NewsnReleases

Financial news, corporate announcements, analysts’ reports

construction sector

  • OCI Global, Orascom Construction agree on Abu Dhabi-based infrastructure merger

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    PARIS: – OCI Global (Euronext: OCI) and Orascom Construction PLC (ADX, EGX: ORAS) said on Tuesday they have reached an agreement to combine operations, creating a new Abu Dhabi-anchored infrastructure and investment platform aimed at expanding global reach and growth prospects. Under the deal, OCI shareholders will receive 0.4634 Orascom Construction shares for each…

  • Kier Group reports strong FY25 performance with record order book and dividend growth

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    The company reported adjusted revenue of £4.09 billion, up 3% from the previous year LONDON: Kier Group plc, a leading UK infrastructure services, construction and property firm, posted a robust financial performance for the year ended June 30, 2025, marked by revenue growth, improved margins, and a record order book. The company reported adjusted…

  • Vulcan Steel to acquire Roofing Industries in NZ$88 million deal

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    The company reported FY25 revenue of NZ$948 million, down 10.9% SYDNEY: Vulcan Steel Ltd (ASX/NZX: VSL) said on Tuesday it will acquire New Zealand-based Roofing Industries Ltd for NZ$88 million, marking its twelfth acquisition since 1995 and expanding its footprint into the steel roofing and cladding segment. The deal, which includes associated businesses Ribline…

  • Israel GDP grows 3.4% in Q1 as Gaza ceasefire provided brief respite 

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    JERUSALEM: Israel GDP grew at an annualized rate of 3.4% in the first quarter, buoyed by a temporary Gaza ceasefire that allowed businesses to rebound before fighting resumed in mid-March, official data showed Sunday.  The Central Bureau of Statistics reported the expansion in Israel GDP (gross domestic product), slightly below economists’ median forecast of…