11 May 2026

The UK construction sector witnessed one of its steepest increases in input cost inflation in nearly four years during the past month, according to the latest S&P Global survey. Rising geopolitical tensions in the Middle East, particularly disruptions linked to the Iran conflict, led to supply chain delays and higher material costs across the sector. Construction activity also weakened sharply, with residential and civil engineering projects seeing the biggest slowdown. The survey further highlighted declining new orders, weaker business confidence, and faster job cuts as developers and contractors dealt with rising operating costs and uncertain market conditions.Read more

11 May 2026

Swedish construction and development company Skanska reported quarterly earnings largely in line with market expectations, supported by strong construction activity and continued demand for data centres and technology-related projects. The company recorded growth in operating profit and order bookings during the quarter, while maintaining a historically high order backlog. Commercial property activity showed signs of improvement, but residential housing demand across the Nordic region remained slow. The company also flagged continued uncertainty in the US commercial property sector and said geopolitical risks were still affecting the broader market outlook.Read more

11 May 2026

Bouygues SA’s Feronord consortium has secured the OL32 Skavsta contract, a key part of Sweden’s East Link rail project located south of Stockholm. The contract includes the construction of nearly 36 kilometres of railway infrastructure and is expected to play an important role in strengthening regional rail connectivity in the country. The execution phase of the project is likely to begin in early 2028 and is estimated to be valued at around EUR 1.2 billion. The development adds to Bouygues’ growing international infrastructure portfolio and reflects continued investment in large-scale rail modernisation projects across Europe.Read more

11 May 2026

Texas Pacific Land reported an increase in first-quarter revenue, supported by higher oil and gas royalty earnings and stronger production volumes in the Permian Basin. The company also benefited from a major land transaction tied to a large-scale data center project, which added notable revenue during the quarter. While production levels improved compared to last year, lower natural gas prices affected the average realized price per barrel. The company’s adjusted core profit came in below market expectations despite the rise in overall revenue. Major energy companies such as Chevron, Occidental Petroleum and ConocoPhillips remain among its customers.Read more

11 May 2026

Poland’s largest construction company, Budimex reported a more than 24% year-on-year decline in net profit for the first quarter, mainly due to severe winter conditions and lower activity in its road construction business. Construction sales in Poland dropped nearly 19% as snow and low temperatures disrupted work during the initial months of the year. The company also saw reduced output after completing several high-revenue road projects executed last year. Despite weaker revenue, Budimex maintained stable profitability margins and continued to strengthen its long-term order pipeline while expanding operations into rail, energy, industrial construction and international markets.Read more

11 May 2026

Toivo Group Oyj has entered into an agreement for a regional construction project valued at EUR 4.1 million in Honkasuo, Helsinki. The development reflects the company’s continued focus on expanding its residential and regional project portfolio in Finland. Honkasuo has been seeing steady growth as a planned residential area, attracting new housing projects. This deal adds to Toivo’s ongoing pipeline and highlights its strategy of participating in mid-sized developments across key urban locations.Read more

10 May 2026

Prisma Properties AB has issued senior unsecured green bonds worth SEK 500 million under its SEK 1 billion framework, marking its entry into this funding programme. The bonds carry a floating interest rate linked to the 3-month STIBOR plus 265 basis points and will mature in May 2030. The issuance supports the company’s broader focus on sustainable financing while securing medium-term capital. With increasing investor interest in green assets, the move positions Prisma to fund environmentally aligned real estate projects and maintain flexibility for future fundraising.Read more

10 May 2026

Dubai’s real estate market recorded 13,977 sales transactions valued at AED 48 billion during April, reflecting steady demand across residential and commercial segments. Data released by fäm Properties indicated a 3.5% month-on-month rise in transaction volumes and a 10.7% increase in total sales value. Commercial real estate led growth, while apartments and plots also reported notable gains. Primary market transactions continued to dominate activity, accounting for a significant majority of deals. Dubai South remained the top-performing micro-market for the second consecutive month. High-value transactions included luxury apartments exceeding AED 100 million, while mid-segment housing between AED 1 million and AED 2 million accounted for the largest share of sales, indicating a broad-based demand profile across price categories.Read more

10 May 2026

Fervo Energy has indicated plans for an initial public offering in the United States with a target valuation of up to USD 6.5 billion. The company is also looking to raise up to USD 1.3 billion through the IPO by issuing 55.6 million shares in a price range of USD 21 to USD 24 each. The Houston-based geothermal energy developer focuses on advanced geothermal systems that provide continuous, carbon-free electricity as an alternative to solar and wind power. Major financial institutions, including J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays, are acting as joint lead book-running managers. The company plans to list on Nasdaq under the symbol “FRVO.”Read more

10 May 2026

Bahi Ajman Palace Hotel and Coral Beach Resort Sharjah are projecting occupancy levels of around 90 per cent during the upcoming Eid Al Adha holiday period amid rising staycation demand across the UAE. The two Northern Emirates hospitality properties stated that domestic leisure travel and festive bookings have strengthened significantly ahead of the holiday week. In response to the anticipated surge in visitors, both hotels have introduced cultural programming, family entertainment and wellness-focused recreational offerings. The projected occupancy reflects sustained demand for beachfront hospitality assets in Ajman and Sharjah, where competitively priced staycation packages and family-oriented experiences continue to support the regional tourism and hospitality market.Read more