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Posts about Construction

Persimmon: Unjustified Criticism Forces Resignation of Valuable Senior Management

MarketLine

In February 2012 Persimmon, the UK-based homebuilding firm, announced ambitious plans to make dividend payments to investors totaling nearly £2bn ($2.67bn) over a ten year period. Eight months later the company’s Long Term Incentive Plan was approved by the board and shareholders, providing rewards for management pegged to dividend payout amounts. Fast-forward five-and-a-half years and the goal has almost been reached. During that time annual revenues have nearly doubled and the share price has increased by a factor of more than three-and-a-half. In the coming weeks the company’s CEO is… Read more

World’s largest airport under construction in Istanbul

MarketLine

Turkey, and Istanbul in particular, has seen a strong rise in the number of passengers using air travel in recent years. This has been most evident in the case of Ataturk Airport which as the hub of the country’s national airline company Turkish Airlines, has seen its capacity limit pushed to breaking point. With the 2016 terrorist attack at the airport also showing its security vulnerabilities, the city authorities as well as the national government were therefore very keen on building a new airport which could deal with the strong… Read more

Brexit – the meaning of a messy divorce for the Euro area.

MarketLine

The lending channel between many industries and banks in the Euro area has been far from normal since 2008. This factor puts Britain in a better position to negotiate Brexit next year. The Euro area will embark on a period of further unprecedented slowdown by detaching itself from the world’s fourth largest economy. Credit to industries coming from the banking sector is key for the region to grow as the single currency area has a bank-based model as opposed to a capital market model. Debt financing to companies is largely… Read more

Trump’s win is good news for US economy

MarketLine

Donald Trump’s whole mantra during his campaign (as evidenced by his rather natty headwear) has been to ‘Make America Great Again.’ In order to do this, he knows he must make the US competitive on the global stage. He has pledged to reduce taxes heavily for low and middle income Americans and also to make sure that the wealthy (including corporations) do not pay too much as that undermines jobs. This should help boost the currently questionable level of job creation and to increase spending power, which should in turn… Read more

The Olympic Stadium and West Ham’s deal of the century

MarketLine

The Olympic Games was held in London in 2012 much to the joy of the majority of the British public. After an arduous bidding process, the London delegates overcame the bid from Paris and scenes of jubilation from famous sports personalities and members of the royal family were filtered around the world. The Olympics is viewed as a festival of sporting accomplishment and it requires a huge investment from the government, and in turn, the people of the nation in which the event is being hosted. Once the bid was… Read more