FLASH: DekelOil update on KCP construction



  • MoneyAM website is aimed at investors of all levels of experience including City professionals, investors and full-time traders.
  • Shares is the leading weekly publication for high net worth private investors and stock market professionals and as such is read weekly by thousands of private investors, analysts, fund managers, stockbrokers and company directors.
  • Brokerforecasts.com publishes equity upgrades, downgrades, reiterations, resumption and drops in coverage, as well as price target changes to a desktop or via alerts to email.
  • All recommendations are delivered and updated as soon as possible after release.
  • The majority will be on brokerforecasts.com prior to market open.


Source

Construction adds 6000 jobs in July; unemployment falls to 8-year low



  • The US economy added 215,000 jobs in July, while the unemployment rate remained steady at 5.3%, meeting expectations.
  • Health care added 28,000 jobs in July and has added 436,000 jobs over the year.

  • Some commentators have asserted that the unemployment rate is a misleading measure because the post-crisis decline in the labor force reflects more than demographic factors.
  • Friday’s report means “it will be hard to justify delaying an initial Fed rate hike”, said Scott Anderson, chief economist of Bank of the West in San Francisco.
  • Economists had expected employment to climb by about 223,000 jobs, which would have matched the increase originally reported for the previous month.


Source

Barratt London to start twisting tower Ι Construction Enquirer



  • Barratt London is preparing to start construction of a 28-storey twisting tower on one of the last remaining Thames riverfront sites in Wandsworth.
  • Barratt London has allocated 20% of the apartments for on-site ‘affordable’ housing and is committing £1.6m to improve local infrastructure.
  • This optical twist is achieved by the diagonal lines of tapered solid balustrades jutting against the horizontal lines of the balconies.
  • Designed by local architects Patel Taylor, wraparound balconies, rotated at an angle of two degrees, appear as a series of ‘rotating discs’.
  • The ground level features a double-height glazed residential lobby and a riverfront retail unit. The mezzanine level contains a second floor to the retail unit, a gym for residents, staff facilities and management welfare facilities.


Source

Morgan Sindall London losses hit £7m Ι Construction Enquirer



  • Morgan Sindall has revealed that its troubled London and South East construction division ran-up losses of £7m during the first half of this year.
  • Morgan Sindall said “regional overhead has been reduced accordingly to match this level of activity.”

    The company declined to comment on the number of job losses in London and the South East but said there has been “extensive leadership change”.

  • The London losses wiped-out construction profits of £3m across the rest of the country sending the division to a £4m loss

    The troubles are far from over in London and the South East where “problem” jobs have been completed but other “lower margin” contracts are still being worked through.

  • Company executives confirmed the figures during a presentation to analysts on the firm’s half-year results.
  • To share your stories email Grant Prior or Aaron Morby… always off the record


Source

Turkey’s mega projects: Pipe dreams or game-changers?



  • Proponents of such major development projects see this as Turkey’s march toward becoming a fully developed and even more prosperous country, saying a resource-poor country can generate wealth through large-scale construction projects.
  • But critics are insistent that regulations are being violated or ignored, and the massive environmental damage these projects could cause will hurt the country even more in the long term.
  • This is not the case with this old centralist mindset that exists at the moment,” he told MEE.

    “These people [the government] see these big construction projects as purely a source to make money for themselves and those close to them,” he added.

  • The construction of hundreds of hydroelectric power stations in the region is also a major point of contention.
  • Local media reports say that work is continuing at some sites despite a local court ordering a halt to construction activity.


Source

Carter lands £35m aircraft design centre deal Ι Construction Enquirer



  • R G Carter has started work on a £35m research centre at Cranfield University that will change the design of future aircraft.
  • Adjacent areas introduce space for manufacturers to conduct private research, alongside office space, and meeting rooms for the university research team and partners.
  • Architects CPMG have designed the Aerospace Integration Research Centre (AIRC) and groundwork has now begun at the Bedfordshire site

    The centre will bring together academic research and testing of new ideas by co-investment partners Rolls-Royce and Airbus.

  • This will provide a showcase for the university and its partners, accommodating exhibitions and conferencing, as well as informal meeting areas.
  • The three-storey building includes an open laboratory space with a 40m clear span, capable of housing large airframe integration projects, presentation and visualisation space alongside state-of-the-art simulation facilities.


Source

Construction workers hurt in ceiling collapse



  • The workers were hurt on the second floor of 317 Madison Ave.at 42nd St. across from Grand Central Terminal about 10:15 a.m., officials said.
  • Two workers were injured when a ceiling collapsed in Midtown Friday morning.
  • John Gallagher, a spokesman for Tishman Construction, which is overseeing site work, described the injuries as “minor” and said the wounded workers would be released from the hospital today.
  • It’s not immediately clear what caused the collapse.
  • First responders transported the injured pair to Bellevue Hospital both in serious condition, the FDNY spokeswoman said, and one of the victims is suffering from life-threatening injuries.


Source

£10m Burnley FC training facility approved Ι Construction Enquirer



  • Burnley Football Club has got the planning green light  to build a new football academy.
  • The Clarets must now wait to see whether plans for the elite training facility which fall within the green belt will be called in by the communities secretary.
  • The build will also include an indoor all-weather area with a small spectator gallery, to meet the requirements of EPPP.

    Outside, plans include the development of three full-sized training pitches and two three-quarter size pitches.

  • Subject to final approval, work on the Gawthorpe improvements is now expected to kick-off later this year.
  • To share your stories email Grant Prior or Aaron Morby… always off the record


Source

And finally… World’s first piece of crowdfunded public infrastructure opens



  • A 400-metre-long pedestrian bridge described as the “world’s first crowdfunded public infrastructure project” has opened in Rotterdam.
  • In 2012, the Luchtsingel plan won the Rotterdam City Initiative.
  • It also links up a series of individual public realm projects, including a rooftop vegetable garden and a new park.
  • It was then awarded the 2012 Green Building Award, the Berlin Urban Intervention Award in 2013, the 2014 Rotterdam Architecture Award, and was nominated for the Golden Pyramid and the Dutch Construction Award in 2015.
  • Named Luchtsingel, which means “air canal”, the structure runs through a building and across roads and railways to connect three previously disconnected areas of the city.


Source