Construction and Engineering

Australia’s power infrastructure debacle

Not only did we spend too much over the past decade creating excessive network capacity, but the system we have is already outdated.

ACCC takes action against CFMEU

Consumer watchdog will go to court with construction union over alleged boycott of Boral.

Monadelphous warns on revenue

by AAP
Engineering giant flags 15-20% drop in H1 revenue as miners cut costs, projects.

Brookfield to take stake in GCS

Private equity fund to take up strategic placement in GCS, company will reduce debt.

James Hardie Q2 profit jumps

Building group delivers strong Q2 profit despite US recovery falling short of expectations.

Shares in UGL down after payout

Shares slide after distribution made to shareholders following sale of unit.

Simonds shares drop on ASX debut

Shares in Simonds Group fell more than 7 per cent as investor appetite was quelled by weaker markets.

Dulux FY profit lifts almost 40%

Paint maker targets improved profit in FY15, will pay final dividend of 10.5c.

Adexum makes maiden investment, on track for IPO

New private equity firm Adexum Capital is making a maiden investment of $20m ahead of its planned IPO in 2015.

Construction growth slowing: Ai Group

by AAP
AiG index shows construction activity slowed in October, but remains in expansionary territory.

UGL shares hit on LNG provision

Group books $US85m provision in Sept accounts as LNG project stalls, shares slump.

Boral earnings under pricing pressure

Group says price competition caused 1% fall in cement and construction materials earnings.

Latin link to John Holland deal

Long-running race for Leighton-owned contractor takes another complex twist.

Downer EDI lifts FY guidance

Construction contractor expects NPAT of $210m despite subdued outlook for key markets.

CSR lifts first-half profit

Building products maker expects to hit upper end of analyst forecasts for FY profit.

WorleyParsons wins $167m ConocoPhillips contract

Engineering group WorleyParsons will expand Norwegian North Sea oil field project.

Transfield in takeover standoff

Investors becoming increasingly sceptical of Transfield securing a higher takeover offer.

Building approvals commence their downhill run

Residential construction will continue to climb due to the lag between approvals and activity, though support for GDP growth will be limited.

Aust dollar dips on downbeat data

by AAP
Local currency weakens following weaker-than-expected building approval figures.

Ferrovial rejects Transfield agreement

Talks stall as Spanish bidder baulks at terms of confidentiality agreement: report.