Carillion site:  the builder has announced a venture to extend and maintain eight schools in England’s Midlands. Photograph:  Cathal McNaughton/Reuters:

Carillion is focused on expanding its own business in an improving construction market after several attempts to form Britain’s biggest builder by acq(...)

A Carlsberg flag flies outside the brewing group’s headquarters in Copenhagen, Denmark, yesterday. Carlsberg, Russia’s biggest brewer, cut its full-year forecasts for revenue and earnings even as quarterly profit beat estimates, causing the shares to slump 3.6 percent. Photograph: Freya Ingrid Morales/Bloomberg

Trading was relatively flat across most of Europe following two consecutive days of gains. In the US, stocks rose to within five points of an all-t(...)

Balfour Beatty said its turnaround strategy, centred on the sale of its US engineering business, was a better prospect for investors than Carillion’s sweetened offer. Photograph: Simon Dawson/Bloomberg

British construction company Carillion has said it has abandoned its pursuit of a merger with Balfour Beatty after Balfour rejected its advances for t(...)

“In our board’s judgment, it wasn’t a credible proposal that was going to fix all the risks for Balfour Beatty shareholders,” said Balfour executive chairman Steve Marshall. Photograph: Simon Dawson/Bloomberg

British infrastructure company Balfour Beatty has rejected a second merger proposal from rival Carillion, saying it would pose significant risks to it(...)

 American Apparel: results today
For your diary

TODAY Results: Acer; American Apparel; Nuance Communications. Indicators: Japanese consumer confidence index (July). Other: Bank of Ja(...)

 Barclays slipped back over 5% after pretax profits fail to match analyst expectations. Photograph: PA

The Iseq fell by 0.47 per cent as stock markets around the world slipped due to pressure caused by the ongoing geopolitical uncertainty over Ukrain(...)

Balfour Beatty CEO Andrew McNaughton has quit the company following a profit waring. Photo: Bloomberg

Balfour Beatty said on Tuesday its chief executive Andrew McNaughton had quit as it warned that 2014 pre-tax profits would be significantly lower tha(...)

Out Wednesday: Irish  live register
For your diary

TO DAY (...)

Ryanair closed up almost a point. Photograph: Paul Thomas/Bloomberg

Trading is expected to be thin for the rest of this week as US markets close early today and all of Thursday for the US Independence Day holiday. Stoc(...)

The Government last year gave Bord Gáis the responsibility for establishing the new State water company.

State company Bord Gáis Éireann is poised to award the Irish Water customer call centre contract to Abtran in(...)