Carillion bags £370m Wolverhampton schools deal
29th Jan 2010 08:21
Support services and construction firm Carillion's joint venture has been appointed as preferred bidder for the £370m Wolverhampton Building Schools for the Future (BSF) programme. Its Local Education Partnership (LEP), which also includes Wolverhampton City Council and Building Schools for the Fut
Read moreSunday tips round-up: Balfour Beatty, Autonomy, Carillion
17th Jan 2010 11:25
Balfour Beatty shares have underperformed since their recommendation, as the market fretted about what effect future cuts in UK public expenditure would have on its business. The shares were first tipped by the Telegraph on January 25 last year and Questor recommended taking up your rights to fund
Read moreCarillion closes £192m Rochdale BSF contract
14th Jan 2010 08:12
Carillion and its joint venture partners in the Local Education Partnership (LEP) have achieved financial close for the Rochdale Building Schools for the Future (BSF) programme, worth about £192m. The LEP, comprising Rochdale Borough Council, Building Schools for the Future Investments LLP (BSFI) a
Read moreBroker tips: Land Securities, Ryanair, Carillion
11th Jan 2010 13:23
Real estate plays are in focus Monday as Goldman Sachs predicts more stable yields and a strong recovery in demand for prime office space. It thinks rising demand for office space, especially in Sweden and the UK, at a time when new supply is limited is likely to lead to a strong recovery in prime
Read moreBroker snap: Carillion to go organic
11th Jan 2010 11:50
Having reshaped its portfolio through mergers and acquisitions activity for the past five years, 2010 should see support service group Carillion's emphasis shifting to organic opportunities, according to Morgan Stanley. The broker starts coverage on the stock with an overweight rating and a 380p ta
Read moreSpeedy Hire signs 5-year deal with Carillion
5th Jan 2010 08:22
Speedy Hire today confirmed that it has signed a five year services agreement with Carillion's joint venture in the Middle East and North Africa with the Al-Futtaim. Under the deal Speedy will provide light plant and equipment and asset management and logistical services using its new IT and busine
Read moreLondon close: Oils and pharmas shine
22nd Dec 2009 17:09
London equities added to the previous day's gains although a late pull-back ensured that rises were not as extensive as yesterday. Oil stocks and pharmaceuticals led the way higher. Cairn Energy enjoyed another strong day after it announced yesterday that it would start its drilling programme in G
Read moreLondon afternoon: Shares off the top
22nd Dec 2009 14:28
Leading shares came off the top over the lunch time period but most are still sporting reasonable gains, leaving the Footsie still within striking distance of its high for the year. Oil stocks are driving the index higher, particularly Cairn Energy and Royal Dutch Shell. Cairn Energy is enjoying
Read moreLondon midday: Shell leads advance
22nd Dec 2009 11:50
With two of its five most heavily weighted constituents notching up rises in excess of 2%, the FTSE 100 had a good morning session. Royal Dutch Shell and GlaxoSmithKline are the two heavy hitters boosting the blue-chip index's performance. Oil giant Shell gets a boost from firmer oil prices while d
Read moreLondon open: Footsie pushes on
22nd Dec 2009 08:47
Footsie is still making progress, boosted by the good gains on Wall Street overnight. Cairn Energy is the top performer for the second day on hoped for its Greenland drilling programme, which it brought forward by a year yesterday. The shares were also split on a ten-for-one basis today. Banks a
Read moreLondon pre-open: Slight rise expected
22nd Dec 2009 07:36
Footsie is expected to top up yesterday's strong gains in early dealings. Online poker and casino group 888 Holdings has agreed to pay almost £60m for the Wink Online Bingo business and says trading continues to be strong and in line with expectations. The UK mid-cap will buy Wink Bingo, which runs
Read moreCarillion wins £157m Canadian addiction centre PPP
22nd Dec 2009 07:18
A Carillion joint venture has been awarded a £157m contract to design, build, finance and maintain Phase 1b of Toronto's Centre for Addiction and Mental Health (CAMH). The support services and construction firm's Carillion Health Solutions venture will knock down the existing administration buildi
Read moreFTSE 250 movers: Mouchel rebuff hurts VT Group
14th Dec 2009 10:16
Shares in VT Group fall back after the road and infrastructure support contractor Mouchel confirmed that it rejected two separate takeover approaches from the outsourcing group. Shares in Carillion come off a bit after the good gains posted by the support services and construction company on Friday
Read moreLondon close: Modest gains for FTSE 100
11th Dec 2009 16:55
Footsie finished the week with modest gains as miners rallied following strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. In UK economic news, factory ga
Read moreLondon afternoon: China data lifts miners
11th Dec 2009 14:30
Mining stocks are more than offsetting losses on banks, as metal prices pick up following some strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. In UK eco
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