US companies on the M&A trail in the UK?

Building posted a report today that some large US firms the size of Jacobs, AECOM and CH2MHill maybe looking at acquiring firms in the UK. Many UK firms have established offices in Europe, Middle East and North Africa which makes their businesses more appealing as they have established company structures and trained personnel. They also have large infrastructure projects such as Crossrail and work in North Africa already on their books.

US Companies are seeing that the recession has abated in the US and Europe so its the most opportune time to acquire companies at low valuations and increase their personnel count and revenues across the world.

Read the article at Building for a list of targeted companies, analysis and interviews.

[SOURCE: Building.co.uk]

Businesses asked to sign up to Jakarta Charter

During the Convention for Biological Diversity being held in Jakarta from November 30 to December 2, representatives from about 200 companies worldwide in mining, fisheries, construction, forestry, tourism and cosmetics business released a draft charter called the Jakarta Charter which will requires companies to integrate biodiversity into their business strategies to reduce poverty and increase sustainable development.

Jakarta Post cited Ahmed Djoghlaf, executive secretary of the Convention on Biological Diversity (CBD) as saying

“The Jakarta Charter will be open for signatures to all companies in the world that adhere to its principle,”…..
He said the Jakarta Charter on Business and Biodiversity would be submitted for adoption at the convention’s meeting in Japan in Oct 2010.

Executive director of the ASEAN Center for Biodiversity, Rodrigo Fuentes, told reporters that biodiversity loss was a forgotten crisis in the region that received little attention in the media.

read more at the SOURCE: Jakarta Post

Also read more at the Convention for Biological Diversity

Atkins: Another two years of recession

Architects Journal recently reported that the chief of Atkins has warned that

…We are in for another two years of recession….

Although on the positive side he also intimated that we are at the bottom of the recession.

read the full article at the [SOURCE: Architects Journal – Expect another two years of recession, warns Atkins chief]

Construction Week (Middle East) releases Salary survey

Construction Week (Middle East) have just published the results of a salary survey held from April to September this year. The main findings of the survey is that most people are experienced and the UAE is not a place for first-jobbers. People consistently worked longer than 40 hour per week and have salaries in construction(including Architects) on average between $4500-$6047 (USD) month across the six GCC countries. The results also outline expectations for pay rises, housing, current pressures and other interesting information.

For more information go to the two articles at the [SOURCE: Construction Week (Middle East)]

1. Survey Analysis – Construction Week (Middle East)
2. Detailed Results – Construction Week (Middle East)

Australia Will Invest $2.4 Billion To Modernize Perth Airport

Perth Airport is a vital part of the Western Australian and national economy.

In response to Perth’s growing need for modern, well-planned aviation infrastructure, the Master Plan sets out a ten-year, $2.4 billion investment program which includes the phased relocation of all regular passenger services to the International Precinct.

Perth Airport’s contribution to the WA economy is expected to reach $5 billion by 2029, with the number of direct and indirect jobs supported set to double to 37,000.

SOURCE: Australia Government

Atkins set to poach talent from design-led practices

A view over Glasgow from Queen's Park in the c...Glasgow – Image via Wikipedia

Building Design reports

The country’s biggest employer of architects has set its sights on wresting design-led work away from “complacent” signature practices by recruiting more creative designers……..
A team led by Atkins recently beat five others, including Frank Gehry, to land a £300 million new college campus in Glasgow……

Biz investment down, focus shifts to infrastructure

Queensland Business Review reports

A rebound in business confidence has not yet translated into investment intentions, with Queensland, Australia relying on a strong pipeline of infrastructure projects to drive the economy to more stable ground.

The latest Access Economics-Arup Investment Monitor shows business investment in Queensland was notably worse in the September quarter, while infrastructure remains dominated by water and transport-related projects.

SOURCE:  Queensland Business Review – Biz investment down, focus shifts to infrastructure

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