RSS Feed Press releases

(News release University of Strathclyde:) Glasgow, 9 September 2021 - The role of fungi in helping to prevent landslips is being investigated in research led at the University of Strathclyde.

Bunnik, the Netherlands, 9 September 2021 – Royal BAM Group nv has reached agreement to sell the shares of its German operating company BAM Deutschland (including subsidiaries BAM Immobilien-Dienstleistungen and BAM Sports) to Zech Group SE and Gustav Zech Foundation. The transaction, which is subject to approval of the competition authorities, is expected to close in October. Financial details of the transaction are not being disclosed.

Unique scheme to improve and maintain 240km of flood defences in the Norfolk Broads, one of Europe’s most important wetland areas

(Press release Environment Agency:) 1 September 2021 - A host of environmental benefits and flood defences for towns and villages around the Norfolk Broads are the result of a 20 year project reaching its conclusion.

Hemel Hempstead, 20 August 2021 - The social value of developing the four newest major commercial buildings in the centre of Birmingham has been revealed by BAM, the contractor that has built them all.

Royal BAM Group nv reports for the first half-year of 2021 an adjusted EBITDA of €157 million versus an adjusted EBITDA of negative €54 million in the same period of 2020. All activities contributed to the operational improvement, with the exception of Dutch Civil engineering. The convertible bond (€120 million) and revolving credit facility (RCF; €400 million) were repaid in the period and the cash position remains solid. The order book of €13.8 billion remains high. BAM is making good progress with its new strategy, with continued focus on restructuring the portfolio, de-risking, increasing profitability and creating a sustainable platform for future growth. For 2021, BAM anticipates an adjusted EBITDA margin of around 3.5 per cent.

Camberley, 17 August 2021 - BAM Nuttall, working on behalf of Network Rail, has completed a nine-day blockade in Bearsted to prevent rock fall onto the track.

(Press release Thames Water:) London, 11 August 2021 - Thames Water has announced the BAM Nuttall and Doosan Enpure joint venture will carry out the relocation of Guildford sewage treatment works.

Hemel Hempstead, 10 August 2021 - When June Wilkinson, one of BAM’s Education and Community co-ordinators, was approached about creating an outdoor seating area for the workforce at the Sky Studios, Elstree site, she knew it was the perfect opportunity to partner with some great social enterprises and charities.

(News release HS2:) 10 August 2021 - HS2 this week opened a new railhead near the village of Calvert which will help the high speed rail project continue to deliver construction material by rail to its biggest Buckinghamshire site without putting extra lorries on local roads.