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NCE Live News Updates 7 May 2013: Skanska predicts weak construction market; Arup buys in Australia

The European construction market is expected to remain weak over the next year, said international contractor Skanska in its latest trading statement.

10:33: The European construction market is expected to remain weak over the next year, said international contractor Skanska in its latest trading statement.

“The European markets are expected to remain weak, particularly for large civil construction projects and competition for these projects is intense,” said the firm.

The firm’s UK business is expected to decline in non-residential building, residential building and civils.

The firm has posted an increased revenue of SEK 28.2bn (£2.7bn) for the first three months of 2013, a 7% growth from the previous year. Profit grew to  £33M, a 199% increase from £11M for the same period last year

 

Consultant Arup has acquired an economic consultancy in Australia.

The consultant will use the Strategic Economics Consulting Group’s expertise to launch a economics consulting business focusing on regulated markets and the transport logistics sector.

“Arup in Australasia is excited to enter into this new phase with SECG,” said Arup’s chief executive for Australasia Peter Bailey. “We have a long and successful history in planning our communities and this enhanced capability will result in better understanding of developments as a whole – all that influences it, everything it requires to succeed and the likely implications if it goes ahead.”

 

London Chamber of Commerce and Industry has today launched a campaign to protect transport funding.

The “Grow London – tell George” campaign aims to protect London transport funding in the forthcoming government spending review.

The campaign highlights five key projects in need of investment; the Northern line extension, Picaddilly line upgrade, Euston station redevelopment, Crossrail 2 and a new bridge in East London.

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