Construction sector lobbies government for £225m ‘future-proofing’ institute Construction and engineering bosses are pushing the government to set up a new institute to promote the interests of the consultancy and engineering sector. In a letter to business minister Nadhim Zahawi, the 28 leaders of firms involved in national infrastructure seek government funding to develop the Consultancy Sector Futures Institute. The initiative is being [...]
Temasek mulls purchase of Atkins from SNC-Lavalin Singaporean sovereign wealth fund Temasek has reportedly held talks about a possible takeover of British engineering giant Atkins. Canadian conglomerate SNC-Lavalin, which bought Atkins in 2017, is believed to have approached potential bidders including Temasek over the sale of the engineering firm, the Sunday Times reported. Read more: Shares in UK engineer Renishaw fall as [...]
WS Atkins reaffirms 2014 financial guidance after foreign buy-ups Design and engineering firm Atkins has reaffirmed its full year results saying it continues to trade in line with expectations despite performance in its UK market being described as mixed. The company said it had made some progress in the resolution of the contract variations in its UK rail business and has changed its aerospace [...]
Atkins restates confidence for future despite drop in revenue November 13, 2014 ENGINEERING firm Atkins yesterday reported a 9.2 per cent drop in revenue for the six months to September 2014, down to £831m from £915m in the same period of 2013. Profit before tax also took a hit, dropping 28.8 per cent from £54.8m to £39m. However, Uwe Krueger, chief executive at Atkins, pointed to the [...]
WS Atkins share price rises on sale of Polish business to Multiconsult August 18, 2014 The share price of WS Atkins was boosted yesterday after the engineering, design and project management company announced it would sell its Polish business to Norwegian consultancy and design business Multiconsult AS. The deal will see WS Atkins’ Polish business sold for a cash consideration of €3.5m (£2.8m), with the deal expected to be completed [...]
WS Atkins half-year profits rise 8.2 per cent on growth at home November 14, 2013 ENGINEERING consultancy WS Atkins yesterday posted an 8.2 per cent rise in underlying pre-tax profits for the first half of the year and a 12.2 per cent increase in revenue, boosted by a strong performance in the UK. The FTSE 250-listed firm has increased its dividend by five per cent and said its full-year outlook [...]