Company News Roundup: 11th June 2013

Clugston celebrates 75th year with record profits

Source: Construction News 

Clugston celebrated its 75th anniversary in 2012 with record profits, it announced today. Turnover increased by 30 per cent to £108.7m from £83.8m in the previous year, while pre-tax profits trebled from £2m to £6.1m in the year ended 31 January 2013. Energy-from-waste and education have remained core sectors for the firm.

Company Profile: Clugston Group Ltd 

Office of Fair Trading clears way for Kier May Gurney deal

Source: Construction News 

The Office of Fair Trading announced today that it will not be referring Kier’s takeover proposal of May Gurney to the Competition Commission. The decision clears the way for the acquisition to go ahead, with May Gurney shareholders set to vote on the Kier proposal at the general meeting on 13 June. Kier announced on 24 April that the companies had reached agreement in principle on an offer of £221m for the support services firm, trumping the previous £178m offer from Costain.

Company Profile: Kier Group  

AMEC wins £110m North Sea BG contract extension 

Source: Construction News  

BG Group has awarded Amec a £110m contract extension to provide construction and procurement services in the North Sea. Amec will provide engineering, procurement, construction, commissioning and project management for all of BG Group’s facilities in the central North Sea. 

Company Profile: AMEC Plc  

Crane drops load 

Source: The Construction Index 

A motorist in Leith had a lucky escape on Friday morning when a crane dropped its load onto his car. The driver was taken to Edinburgh Royal Infirmary for shock. A construction worker was also taken to hospital for minor injuries. The Health & Safety executive is investigating.The crane was working on the £4m redevelopment of a former market hall into apartments on Great Junction Street for the Port of Leith Housing Association.

Company Profile: The Department of Health, Social Services and Public Safety