Engineering Construction Work Falls 18.1 percent
The downturn in civil construction throughout Australia is deepening as the benefit of a road building boom has failed thus far to offset the massive pull-back...
Downer Raises Guidance as Profit Grows
Downer EDI has lifted half year profit by 8.5 per cent as its shift to rail, transport services and technology sectors help offset the continuing decline...
WorleyParsons Class Action to Proceed
A $50 million class action lawsuit being levied against WorleyParsons has been given the all clear to proceed after an attempt by the engineering group to...
Bradken Confirms Guidance Amid Takeover Movement
Mining and engineering services group Bradken is sticking to its full-year earnings guidance a day after its board accepted a $556 million takeover bid from Japan's...
WorleyParsons Relying on Cost Cuts for Turnaround
Engineering and construction giant WorleyParsons says trading conditions in the first quarter have remained challenging, despite a rebound in the prices of some commodities, with revenue...
CIMIC Wants to Buy Rival UGL
Spanish-controlled construction giant CIMIC has launched a $524 million takeover bid for its ASX-listed rival UGL.
UGL Posts $106m Loss on Ichthys Writedown
Engineering group UGL hopes to claw back some of a $200 million writedown it made on the massive Ichthys natural gas project near Darwin, but it's...
Downer EDI Meets FY Profit Guidance
Engineering group Downer EDI has met its full year guidance despite reporting a 14.1 per cent drop in full-year profit to $180.6 million.
Downer Wins $250m Contract Extension
Engineering group Downer EDI has won a $250 million, two-year extension for its mining services contract for Stanwell Corp's Meandu coal mine in south east Queensland.
BlueScope Extends Buyback on Profit Lift
Shares in BlueScope Steel have jumped to an eight-year high after the company lifted its first-half net profit 23 per cent and flagged a further increase...
SNC-Lavalin Tops Profit Estimates, Forecasts Strong 2018 Earnings
Canadian construction and engineering group SNC-Lavalin reported better-than-expected earnings for the final quarter of 2017, benefiting from its purchase of Britain's WS Atkins and helping it...
Resources Spending Boosts Monadelphous
Engineering services firm Monadelphous Group has lifted half-year profit by nearly a third as it rides the rebound in activity in the resources sector.
Downer Posts $11.1m Loss
Downer EDI has posted an $11.1 million first-half loss dragged down by a goodwill impairment on its mining operations, writedowns from its freight rail divestment and...
Downer Flags $77m Goodwill Impairment Hit
Downer EDI has flagged a goodwill impairment charge of $77 million on its mining operations after failing to renew two material contracts and delays in securing...
Stantec Signs Letter of Intent to Acquire Occam Engineers
Global design firm Stantec is strengthening its water, transportation, and public works service in the Southwestern United States with the planned acquisition of New Mexico-based consulting...
Jacobs Engineering Group Inc. Stock under Review
Jacobs Engineering Group Inc. (JEC) , a stock from Technical Services Industry, has a value of $67.10 per share, noted a price change of 0.34% in...
Aecon Votes to Approve Takeover Offer by Chinese Company
Aecon shareholders have voted overwhelmingly to approve a $1.5-billion takeover of the Canadian company by a Chinese firm.
CIMIC Group Secures Billions in New Contacts
Construction giant CIMIC has announced three new major contracts for its companies, including design and construction for Victoria's multi-billion dollar West Gate Tunnel project.