Van Elle downgrades full year forecastSubscription
Van Elle has said that it is progressing with a full review of the business as it revealed that a quiet first quarter had hit revenues reported in its accounts for the first six months of its financial year published today.
Concrete frame specialist Morrisroe was tipped to take over Skanska’s ground engineering division Cementation early this year but industry insiders have said that the firm has pulled out of the deal.
Arc Environmental completes management buyoutSubscription
Durham-based geotechnical consultant Arc Environmental has been bought out by two members of staff, according to HSBC which supported the deal financially.
Growth in regional demand and expectation of improving market prospects are the key drivers behind expansion of Dunelm Geotechnical and Environmental into the Scottish market.
Interserve confirms possible RMD handoverSubscription
Interserve has announced that it is considering handing over RMD Kwikform to its lenders to pay towards its debts.
Cape Investment Partners has announced that it has bought out the majority shareholding in offshore piling equipment manufacturer Cape Holland and offshore grouting business Found Ocean.
Aarsleff forecasts static UK market in 2019Subscription
UK-based Aarsleff Ground Engineering’s parent company Aarsleff has said that it expects the current level of activity in the UK to remain unchanged in the year ahead.
Interserve considering RMD saleSubscription
Sky News has reported that struggling Interserve is considering selling RMD Kwikform.
Spain-based geotechnical firm Terratest has announced that it has been by private equity fund Nazca Capital.
Van Elle has issued a trading update reporting that its first-half profit will almost halve due to subdued demand in the UK.