CONTRACTORS – AUSTRALIA

FIRB clears China Communications acquisition of John Holland

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 20 : 9-Apr-15

Leighton Holdings’ sale of defence contractor John Holland to China Communications Construction Company has been cleared by the Foreign Investment Review Board. Federal Treasury Joe Hockey says the $A1bn deal does not raise any national interest concerns. John Holland is estimated to have undertaken some $A470m worth of construction contracts for the Department of Defence in 2014

CORPORATES
LEIGHTON HOLDINGS LIMITED – ASX LEI, JOHN HOLLAND PTY LTD, CHINA COMMUNICATIONS CONSTRUCTION GROUP LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF DEFENCE, THE STOCK EXCHANGE OF HONG KONG LIMITED, WORLD BANK, CHINA ROAD AND BRIDGE CORPORATION, AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION

Lend Lease still busy

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Original article by Michael Bleby
The Australian Financial Review – Page: 34 : 26-Sep-14

Lend Lease gained $A4.94bn worth of construction contracts in 2013. This ranks it first on the Housing Industry Association/Cordell Construction list of the nation’s 100 largest contractors. Thiess and Brookfield Multiplex rounded out the top three, with $A2.88bn and $A2.51bn worth of contracts respectively. Multi-dwelling residential projects accounted for 20.7 per cent of contracts awarded to top 100 companies in 2013

CORPORATES
LEND LEASE GROUP LIMITED – ASX LLC, HOUSING INDUSTRY ASSOCIATION LIMITED, CORDELL BUILDING INFORMATION SERVICES, THIESS PTY LTD, LEIGHTON HOLDINGS LIMITED – ASX LEI, BROOKFIELD MULTIPLEX LIMITED, BGC (AUSTRALIA) PTY LTD, LEIGHTON CONTRACTORS PTY LTD, ABIGROUP LIMITED, BAULDERSTONE PTY LTD, MERITON APARTMENTS PTY LTD, PARKVIEW GROUP, ICON CONSTRUCTION AUSTRALIA PTY LTD

Contractors feel pain of tumbling iron ore prices

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 17 : 9-Sep-14

Falling iron ore prices have had a negative impact on engineering and mining contractors providing services to iron ore mining companies. Analysts have downgraded their ratings, and the share prices of companies such as Mineral Resources, NRW Holdings and Macmahon Holdings are likely to be under pressure. The stock of Mineral Resources fell 1.8 per cent on 8 September 2014 after it was downgraded by RBC Capital Markets from "outperform" to "sector perform"

CORPORATES
MINERAL RESOURCES LIMITED – ASX MIN, NRW HOLDINGS LIMITED – ASX NWH, MACMAHON HOLDINGS LIMITED – ASX MAH, FORTESCUE METALS GROUP LIMITED – ASX FMG, WESTERN DESERT RESOURCES LIMITED – ASX WDR, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, LEIGHTON HOLDINGS LIMITED – ASX LEI, DOWNER EDI LIMITED – ASX DOW, MONADELPHOUS GROUP LIMITED – ASX MND, AUSTIN ENGINEERING LIMITED – ASX ANG, BRADKEN LIMITED – ASX BKN, EMECO HOLDINGS LIMITED – ASX EHL, RBC CAPITAL MARKETS

NBN connections soar in a year

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Original article by Mitchell Bingemann
The Australian – Page: 2 : 1-Jul-14

Greg Adcock, COO of NBN Co, has issued new and promising data on its progress in rolling out the Australian Government’s national broadband network. The number of premises connected to the cabling infrastructure has risen from 27,250 to 106,000 during 2013-14, while that of actual users is also up from 1,870 to now about 16,000. NBN Co and the main contractor, Ericsson, have a target of 450,000 connections by mid-2015. However Ericsson, which is being paid $A1.1bn, had suffered a series of setbacks

CORPORATES
NBN CO LIMITED, ERICSSON AUSTRALIA PTY LTD, TELEFON AB LM ERICSSON