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Construction Business News

Saturday July 21, 2018

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Construction Union Says Program Abused for Cheap Labour
Business
Friday February 2 2018

Construction Union Says Program Abused for Cheap Labour

Program intended for workers beneficial to Canada is used to fill construction jobs at lower wages, says union study.

Surprise Spike in Construction Activity
Business
Thursday November 23 2017

Surprise Spike in Construction Activity

Construction work has spiked for a second straight quarter, far outpacing market expectations, but economists suggest the numbers could flatter to deceive.

Jobs Ads Point to Further Employment Boost
Business
Thursday November 23 2017

Jobs Ads Point to Further Employment Boost

Further good news on employment looks likely after new figures showed job advertising on the internet has grown for 12 months in a row, something that...

Aug Building Approvals Lower than Expected
Business
Thursday October 12 2017

Aug Building Approvals Lower than Expected

Approvals for the construction of new homes rose 0.4 per cent in August, helped by a rebound in the volatile apartment category.

Fulton Hogan Lifts Profit 6.5pc
Business
Thursday September 28 2017

Fulton Hogan Lifts Profit 6.5pc

Fulton Hogan lifted annual profit 6.5 per cent as the privately-held civil construction firm benefited from a growing infrastructure spend across the nation.

Australia’s Biggest Construction & Engineering Companies Unveiled
Business
Wednesday September 27 2017

Australia’s Biggest Construction & Engineering Companies Unveiled

Victorian commercial and apartment builder Probuild has emerged as Australia’s most active non-detached housing construction firm, a new report says.

Fletcher Calls-in Auditor
Business
Tuesday September 26 2017

Fletcher Calls-in Auditor

Fletcher Building has confirmed it's hired audit firm KPMG to review four major projects to bolster governance in its construction division.

Fletcher Building Plunges
Business
Friday July 21 2017

Fletcher Building Plunges

New Zealand shares fell on Thursday, dragged lower by Fletcher Building hitting a six-week low, as the company's board advised a second large earnings downgrade this...

Australia’s Large Builders Hoard Cash Owed to Suppliers
Business
Tuesday June 6 2017

Australia’s Large Builders Hoard Cash Owed to Suppliers

Large builders throughout Australia are hoarding cash owed to suppliers and subcontractors and are using muscle to pay invoices later than their smaller counterparts, according to...

Business
Mar 15 2018
Call for Blitz on Unlicensed Builders

Master Builders SA is calling for a government blitz after yet another unlicensed builder was fined in the Adelaide Magistrates Court.

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Business
Feb 22 2018
Fletcher Building Shares Hit 5-year low

Fletcher Building shares touched their lowest levels in more than five years on Wednesday after the company's first-half results, which were clouded by losses at its...

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Business
Feb 19 2018
Formica May be Saleable Asset for Fletcher

Fletcher Building paid US$700 million to buy Formica Corp from private equity owners Cerberus Capital Management and Oaktree Capital Management in 2007.

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Business
Feb 13 2018
Fletcher Extends Trading Halt

Fletcher Building, which had planned to reveal bigger losses at its building and interiors (B+I) unit, has extended its trading halt until Wednesday saying it has...

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Business
Feb 13 2018
Suspended CBL Needs Time to Raise Capital

Insurer CBL Corp says it hasn't worked out how much capital it needs to raise to satisfy regulatory solvency concerns and may take "a number of...

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Business
Feb 8 2018
CIMIC Soars on Dividend Lift, New Forecast

CIMIC's shares have jumped after the construction giant raised its dividend by 13 cents on the back of a 21 per cent lift in full-year profit...

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Business
Feb 6 2018
CCA Mobilizes Members to Oppose Government-owned Enterprises

The Canadian Construction Association (CCA) announced in an email to its board members, partner associations and corporate members that it has advised the government of Canada...

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Business
Jan 19 2018
U.K. Construction Giant in Liquidation, Putting 6,000 Canadian Jobs at Risk

One of the British state's biggest contractors collapsed Monday, putting thousands of jobs at risk, after creditors and the government refused to bail out a company...

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Business
Jan 10 2018
Building Approvals Jump 11.7% in November

Approvals for the construction of new homes have jumped by 11.7 per cent, boosted by a spike in apartment and townhouse construction activity in Victoria, Western...

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