October 2, 2016

Falling pound pulls down BAM’s revenue

The lower value of the pound accounts for more than half of the fall in BAM’s first-half revenue compared to last year. The Brexit vote had no effect on BAM’s trading in the first half of 2016, said the company, though the fall in the pound reduced the reported revenue,

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Industry weekly earnings push past £600

It marks the third consecutive month where weekly earnings have remained above £600, with average weekly earnings standing at £601 in February, £602 in January, and £603 in December last year. The last three months have been among the highest levels of weekly earnings on record, and are only marginally

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Can’t read this email properly? www.cash4groundrents.com In house legal team ensures a reliable, efficient and hassle free transaction. Speak Now   0207 318 2284   ben@cash4groundrents.com       This email was sent to: rgoff@costar.co.uk   Want to unsubscribe or change your details?   This is an email communication provided

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Wellingborough looks to redevelop town centre

The programme is part of a bid to regenerate the town centre in the face of rapid population growth, with new suburbs planned at Stanton Cross and Glenvale Park expected to add 15,295 to the town’s population, bring this to 84,000 by 2030. A report by head of local planning

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Zoopla launches property investment channel

Zoopla launches property investment channel By   26th September 2016 Property website Zoopla has launched a new ‘invest’ channel which offers consumers and would-be property investors the opportunity to gain exposure to the UK property market from as little as £100. The new channel on the Zoopla website includes a

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Overhead line conductors blend into Norwegian nature reserve  

Statnett, Norway’s state owned power system operator, has energised 68 km of Nexans’ coloured conductors on its new overhead transmission line connecting central Norway to western Norway.   The line will secure the supply of power in the region. Nexans’ coloured conductors have been used on 8.5 km

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Latest Issue
Issue 323 : Dec 2024

October 2, 2016

Falling pound pulls down BAM’s revenue

The lower value of the pound accounts for more than half of the fall in BAM’s first-half revenue compared to last year. The Brexit vote had no effect on BAM’s trading in the first half of 2016, said the company, though the fall in the pound reduced the reported revenue, results and closing order book for the UK. BAM said that it has undertaken a thorough assessment of the implications of Brexit, and sees no material effect in the short term. It will monitor developments closely, maintain tender discipline and adapt its organisation and operations if required. The UK is the group’s second-largest market after the Netherlands and accounted for 31% of the revenue in 2015. The results for the first half of this year show revenue of €3,404m –  a reduction of  3% compared to the first half of 2015, of which €65m was down to the impact of the lower pound The fall came mainly in BAM’s German construction and UK civil engineering activities. Revenue was up in the Netherlands and in UK construction activities. Rob van Wingerden, CEO of Royal BAM Group said: “Since the Brexit vote, the only effect on BAM has been the translation of the weaker pound. Our UK order book is solid and we will maintain our tender discipline. We are monitoring new order intake closely and will adjust our operations if required.” UK activities are split between three operating companies: BAM Construct UK in non-residential construction and property development, BAM Nuttall in civil engineering, and the UK operations of BAM PPP. The combined UK order book at 30 June 2016 was €2.6bn, and virtually all revenue for 2016 is secured. Since the vote on 23 June 2016, no orders have been cancelled and BAM has won several new orders, said the company.  A significant percentage of the revenue for 2017 is secured in projects which are already under way.   This article was published on 18 Aug 2016 (last updated on 18 Aug 2016). Source link

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Industry weekly earnings push past £600

It marks the third consecutive month where weekly earnings have remained above £600, with average weekly earnings standing at £601 in February, £602 in January, and £603 in December last year. The last three months have been among the highest levels of weekly earnings on record, and are only marginally below the record high of £605 per week recorded in July 2015. Despite these near-record earnings, more than two-thirds of the public would never consider a career in construction, according to a new survey. The YouGov survey found that more than half of the public view construction work as ‘strenuous’ or ‘dirty’, with just 11 per cent saying it was ‘exciting’. Source link

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Can’t read this email properly? www.cash4groundrents.com In house legal team ensures a reliable, efficient and hassle free transaction. Speak Now   0207 318 2284   ben@cash4groundrents.com       This email was sent to: rgoff@costar.co.uk   Want to unsubscribe or change your details?   This is an email communication provided through CoStar UK, part of CoStar group – the leading provider of commercial real estate information in the UK and US. Registered office address: One Chapel Place, London, W1G 0BG | Company number: 01789170                            

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Wellingborough looks to redevelop town centre

The programme is part of a bid to regenerate the town centre in the face of rapid population growth, with new suburbs planned at Stanton Cross and Glenvale Park expected to add 15,295 to the town’s population, bring this to 84,000 by 2030. A report by head of local planning Julie Thomas, due to go to the council’s development committee on Monday, said the 23 sites were owned by the council, though those judged to have the best potential for redevelopment are at this stage confidential. Thomas’s report said: “The council does not have all of the in-house expertise or resources to deliver all of these sites, nor would a single method of delivery be appropriate in all cases. “It would be prudent to consider the identification of a development partner from the private sector.” If councillors give the go-ahead, planners will draw up a schedule of sites to be redeveloped over 10 years. The report said regeneration was also needed because Wellingborough’s town centre was “not considered to be a ‘destination shop’, unlike Milton Keynes” and that parts looked “tired and dated”, having seen no major development since the 1970s. Source link

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Zoopla launches property investment channel

Zoopla launches property investment channel By   26th September 2016 Property website Zoopla has launched a new ‘invest’ channel which offers consumers and would-be property investors the opportunity to gain exposure to the UK property market from as little as £100. The new channel on the Zoopla website includes a peer-to-peer lending solution, in partnership with Landbay, where anyone can invest from as little as £100 into buy-to-let mortgages, statistically the lowest risk form of peer-to-peer lending. In addition, the channel also includes a tax-efficient first online property ISA, in partnership with Bricklane, allowing savers to invest from £100 to own a stake in a UK property.  Alex Chesterman, Founder & CEO of Zoopla, said: “We are delighted to be launching this great opportunity for anyone to invest in the UK property market from as little as £100. Property investment has never been available to the masses before in this way and for those looking to get onto the property ladder or saving towards a property purchase, the ability to ensure that their investments keep pace with the property market is essential.” Source link

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Overhead line conductors blend into Norwegian nature reserve  

Statnett, Norway’s state owned power system operator, has energised 68 km of Nexans’ coloured conductors on its new overhead transmission line connecting central Norway to western Norway.   The line will secure the supply of power in the region. Nexans’ coloured conductors have been used on 8.5 km of the line that run through a protected nature reserve, allowing the cables to blend in with the environment. Nexans has used a unique surface treatment to manufacture the green coloured aluminium wires. This helped the conductors blend in with the environment, making it more acceptable to local residents. The patented treatment process is able to produce different types of conductors in almost all colours, and in contrast to traditional coatings methods it has no adverse effect on the aluminium wire substrate, the conductors remain easy to connect and the colour will not deteriorate over time due to UV exposure. The coloured conductors have undergone electrical and mechanical tests, and a complete system was assembled with implosive fittings to ensure the conductors will behave as expected. The 420 kV line was constructed to reduce the 8 TWh energy deficit in central Norway by increasing the grid capacity between a region with energy surplus to central Norway. The deficit is equivalent to the annual power consumption of 400,000 single family homes. Statnett’s 297 km line will also facilitate around 100 small hydropower schemes to the grid between Ørskog and Fardal. Steinar Beurling, electromechanical engineer at Statnett said, “We were looking for a solution that would allow us to reduce the energy deficit in central Norway, while maintaining the natural beauty in our country. Nexans provided a solution through its coloured conductors.” Cyprien Federspiel, VP sales & marketing for land high voltage at Nexans added, “Nexans is committed to increasing access to energy. As the only manufacturer with this offering, we are pleased to help Statnett reinforce Norway’s grid.” Source link

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