THE Queensland administration obtains ownership of its concerned Tugun desalination plant last day.
The step appears as it was exposed the state's difficulty -plagued water-security scheme made losses of $330 million past year. Subsequent to 18 months of maintenance and operating harms, Infrastructure Minister Stirling Hinchliffe expressed that the self-governing engineers established the workshop retain the government's "stringent necessities ".
The utility firm Spark Infrastructure Group has issued a capital rising of 295 million dollars and also wanted to simplify its listed security structure. The utility owner Spark holds almost 49% interest in three electricity distributors, which are Powercor and Citipower of Melbourne and ESTA servicing of South Australia.
The fate of the new dam project worth $1.1 million that is currently under development seems to hovering in between. The project aimed to secure a reliable water supply for Nimmitabel is claimed not to be completed anytime before two years, despite significant improvements and developments witnessed in the last week.
The developments include funding announcements from the federal and state Governments.
Besides, a third development outlined the deadline for tenders related to a deep optimization study and final earth wall design for the proposed dam at Pigring Creek.
The UK infrastructure groups, RM and Balfour Beatty swayed the warning signs related to the possible consequences of the government cutbacks on Tuesday, along with the duo expressing prudence over the fragments of their business that are reliant on public expenditure.
RM group that imparts IT systems for schools all around the UK, express that the revenues that has been projected for the coming years from new school construction had now been thronged into question view that after the government has decided this week to nullify the plans to rebuild 700 schools.
Amidst looming cuts in public sector expenditure, U.K. engineering and construction group Balfour Beatty PLC on Friday gave an upbeat assessment of its prospects and revealed to offer its protection against potential weakness in its domestic construction market.
The company’s trading update revealed its order book at Dec. 31 in line with the GBP13.7 billion reported in its previous trading statement on Nov. 11. That figure witnessed a boost due to the acquisition in October of U.S. professional services company Parsons Brinckerhoff.
Almost all leading industrialized economies emerged from recession during July and September period, leaving Britain's economy far behind.
Figures revealed that 30 members of the Organisation for Economic Co-operation & Development grew by 0.8 per cent during the third quarter. But, Britain’s economy contracted 0.4 per cent during the same period.
Among G-7 countries, Japan’s economy reported the fastest growth at 1.2 per cent. The UK was the only G7 country to report contraction during third quarter of the year.
Britain's construction and engineering giant Balfour Beatty has delighted investors and economists by posting a strong performance report for the first half of the current fiscal year. The company also asserted that it is now confident about posting a successful report for the complete 2009 fiscal year. Profits have been reported by the firm in both its UK and US divisions.
The impact of recession in Britain was not as severe as formerly expected during the second quarter ending June.
Data compiled by the Office for National Statistics revealed that country's output contracted 0.6 per cent between April and June as compared with first quarter of the current year, better than the earlier projection of minus 0.7 per cent.
It may be noted here that Britain is yet to join other major economies such as Germany, Japan and France which have already pulled themselves out of recession.
Unilever, world's third largest consumer products company, announced Friday its plans to acquire Sara Lee Corp.'s personal care unit in an all cash deal worth 1.28 billion euros.
Dove soap, Vaseline, Axe and Comfort and food products are among the brands being produced by Unilever.
It was informed that the businesses that Unilever is going to acquire had sales of 750 million euros and operating earning of 128 million euros during the period of 12 months ended June.
Carillion reported a 92 per cent increase in the pre tax profits in the first half of 2009.
A £51.9 million pre tax profit was reported during the six months period, ending on June 30, 2009, as compared to £27 million, compared to the last year.
Total revenue also went up 13 per cent, from £2.4 billion during the first half of 2008, to £2.7 billion.
Carillion had also made reductions in its net borrowing to £146 million, from £264.1 million as compared to 2008.
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