Amey sale rumours

A statement Ferrovial said: 'The company has entrusted an external consultant to explore the potential divestment of all or part of the assets of the services division of which Ferrovial owns directly or indirectly.

Reports The Financial Times reports that investment bank Goldman Sachs has been appointed to handle the sale of Ferrovial's services business. The company is said to want to narrow its focus to transport infrastructure, including its profitable toll roads business in North America, where it registered a 'strong performance' in its statement to stock exchanges in May.

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Redditch, Worcestershire. Ideally you should be a member of a professional body, such as the Energy Institute. Birmingham, West Midlands. We are looking for a permanent, full time Workshop Technician to join our team at Tyne Mills, Hexham. Tynemills Depot, Hexham, Northumberland. Telford, Shropshire. This post is responsible for dealing with Street Scene issues across the Central and North of Birmingham. The post holder will undertake technical work related to street works management to ensure that the Council fulfils its duties under legislation You will be in daily contact with members of the public and will be expected to assist bereaved family members in a sympathetic manner.

London Greater. Are you looking for working arrangements that enhance your work-life balance? The successful candidate will be part of a dynamic, friendly team and will also assist with campaigns and projects which aim to We are looking for a permanent, full time Workshop Technician to join our team at the Blyth Fleet Workshop. Blyth, Northumberland.

We are looking to recruit staff for both our day service and evening service. Redbridge, London Greater. A decade of investment invites the opportunity of a decade! Kirklees, West Yorkshire.

We are looking to appoint a suitably experienced and qualified candidate to work within the Contracts and Engineering team Wrexham Wrecsam. Highways on Fridays Register now! Latest Video. Sign up to receive your digital issue.A statement from Ferrovial said: 'The company has entrusted an external consultant to explore the potential divestment of all or part of the assets of the services division of which Ferrovial owns directly or indirectly.

Reports The Financial Times reports that investment bank Goldman Sachs has been appointed to handle the sale of Ferrovial's services business.

The company is said to want to narrow its focus to transport infrastructure, including its profitable toll roads business in North America, where it registered a 'strong performance' in its statement to stock exchanges in May. Transport Network apologises. Already a registered? Amey up for sale, as Ferrovial divests services Dom Browne. UK roads and services contractor Amey is being put up for sale as parent company Ferrovial, the Spanish infrastructure group that is also a part owner of Heathrow, is looking to sell its global support services division.

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Use the link below to register your details for full, free access. Login Username:. Keep me logged in:. Using your knowledge and experience in highways maintenance you will support and advise your colleagues and contractors. Redditch, Worcestershire. Ideally you should be a member of a professional body, such as the Energy Institute. Birmingham, West Midlands. We are looking for a permanent, full time Workshop Technician to join our team at Tyne Mills, Hexham.

Tynemills Depot, Hexham, Northumberland. Telford, Shropshire. This post is responsible for dealing with Street Scene issues across the Central and North of Birmingham. The post holder will undertake technical work related to street works management to ensure that the Council fulfils its duties under legislation You will be in daily contact with members of the public and will be expected to assist bereaved family members in a sympathetic manner.

London Greater. Are you looking for working arrangements that enhance your work-life balance? The successful candidate will be part of a dynamic, friendly team and will also assist with campaigns and projects which aim to We are looking for a permanent, full time Workshop Technician to join our team at the Blyth Fleet Workshop.Throughout construction of the project, the partners will deliver Lots C2 and C3 of the HS2 high-speed railway.

This 80km section runs between the Chilterns to Warwickshire and includes 15 viaducts, 5km of green tunnels, 22km of road diversions, 67 overbridges and 30 million cubic metres of excavation.

The total value of the section, including the design and development work already completed is GBP2, million. Since the commencement of the design and development phase inthe joint venture has conducted scheme design and some ground investigation works.

Amey goes up for sale

This includes the creation of our innovative 'Heave Monitoring Site' near Warwickshire to assess ground movement. The site has also been used to develop a platform that ties together data from a multitude of independent systems to present integrated, real-time reporting and insights, which will significantly reduce cost, environmental impact and improve the productivity and safety of operations.

The courses are completely free and give people the qualifications to build a successful new future in the world of civil engineering. Additionally, BAM Nuttall and Ferrovial Agroman offer in-depth working knowledge of the route as they are currently delivering the central section of the HS2 Enabling Works as two thirds of the Fusion joint venture. We have been successfully delivering the design and development phase since and working with our new partners BAM Nuttall and Ferrovial Agroman alongside Eiffage we will collectively bring invaluable knowledge and expertise throughout delivery to play our part in the most sustainable high-speed railway of its kind.

We are very proud to contribute to this project which has become possible thanks to the collaborative approach set by HS2 Ltd since Whatever difficulties countries are currently facing, we stay confident in the fact that we will overcome the crisis and successfully deliver this ambitious project.

BAM Nuttall is proud to be involved in this transformational scheme and we look forward to bringing our expertise to this key infrastructure project.

It is a fantastic opportunity for us to build on our HS2 enabling works experience and bring our expertise in infrastructure - high speed rail delivery in particular - to deliver further works for this vital scheme. This partnership is a deeply positive and definite step for us, our client, the supply chain and the UKespecially in light of the current global climate. Kier is a leading provider of construction and infrastructure services.

We provide specialist design and build capabilities. The knowledge, skills and intellectual capital of our people ensure we are able to project manage and integrate all aspects of a project.

Listed on the London Stock Exchange and with a network of UK offices Kier offers national coverage across all its core activities. With a turnover of GBP4. Eiffage is one of Europe's leading construction and concessions companies.

The Group's activities are organised around the following business lines: construction, real estate and urban development, civil engineering, metal, roads, energy and concessions. Thanks to the experience of more than 72, employees, Eiffage generated revenues of EUR Eiffage completed in the construction of the Bretagne-Pays de la Loire project, one of Europe's latest high speed rail line projects, which stretches kms and aims to greatly improve access to Western France.

It has also delivered key projects including the Channel Tunnel Rail Link. Royal BAM Group is one of Europe's largest contractors, delivering exceptional engineering, design, construction, property management and investment services. BAM's ten operating companies work globally in five European home markets and in niche markets worldwide.A host of engineering and construction giants are keeping a close eye on the movements of Ferrovial as the Spanish contractor considers offloading Oxford-based highways contractor Amey.

Earlier this week Ferrovial confirmed that it has engaged a consultant to examine the possibility of selling its services division, which includes Amey in the UK. The Financial Times has reported that the consultant is Goldman Sachs. And with a number of global firms recently snapping up UK assets, international consultants and contractors are again emerging as early front-runners to acquire Amey, should Ferrovial follow through on the sale.

Japanese engineering giant Nippon Koei is likely to be among those looking at Amey after missing out on Hyder in to Arcadis.

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Arcadis themselves could of course swoop again for Amey. Another potential buyer could see Singapore firm Surbana Jurong enter the fray. Last year, the Singaporean outfit swooped for Australian consultant Robert Bird group and according to industry sources, the Asian consultancy is on an expansion drive, including buying specialist firms. The likes of Arcadis, Jacobs, Aecom and SNC Lavalin will also be keeping a close eye on the future of Amey, however industry sources suggest that they will be unlikely to want to take on the PFI contracts tied to Amey.

It has been a mixed couple of years for Amey. Following complaints from residents over pot-holes, the local authority and Amey became embroiled in a lengthy a legal dispute about the quality of works carried out so far under the year maintenance and management service.

Birmingham City Council was ultimately successful.

amey sale rumours

A spokesperson for Ferrovial told New Civil Engineer that the company had made no final decision. No decision has been taken yet. Sign in or Register a new account to join the discussion. You are here: Latest. Rob Horgan. Amey announces U-turn on coronavirus sick pay Amey has changed its approach to sick pay for employees affected by…. Amey highways boss slammed for coronavirus pay stance An Amey senior executive has been slammed by the GMB trade union….

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You can opt out of some cookies by adjusting your browser settings. More information on how to do this can be found in the cookie policy. By using our site, you agree to our use of cookies.Join the Green Party. Amey PLC, which has felled more than 5, mostly healthy street trees in Sheffield sincehas sold its stakes in the ruinous year Sheffield private finance initiative PFI deal, Green World has exclusively learned. However, the Amey press office has refused our request to reveal to whom it sold its stake in the deal, so the identity of the new owner remains unknown.

Two separate owners of the PFI deal, one based in the tax haven of Guernsey, remain in place. Goldman Sachs, the international banker and deal-maker that Ferrovial has engaged to sell its assets, declined to comment on Monday, while the two private equity firms, one British and one French, which both The Financial Times and The Times have recently reported as the likely buyers of Amey PLC, told Green World in interviews last week that they had not purchased Amey VAHL.

amey sale rumours

But PFI and investment experts we interviewed suggested that other private equity firms across the world were probable purchasers. The main asset of a PFI-based firm is that its revenues are guaranteed by Westminster for the life of the contract, which is often 25 years.

One is based in the tax haven of Guernsey and did not return our phone calls. Last year, Manchester bought out a failing waste management PFI in its region. In Birmingham, the parent company is in administration. Rather curiously, the Amey press office also refused to even release the name of the branch of its own company that is temporarily doing the road work and other construction, road gritting, street cleaning and rehab work for SCC.

amey sale rumours

The PFI project is at least a year behind schedule. Amey PLC no longer has an ownership interest that is, a shareholder vote in the PFI deal; it is now a merely a contractor working for the two other longer-term owners, as well as the new, still undisclosed, owner of Amey VAHL. As things stand now, Sheffield residents will be paying for the PFI scheme until the year PFI contracts allow private, profit-making companies to take over, control and manage buildings and services usually operated by local councils, the NHS or Westminster.

PFI schemes are now so discredited, indeed downright toxic, that not even the Tories will establish another one, Chancellor Philip Hammond announced in November Whether Labour-controlled SCC has the competency to manage this complex and mostly secret PFI contract is an issue that may arise in the campaign for the 2 May local elections.

Other short- and long-term implications of the recent sale remain uncertain.

Infrastructure woes lead to Amey being advertised for sale

As a result of a very effective non-violent direct action campaign — chiefly, standing under threatened street trees — the wrongful arrest of many tree campaigners and widespread political campaigning, Amey and SCC were forced to halt the felling of street trees in Sheffield in the middle of March New fellings of healthy street trees would likely be a catalyst for fresh street protests.

There is certainty about one thing: Amey and the overall PFI model is in deep trouble. Stay tuned! Alan Story. Tue 12 Mar Amey in deep trouble There is certainty about one thing: Amey and the overall PFI model is in deep trouble. Want to share this article? Categories Environment.

Local Government.Beleaguered contractor Amey got a further boost yesterday as investors digested speculation that the company could be broken up or sold. The stock rose 1. The shares bucked the market despite suggestions that too many uncertainties remained to make the stock a clear bargain. Still the shares remain well below the In the market as a whole, traders largely ignored strong economic data which showed the UK economy growing faster than anticipated in the third quarter. Instead they focused on the slump in US durable goods orders, which dropped 5.

The numbers kept the mood grim and ensured a skittish opening on Wall Street but lent some support to hopes that the US Federal Reserve may cut interest rates.

Dealers were surprised the market held up as well as it did, with the FTSE falling One trader said: "This could be a good sign. If these figures had come through a few weeks ago, we could easily have been down points. Steelmaker Corusdown 2. Supermarket shares were also in the spotlight after poor sales data from Ahold, the world's third-largest supermarket chain.

It said its US operations are struggling. Sainsburywhich has US exposure through its Shaw's business, fell 9. Renewed fears over asbestos liabilities, sparked by a court ruling against Dow Chemical's Union Carbide, hit industrials and insurance stocks. Other financials were similarly weak. Standard Chartered was down 27 at p as rumours grew that bookbuilding for its Hong Kong offer was progressing slowly.

amey sale rumours

Sources said there was no natural audience for the shares, as international investors could obtain the shares in London, while retail buyers remain cautious. European parliament plans to boost compensation for delayed or stranded passengers were an unsettling factor for airline stocks. British Airways eased 3. Spectris was one of the few to post significant gains, ending the day The wives of three directors, including chief executive Hans Nilsson, were said to have bought 35, shares this week at prices between p and p.

Dunloe Ewart shares leapt 5 to 26p after the property investment company said it had agreed a management buyout. Glassmaker Pilkington matched the weak market trend, losing 2 to 56p after Credit Suisse First Boston cut its price target and earnings expectations in a preview of the company's interim results due next week.AMEY, the stricken support services group, yesterday drew a torrid year to a close by issuing a second profits warning in less than a month.

The company, which has seen its share price fall 92 per cent this year, gave warning that full-year earnings would be 23 per cent lower than forecast because of a shortfall in the amount it expects to make on the disposal of a portfolio of Private Finance Initiative PFI investments.

However, Amey said yesterday that the deal would not be completed until mid-January and admitted that the sale price was likely to be lower than previously anticipated. Subscription Notification. We have noticed that there is an issue with your subscription billing details.

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Click here to see more Tap here to see more Tap here to see more. Accessibility Links Skip to content. Log in Subscribe. Bleak year for Amey ends with warning. By Angela Jameson, Industrial Correspondent. Tuesday December 31


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