 PM
. Dyson’s new Pure Cool Link air purifying fan promises to clean up the air in your home, but also marks the first step of the British engineering firm into the Internet of Things. ...
City News: High street renting, Challenger, Birchbox and Emails image
Source : Daily Express [Read Article] Sunday 27th of March 2016 12:01:00 AM
....He said that London Stock Exchange-listed Challenger Acquisitions will look to raise the money by issuing new shares later this year, to help finance its plans to build giant observation wheels around the world. Challenger is best known for its Starneth subsidiary, which is the engineering firm headed by London Eye designer Chiel Smits. ...
Tata Scottish steel works rescued by Liberty House image
Source : Guardian [Read Article] Thursday 24th of March 2016 02:36:46 PM
.... He wants to buy old plants that once made steel from raw materials and convert them to recycle scrap steel into products for use by engineering businesses. Gupta has already bought an advanced engineering firm from collapsed steel firm Caparo and is eyeing more such acquisitions to feed recycled steel. ...
Liberty House tycoon vows to revive British steel industry image
Source : Guardian [Read Article] Tuesday 22nd of March 2016 05:15:53 PM
....Liberty House bought an advanced engineering business in the Midlands from collapsed steel firm Caparo last year. And Gupta said steel firms could survive by funnelling recycled scrap steel to engineering firms such as these. ...
Chinese smog helps Dyson's sales image
Source : BBC [Read Article] Monday 21st of March 2016 10:40:42 AM
. Sales at the engineering firm Dyson rose by more than a quarter in 2015, helped by a tripling of sales in China. ...
Business News: MoneySupermarket, LSE, Vectura, Smiths Group image
Source : Daily Express [Read Article] Thursday 17th of March 2016 07:13:00 AM
....------------------------------------------------------------------------------------------------------------------------------. HEALTHY demand for its detection equipment by customs and border protection officials boosted half-year profit at technology and engineering firm Smiths Group. ...
EDF's Hinkley Point nuclear nightmare adds to company's woes image
Source : Guardian [Read Article] Monday 7th of March 2016 11:40:19 AM
....The French government has in effect demanded that EDF take over Areva – putting even more pressure on EDF’s finances. Areva has designed the proposed new Hinkley reactors and was meant to be lined up to win some of the biggest contracts there much to the frustration of British engineering firms. ...
How business votes: from indyref to Brexit image
Source : BBC [Read Article] Wednesday 17th of February 2016 11:56:56 AM
....Weir Group did that in 2014, commissioning a study from Oxford Economics. (It didn't say much new, but it said it with an authority and detachment that the Glasgow engineering firm itself did not have. ...
Safety systems maker cuts accident risk for construction firms and hauliers image
Source : Daily Express [Read Article] Tuesday 16th of February 2016 05:41:00 PM
....”. Components, both specially designed and off the shelf, are purchased from China and UK engineering firms, then assembled at Spillard’s Wolverhampton factory. ...
Thousands of TalkTalk fraud victims denied compensation image
Source : Telegraph [Read Article] Sunday 17th of January 2016 07:01:28 AM
.... . A TalkTalk spokesperson said: “We’re sorry to hear that a former TalkTalk customer, Mr Nash, was the victim of scammers after receiving a visit from a third party engineering firm used by TalkTalk and other telecoms providers. ...
What lifting Iran sanctions means for world markets image
Source : BBC [Read Article] Saturday 16th of January 2016 09:20:18 PM
...."If we can't convince any big banks to provide us with big amounts, we have to look for a large number of smaller banks," says Mr Tockuss, whose chamber members managed to keep doing business with Iran, thanks to small German banks with no exposure to the US market. But such "micro-financing" could prove inadequate for large-scale projects like the overhaul of Iran's railway system by engineering firm Siemens, or the purchase of large passenger aircraft from Airbus. ...
UK construction sector ends 2015 on a high note image
Source : Guardian [Read Article] Tuesday 5th of January 2016 12:39:38 PM
....”. Infrastructure spending on flagship projects including the Thames Tideway and Hinkley Point nuclear power station are expected to give more work to civil engineering firms over the next few years. ...
New blow for Rolls-Royce as top backer loses faith image
Source : Telegraph [Read Article] Saturday 19th of December 2015 05:30:08 PM
.... Within a month of Warren East taking the helm at Rolls at the start of July, US firm ValueAct revealed it had bought a stake in Rolls that it last month doubled to just over 10pc. The activist, Rolls’s biggest investor, is pushing for a board seat and its manoeuvring has divided opinion among the engineering firm’s other shareholders. ...
Rolls-Royce shares fall over nationalisation contingency plan image
Source : Guardian [Read Article] Monday 14th of December 2015 07:18:41 PM
. Concerns are growing over the future of Rolls-Royce after it emerged the government has drawn up contingency plans to nationalise part of the power systems engineering firm if the crisis facing it worsens. ...
Heathrow to press ahead with third runway contracts despite Government's 'gutless' indecision image
.... The airport revealed in October that it planned to award contracts, worth as much as £5m, to designers, architects and other suppliers in January, to help it with the work required to secure planning consent for expansion. Big engineering firms are in the running to be appointed by Heathrow. ...
Investor sells Rolls-Royce stake image
Source : BBC [Read Article] Wednesday 9th of December 2015 08:37:09 PM
. Star fund manager Neil Woodford has sold his stake in the engineering firm Rolls-Royce, saying he has lost his confidence in the business model. ...
Volkswagen takes €20bn loan as emissions crisis deepens image
Source : Guardian [Read Article] Wednesday 2nd of December 2015 04:36:29 PM
....”. VW’s links to the Porsche family extend to 1937, when Ferdinand Porsche’s engineering firm designed the VW Beetle for Adolf Hitler’s Nazi party. ...
Brazil's Petrobras scandal investigators will also scrutinize Olympic contracts image
....5 billion) worth of venues and infrastructure needed for the Olympics in Rio. Privately held Odebrecht SA, Latin America’s largest engineering firm, is involved in over half of all Olympic projects by value, according to contracts reviewed by Reuters. ...
Rolls-Royce woes spread to car brand image
Source : Telegraph [Read Article] Sunday 15th of November 2015 09:45:38 PM
....” . Last week, the engineering firm lowered its full-year profit outlook to between £1. ...
Nodder is hopeful on NI manufacturing image
Source : BBC [Read Article] Sunday 15th of November 2015 09:16:27 AM
....More than 1,000 redundancies have been announced in the last two weeks. Tyre manufacturer Michelin is to close its County Antrim factory and engineering firm Caterpillar will reduce its Northern Ireland operation. ...
The skyscraper at the heart of the debate over America’s green building standard image
....As Leed caught on with architects and developers, green building gradually moved from being a specialty to being a common practice. Elias Dagher, senior principal at Dagher Engineering, a green engineering firm based in New York, says: “Leed is becoming mainstream – most engineering and architecture firms are equipped to do Leed work. ...
UK construction data cheers markets and bolsters sterling image
Source : Guardian [Read Article] Tuesday 3rd of November 2015 12:23:40 PM
....“The latest rise in incoming new work was the steepest since October 2014, with construction companies highlighting new project wins from both public and private sector clients,” it said. A slow recovery among civil engineering firms dragged down the overall growth figure for the sector, which slowed in October after hitting its fastest pace in six months in September. ...
A ‘fresh start’ helps Smiths Group climb the FTSE 100 image
Source : Telegraph [Read Article] Wednesday 21st of October 2015 02:51:49 PM
.... . Citigroup issued a bullish note on the engineering firm, lifting the stock’s rating to “buy”, as it believes the appointment of Andrew Reynolds Smith as the group’s chief executive in July will provide a “fresh perspective” to address the company’s corporate strategy. ...
The firm that bridged the world image
Source : BBC [Read Article] Friday 2nd of October 2015 11:56:55 PM
....So how, when he did eventually make it to Teesside as part of his Thirty Years Tour, did he introduce himself to the men and women of Middlesbrough?. By expressing his admiration for engineering firm Dorman Long - gone from Teesside but not forgotten. ...
Five questions about the VW emissions scandal that won’t go away image
Source : Telegraph [Read Article] Friday 2nd of October 2015 12:19:55 PM
.... . The defeat device software was produced by German engineering firm Bosch, which apparently warned VW eight years ago that its use to manipulate road tests would be illegal. ...
Can entrepreneurship in Africa make clean water more accessible? image
Source : Guardian [Read Article] Thursday 24th of September 2015 03:56:20 PM
....Randy Welsch doesn’t seem overly bothered by this. He knows what it is to grow a business, having built up and recently exited his own software and systems engineering firm, Master Solutions, in the space industry. ...
Hinkley owner defends cost of new plant image
Source : BBC [Read Article] Thursday 24th of September 2015 07:28:30 AM
....Read Kamal's blog in full. Meanwhile, EDF announced that the engineering firm Rolls-Royce would take a big share of £100m worth of contracts to supply the new nuclear power plant at Hinkley Point. ...
Source : Independent [Read Article] Wednesday 23rd of September 2015 12:58:17 AM
.... . I’ve written before about how this hideously complicated project, which will almost certainly result in part of the River Thames being closed off to allow boats to carry materials and power generators to dry docks by Parliament’s terrace, might not appeal to the mighty engineering firms needed to undertake the job. ...
Refugees will have the right to work - why not employ them? image
Source : Guardian [Read Article] Friday 11th of September 2015 10:00:32 AM
....Heard has just succeeded in arranging a work placement for an architect from Afghanistan at an architectural firm in London. Transitions’ other recent recruitment clients include Crossrail, National Grid and the engineering firm Arup. ...
Brazil has debt rating cut to 'junk' status as problems mount image
Source : Guardian [Read Article] Thursday 10th of September 2015 06:26:20 AM
....The news couldn’t be worse for Roussef, coming while her ruling Workers’ Party is fighting for its political life amid the biggest corruption scandal yet uncovered in Brazil. The scandal involves a decade-long kickback scheme that saw what prosecutors say was $2bn in bribes paid to politically appointed executives at the state-run oil company Petrobras, who awarded Brazil’s top construction and engineering firms contracts whose final costs were wildly inflated. ...
Rolls-Royce cooperating with Brazilian investigation into Petrobras bribery image
....The company was first linked to the scandal in Brazil in February, when allegations emerged during testimony from a former Petrobras executive turned prosecution witness that it had bribed politicians and staff at the state-owned firm. Rolls-Royce now faces questions over its relationship with an influential Brazilian businessman who allegedly paid bribes to oil executives and government officials on behalf of Petrobras contractors, such as the Dutch engineering firm SBM Offshore. ...
Troubled insurance service group Quindell recruits Indro Mukerjee as new chief executive and ousts adviser Cenkos image
....Mukerjee will begin in two weeks’ time. The new boss has a background in electronics and engineering firms. ...
Standard Life weighs on FTSE 100 image
Source : BBC [Read Article] Tuesday 4th of August 2015 08:32:36 AM
....Shares in Smiths Group jumped 4. 4% after the Financial Times said US activist hedge fund ValueAct had taken a stake in the engineering firm. ...
The Observer view on global mining regulation image
Source : Guardian [Read Article] Saturday 1st of August 2015 11:05:05 PM
....And in terms of regulation, Chingola is again a case in point. Aware it had a pollution problem, Vedanta employed a leading Canadian engineering firm in 2010 to advise on remedies. ...
RSA leads FTSE higher after bid move image
Source : BBC [Read Article] Tuesday 28th of July 2015 08:23:01 AM
....32% after it announced it was buying Dutch firm Fokker Technologies for €706m (£503m). The UK engineering firm said the deal would strengthen "GKN Aerospace's market leadership, manufacturing footprint and technology". ...
Rolls-Royce in third profit warning image
Source : BBC [Read Article] Monday 6th of July 2015 07:36:58 AM
....55bn. But on Monday, the engineering firm lowered its profit outlook again, this time to between £1. ...
New airport boom puts London in the shadows image
Source : BBC [Read Article] Sunday 28th of June 2015 11:05:36 PM
.... Even those who are building the new generation of airports wonder aloud if the trend will hold. Dervilla Mitchell, an aviation expert from the engineering firm Arup, points to evolving new technologies. ...
UK needs over one million new engineers and technicians, says Royal Academy of Engineering image
....Nayera Aslam, 30, a chartered civil engineer from Birmingham, agreed it is “critical” that industry leaders take steps to create greater diversity in their workforces. A senior consultant in the transportation sector of the design and engineering firm Aecom, Ms Aslam’s interest in engineering was first ignited with the opening of the Channel Tunnel in 1994. ...
Ovo chief's F1 venture steers to loss image
Source : Telegraph [Read Article] Sunday 21st of June 2015 07:15:19 PM
.... . Computer company Dell was owed £390,000 whilst tyre manufacturer Pirelli was due £1m and the outstanding bill to British engineering firm McLaren came to £7. ...
Business and climate: the hype and the reality image
Source : Guardian [Read Article] Wednesday 17th of June 2015 02:52:19 PM
....You wait decades for business leaders to address climate change, then 43 global CEOs call for concrete action all at once. The group of CEOs grew out of meetings at the World Economic Forum (WEF), with familiar names in corporate sustainability circles, such as engineering firm Arup, retailer Marks & Spencer, re-insurers Munich Re and multinational consumer goods giant Unilever. ...
Palace of Westminster upgrade needed, but engineers are likely to avoid it like the plague image
....The preferred way of rescuing the Palace is to use an Olympic delivery partner-style model. This would involve an engineering firm, or a consortium led by one, managing the rebuild, as CH2M Hill, Laing O’Rourke and Mace did for the 2012 Olympic Park. ...
The obscure legal system that lets corporations sue countries | Claire Provost and Matt Kennard image
....A small number of countries are now attempting to extricate themselves from the bonds of the investor-state dispute system. One of these is Bolivia, where thousands of people took to the streets of the country’s third-largest city, Cochabamba, in 2000, to protest against a dramatic hike in water rates by a private company owned by Bechtel, the US civil engineering firm. ...
Tunnelling on London's £14.8bn Crossrail project complete after three years image
.... . A host of international companies were involved in the burrowing, including British engineering firm Kier. ...
Rolls-Royce wins £57m deal to provide engines to British Army image
Source : Telegraph [Read Article] Wednesday 27th of May 2015 03:47:53 PM
.... . The FTSE 100-listed engineering firm said it will deliver the first 589 MTU Series 199 diesel engine, which will be used in the new SCOUT Specialist Vehicle, next year. ...
Petrobras ex-manager sentenced image
Source : BBC [Read Article] Tuesday 26th of May 2015 10:38:17 PM
.... He signed a plea bargain agreement with prosecutors and will serve one year, under house arrest. The authorities have accused former Petrobras executives and a handful of engineering firms of inflating the value of service contracts and banking the excess funds. ...

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