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Listen2Digital's backers include Phil Riley's Orion Media and engineering services group, Babcock International.
But they have been boosted by news that the engineering services group, alongside US partner Fluor, has been appointed preferred bidder for a £7bn, 14 year contract to manage the decommissioning of 12 UK nuclear sites.
Babcock International, under pressure recently in the wake of its near £1bn purchase of helicopter group Avincis, added 55p to £13.47 after the engineering services group, alongside US partner Fluor, was appointed preferred bidder for a £7bn, 14 year contract to manage the decommissioning of 12 UK nuclear sites.
Such ideas, perhaps visualizing an engineer as a throwback to the grimy past of the Industrial Revolution, might be ingrained in the British psyche, according to John Reece, chairman of Reece Group, a military products and general engineering services group that employs around 500 staff.
IBM says its custom chip and chip system design and engineering services group signed a five-year deal with defense company Raytheon that could be worth up to $100 million.
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Engineering support services group Babcock International said yesterday it was making 290 workers redundant at its Rosyth dockyard in Scotland.
German engineering and services group Bilfinger has signed an agreement to acquire Johnson Screens from Weatherford International Ltd.
The engineering support services group said it had traded well in the third quarter following a strong first half, with the economic climate continuing to support outsourcing.
The engineering and services group Bilfinger SE is selling its Water Technologies division to Chinese water technology company Chengdu Techcent Environment Group.
Ahead of a meeting with investors and analysts, the engineering support services group said first half trading had remained positive, and it repeated that full year results would be in line with expectations.
Engineering and services group Bilfinger has completed the sale of its Water Technologies division to Chinese company Chengdu Techcent Environment Group (see Filtration Industry Analyst, February 2016).
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