UK: HSE WORRIED BY 20% RISE IN BUILDING DEATHS

Article Abstract:

The Health and Safety Executive (HSE) is changing its strategy, in an attempt to address the 20% increase in deaths on building sites. Previously the 116 HSE inspectors had focused their attention on subcontractors and firms supplying materials to the industry. In future, the HSE will focus on Britain's large construction companies, like Amec and Balfour Beatty. The HSE believes larger companies are putting profits before safety and has urged them to avoid simply accepting the lowest quotes and using cowboy builders, who are less likely to be concerned about safety issues. In the year to March, 86 members of the public and construction workers died on building sites, compared to 68 the year before.

Use of services, Production management

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UK: ALLEN TO DISPOSE OF HOUSEBUILDING ARM

Article Abstract:

Allen, the UK building and engineering group, has announced plans to sell its housebuilding arm to privately-owned Morris for around GB[pound] 23.8mn. The news, which pushed shares in Allen up GB[pound] 0.08 to GB[pound] 2.46, fuelled speculation that the company will use the proceeds to acquire one of its smaller rivals, possibly tool hire group Brandon. Allen's group finance director, Neil O'Brien, confirmed that the group was looking at takeovers in its hire division, although stated that it would return the money to shareholders if a suitable target was not found.

Building Materials, Retail, Building Material and Supplies Dealers, Lumber and other building materials, Hardware Stores, Building materials industry, Allen PLC, Morris

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In Brief: Bovis 'on offer'

Article Abstract:

Bovis, the construction subsidiary of P&O, is currently holding talks concerning a possible takeover. A trade sale is the only viable way for P&O to get rid of the business and the potential buyer is Hochtief , the construction and contracting company. Bovis Homes was floated on the stock market in December 1997. This was an option too for Bovis Construction, but the recent turmoil put an end to these plans. *

Comment:

Is currently holding talks concerning a possible takeover of Bovis Construction

Acquisitions & mergers, Hochtief AG, Bovis Construction Ltd., Article

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