WorleyParsons shareholders have joined together in a $50 million class action claim filed by ACA Lawyers alleging the engineering group breached its continuous disclosure obligations when it gave profits guidance in mid-2013
Construction group CIMIC has named Adolfo Valderas as deputy chief executive officer, positioning the Spaniard to take over from CEO Marcelino Fernandez Verdes when he returns to Spain.
Construction giant CIMIC, formerly known as Leighton, says it remains on track to meet its its full-year profit guidance of up to $520 million.
In a sign that green is the new black, as many as 1000 projects across Australia have now received Green Star certification, the Green Building Council of Australia says.
WorleyParsons has appointed advisers to defend against a potential takeover bid, with chairman John Grill acknowledging the engineering group's low stock price made it vulnerable.
The City of Melbourne has given the 400 owners of apartments in the LaCrosse residential building in Docklands a year to replace the building's non-compliant cladding with panels that meet Australian fire-safety standards.
Crescent Capital Partners managing partner Michael Alscher said Cardno shareholders should sign up to the private equity firm's partial takeover offer as the share price will drop "materially" next week.
Transfield Services is facing a stormy annual general meeting on Wednesday as activists prepare to release a report on alleged abuses at detention centres on Manus Island and Nauru run by the contractor and organise protests.
Newly listed home builder Simonds Group, which has failed to boost its share price since listing less than a year ago, is on the hunt for a new chief executive after Paul McMahon said he would step down.
Construction's dependence on residential work is laid bare by the latest RLB Crane Index that shows more cranes than ever dedicated to the c...
The number of new houses being started in the United States is up 6.5 per cent to an annualised rate of 1.21 million, more than forecast an...
Unlimited access to business news and market insights across any device
Already a subscriber? Log in
