Company News Roundup: 2 December 2014

Last Updated:

28th November 2014

Balfour Beatty and Places for People tipped to build 1,500 new Stratford homes

A joint venture between Balfour Beatty and Places for People is understood to be favourite to build a major housing development at the Queen Elizabeth Park.

The East Wick and Sweetwater scheme will deliver up to 1,500 homes in Stratford, which will include private rented sector and affordable homes.

Company page: Balfour Beatty

TEG looks to sell its operating division due to Costain retentions row

TEG will explore the sale of its operating division after failing to exit its Greater Manchester waste deal with Costain which has plunged the firm into uncertainty.

The Lancashire-based green waste specialist suspended trading its shares on the AIM market amid a £2.8m retentions row with Costain last month.

Company page: Costain

Kier announces £120m influx through through USA private placement market

Kier has announced that it has raised £120m through the US private placement market.

The private placement - securities not sold through public offering - comprises both sterling and dollar notes, with maturities of between seven and 10 years, and a blended interest rate of approximately 4.5 per cent.

Company page: Kier

TEG looks to sell its operating division due to Costain retentions row

TEG will explore the sale of its operating division after failing to exit its Greater Manchester waste deal with Costain which has plunged the firm into uncertainty.

The Lancashire-based green waste specialist suspended trading its shares on the AIM market amid a £2.8m retentions row with Costain last month.

Company page: Costain