MARKET MOVES
FAA Appeals Drone Ruling as Use Soars
The Federal Aviation Administration is pressing its effort to restrict use of unmanned aerial vehicles after it lost a legal ruling regarding regulatory authority over smaller drones. But amid a rising tide of drone usage, including by contractors and...
MARKET MOVES
SKF supplies solutions to the e-up!, Volkswagen’s first full electric car
SKF is supplying Volkswagen with energy efficient bearings to the E-powertrain of their first full electric vehicle, the e-up!. SKF is supplying customized tapered roller bearings and SKF eDrive Ball Bearings to the electric motor and...
MARKET MOVES
Argyll and Bute infrastructure development plan approved in Scotland
Scotland's government has granted approval to Argyll and Bute Council's £18.9 million plans for the Lorn Arc under the Tax Incremental Finance (TIF) scheme. The TIF scheme is expected to attract £125...
MARKET MOVES
AfDB funds Kenyan infrastructure projects
African Development Bank (AfDB) has signed loan and protocol grant agreements of $97 million and $120 million with the government of Kenya for construction of the Thwake multi-purpose dam and Outer Ring road projects respectively. ...
MARKET MOVES
Coillte profits decline to €19.9m
Coillte has today announced profit after tax of €19.9m for 2011. The natural resources company today also announced the payment of a €2m interim dividend for 2012 to its shareholders, in addition to the €10m dividend...
MARKET MOVES
West Fraser shares rally after second-quarter results
West Fraser Timber Co’s shares rose by 2% as it reported second-quarter earnings of C$27m and earnings per share of C$0.63 on sales of C$774m. For the first six months of 2012, earnings were C$10m...
MARKET MOVES
GCC interiors market to see 87% growth in 2012
The overall GCC interior contracting and fit-out market will increase by 87 percent in value this year, the highest increase since 2008, according to new research. The market will be worth $9.4bn from $5.04bn...
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