|Bid||144.45 x 0|
|Ask||144.60 x 0|
|Day's Range||141.90 - 153.50|
|52 Week Range||141.90 - 188.50|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||16.56|
|Forward Dividend & Yield||8.25 (5.03%)|
|1y Target Est||177.75|
Swedish builder Skanska said on Thursday it booked charges of 1.3 billion crowns ($143.81 million) in the third quarter relating to construction projects in the United States and its exit from the power sector in the country. Operating income in the third quarter is expected to be about 500 million crowns, Skanska added. Skanska's new strategy in the U.S. will include divesting operations in the power sector and ending its bidding for mega design-build public-private-partnership projects and engineering, procurement and construction projects, it added.
Shares in Skanska (SKAb.ST) slid on Friday after the Swedish builder reported an unexpected drop in second-quarter profit due to new project writedowns at its struggling U.S. construction business. Operating profit at the Nordic region's biggest builder, and one of the largest in the United States, fell 11 percent to 1.29 billion crowns ($145.1 million), the third quarterly fall in a row. The company said its construction division, which books the bulk of group sales and which has made large writedowns in the United States and Poland in recent quarters, booked additional writedowns at its U.S. business of about 520 million crowns for cost overruns in a civil construction project.
Shares in Skanska slid on Friday after the Swedish builder reported an unexpected drop in second-quarter profit due to new project writedowns at its struggling U.S. construction business. Operating profit at the Nordic region's biggest builder, and one of the largest in the United States, fell 11 percent to 1.29 billion crowns ($145.1 million), the third quarterly fall in a row.
One of the biggest contractors in the U.S. is a Swedish company called Skanska AB. Lena Hok, Skanska’s senior vice president sustainability, says there are plenty of ways to promote a green business agenda in the U.S. even if President Donald Trump has said he plans to exit the Paris climate accord.
Billions of dollars in new development is going up in some of the riskiest locations. Some developers are putting climate resilience front and center, while others are putting their projects and investors at risk.
Norway's private-sector trade unions reached a deal on Sunday with employers over wages, pensions and other compensation, averting the outbreak of major strikes, a state-appointed mediator said after five days of negotiations. Almost 35,000 employees had been scheduled to go on strike if no agreement was found, and a conflict could eventually have escalated to include more than 200,000 workers. A strike would immediately have idled aluminium smelters, fertiliser plants, ship yards and chemical factories, and could eventually have been extended to hit output of oil and gas, unions said ahead of the talks.
Norwegian companies and private-sector trade unions will extend negotiations on wages, pensions and other compensation past a midnight deadline (2200 GMT) in a bid to avert a strike by 35,000 workers, a mediator said late on Saturday. Both trade unions and employers must make further concessions if they want to prevent a strike, he added.
NEW YORK (AP) — Construction on a Greek Orthodox church to replace one that was crushed in the Sept. 11 attacks has been temporarily suspended amid rising costs and questions over how donations have been managed.
NEW YORK (AP) — The Latest on the halted construction at a church that was destroyed on Sept. 11, 2001 (all times local):