AMEC sells facilities-services business

AMEC has sold its building and facilities-services business (BFS) to SPIE SA for a cash consideration of £117 million. In 2006, BFS generated revenues of £333 million, with a profit before interest, tax and intangible amortisation and exceptional items of £10 million. Gross assets were £56 million.



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Four new appointments at BCIA

THE Building Controls Industry Association (BCIA) has appointed a new Vice-President and three new additions to its Management Committee.

Engineering services alliance welcomes retentions reporting legislation

Engineering services alliance Actuate UK has warmly welcomed the new secondary legislation which will require reporting of cash retentions held by the large construction companies under the Reporting Regulations.