DAKAR, March 5- Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission. CEO Steve Schwarzman said he would continue to seek partners like Aliko Dangote-- Africa's richest man, with whom...» Read More
*HeidelbergCement up after better-than-expected profits. LONDON, Nov 6- European shares fell on Thursday, with switch maker Legrand underperforming, as investors' caution that a European Central Bank meeting might not yield new monetary easing measures weighed on markets. Swiss staffing company Adecco also fell 3.4 percent after it said that the pace of...
Rob Sindel, CEO of CSR, is optimistic on Australia's construction scene despite a recent fall in home building approvals.
LAGOS, Nov 4- Nigeria's main share index hit a 13- month low and government bonds fell on Tuesday as foreign investors pulled out of Nigerian assets, prompting the central bank to sell dollars to support the ailing naira. Nigeria's currency has come under pressure in the past two months from falling global oil prices, dampening appetite for assets in Africa's...
*Disposals needed for regulatory approval of Lafarge merger. ZURICH, Nov 3- Switzerland's Holcim has received more than 60 bids for assets it must sell to win regulatory approval for a merger with Lafarge, the cement company said as it reported third-quarter results that missed expectations. Sales and profit were hurt by a weaker than expected recovery in...
Oct 29- Oil and gas producer Hess Corp posted a better-than-expected quarterly profit on Wednesday as production jumped and costs fell in North Dakota's booming Bakken shale formation. The company, which also produces oil in Norway, Ohio and the U.S. Net income surged to $1 billion, or $3.31 per share, in the third quarter from $420 million, or $1.23 per share, in the...
The world's biggest eyewear maker last week announced that veteran Procter& Gamble manager Adil Mehboob-Khan would be chief executive together with longtime Luxottica manager Massimo Vian. The departures undermined Luxottica's reputation as one of the rare family-owned European companies that had successfully handed management to independent...
Oct 21- As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Halliburton, the world's largest provider of fracking services, is more than doubling its railcar fleet and...
ZURICH, Sept 30- Cement makers Holcim and Lafarge are stepping up plans to shed assets in order to win clearance from competition regulators for their planned mega-merger, including possibly spinning them off into a new company.
As home builders try to gain more business, more will be going after the entry-level buyer, real estate expert Bradley Hunter told CNBC Wednesday.
LONDON, Sept 18- Irish cement maker CRH is exploring a bid for all the assets rivals Lafarge and Holcim must sell to steer their mega-merger past competition watchdogs, two sources familiar with the matter told Reuters. Bain, Onex and another limited partner form the fourth consortium, the sources said.
Sept 15- Hanson Building Products Ltd, owned by HeidelbergCement AG, filed with U.S. regulators for an initial public offering of ordinary shares. BofA Merrill Lynch, BNP Paribas and Deutsche Bank Securities were underwriting the IPO, Hanson told the U. S Securities and Exchange Commission in a preliminary prospectus on Monday.
MEXICO CITY, Sept 9- Mexican construction companies, including Grupo Ica and billionaire Carlos Slim's Grupo Carso, have formed a consortium to bid on contracts to build a new airport for Mexico City, construction industry group CMIC said on Tuesday.
CNBC's Rick Santelli reports the latest ISM and construction spending data.
Charlie Campbell, building materials and housebuilders analyst at Liberum, says the cooling in U.K. house prices is supportive of real estate stocks.
In a $6 billion deal, engineering giant AECOM Technology Corporation, announced its acquisition of rival URS. AECOM Technology Corporation CEO Mike Burke discusses the deal, the regulatory environment outside the U.S., and his confidence in regards to paying down debt.
Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.
The May ISM Manufacturing Index is 56 versus what was originally reported as 53.2, reports CNBC's Steve Liesman.
ISM's CEO is now reporting May's ISM Manufacturing Index is 55.4, with CNBC's Steve Liesman. ISM originally reported 53.2 and later revised it to 56.0.
CNBC's Rick Santelli reports the latest ISM manufacturing data, and Steve Liesman provides insight on the number.
Toll Brothers CEO Douglas Yearley, discusses the impact of interest rates on home builders and the overall state of the housing market.