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United Utilities will set out its plans next week for  a £multi-million upgrade of the Allonby beach sewer scheme.

Balfour Beatty has dismissed today’s latest statement from Carillion on its bid attempt, saying it fails to address “the significant risks” set out in Balfour Beatty’s announcement of 11 August.

Carillion has held a number of meetings this week with Balfour Beatty’s major shareholders outlining the benefits of its merger bid, which includes a one-off dividend of £59 million for Balfour’s shareholders.

Bristol Water has said it remains confident that its AMP6 Business Plan has the support of customers, following  water industry regulator Ofwat’s  identification of what it described as a £203m “gap” in the Plan.

Pennon Group, owner of  South West Water, said the water company  is continuing its strong financial performance with the publication this morning of its Interim Management Statement.

Balfour Beatty’s half year 2014 results announcement confirms that “ongoing issues” in UK construction have led to a disappointing performance - underlying pre-tax profits fell by £25m during the period.

Balfour Beatty has rejected a revised merger proposal put forward by Carillion after Balfour announced on 31st July that discussions had been terminated – with ongoing disagreement around the sale of Parsons Brinckerhoff a key reason for the breakdown in negotiations.

Nippon Koei Uk Topco Ltd,  a subsidiary of leading Japanese engineering consultancy  firm Nippon Koei, has outbid Arcadis Consulting’s offer of £256.2m for Hyder Consulting in a deal worth £268.1m.

Access Hire Nationwide Limited and Welfare Hire Nationwide Limited have been acquired in a venture capital backed management buyout by Elysian Capital I LP.

NG Bailey, the UK’s largest independent engineering, IT and facilities services provider, has announced its financial results for the year to 28 February 2014, posting an underlying operating profit of £2.1m.

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