High-risk deal may be rewarding
Ailing construction group Basil Read has announced that its French-based parent company, Bouygues Travaux Publics, will sell 51% of Basil Read to an empowerment consortium.
Majority stake in Basil Read for black group
Construction group's major shareholder has agreed to sell almost 52% of the group to a black consortium
Building giants buckle under rand strain
Construction industry heavyweights Aveng as well as Murray & Roberts are expected to report a 'tough' financial year to June in the next few weeks
Basil Read leaves high-stakes table
New CEO Heyns has dropped strategy of chasing big, risky projects in Africa
Basil Read expects 120% rise earnings
Construction group Basil Read expects earnings and headline earnings per share for the six months ending 30 June 2005 to improve by between 100% and 120%
The engineer has no clothes
Order books of construction contractors could become useless as a measure of business health in this sector with the apparent rise in the number of contracts gone wrong.
Small is the new big in sluggish building sector
Small was big during the construction sector reporting season that ended last week
Basil Read CEO talks up company's outlook
Construction company is no longer on a downward slide the company has been stabilised following restructuring initiatives, CEO Marius Heyns said earlier this week
Basil Read reels as four directors quit
Four directors of construction group have resigned, amplifying signals that the company is in trouble
Basil Read trading statement points to full-year loss
Construction company is heading for a loss in its fullyear results if the group's latest trading statement is to be believed
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