UGL Services, which represents about a quarter of the UGL Group’s total business, recorded a first half 2012 revenue increase of just 2 percent to $677.8 million while delivering EBIT of $34.4 million. Excluding DTZ, UGL Services’ revenue growth was flat relative to the previous corresponding period, largely the result of subdued macroeconomic conditions in the US impacting transaction volumes [...]
“Spotless is experiencing sustained demand for outsourcing in key sectors and the Facility Services business delivered a strong financial result. There were lower mobilisation and start-up costs incurred during the period and the demand for the integrated services offering grew,” stated Spotless CEO Josef Farnik when delivering the company’s half year to December report. Spotless’ Australia/New Zealand Facility Services revenue, [...]
By Lorraine Day TJS Cleaning Services was appointed to clean one of the most advanced aquatic centres in the southern hemisphere – the SA Aquatic and Leisure Centre in the southern Adelaide suburb of Marion. The facility, owned by the South Australian Government, covers a site of more than 10,000 square metres, and is managed by the YMCA. Included in [...]
ISS Facility Services has won a contract to deliver event and general cleaning services to Dairy Farmers Stadium in Queensland for the next two years The contract will build on ISS’ existing stadium cleaning contracts, which include Brisbane Cricket Ground (The Gabba), the Melbourne Cricket Ground (MCG) and AAMI Stadium (Adelaide). Dairy Farmers Stadium has a capacity of 26,500 and [...]
The Building Service Contractors Association of Australia (BSCAA) and Shopping Centre Council of Australia (SCCA) today jointly released a new Code of Conduct for Fair Service Provision in Shopping Centres. Developed jointly by the BSCAA and SCCA, the Code expands on and replaces the previous SCCA Fair Contracting Principles adopted by the SCCA in November 2006. The new Code relfects [...]
Saying it’s in the best interests of all shareholders to minimise the ‘period of disruption’, Spotless yesterday announced that it had agreed terms with PEP based on which it intends to provide PEP non-exclusive due diligence. ‘Spotless advised PEP on 9thJanuary 2012 that, in the current circumstances, the lowest price at which the Spotless Board would be willing to unanimously [...]
As stated in a press release by United Voice, ’on the eve of Australia Day, Wednesday, 25 January, thousands of cleaners across the country will walk off the job, protesting the lack of a fair go in the retail cleaning industry.’ “Australia Day celebrates our country — a land based on the concept of a fair go and fair rights [...]
According to a report in today’s The Australian Business pages by James Frost, United Voice ‘has blasted the management of Spotless, the target of a $711 million takeover bid, for being arrogant and said it would rather work with private equity than the existing owners. “Spotless is floundering and in need of a shake-up,” Michael Crosby of United Voice is [...]
According to new research from the Property Council of Australia and ANZ, the NSW and Victorian property markets have been ‘stranded by declining confidence, while resource-driven states are increasingly positive’. The latest Property Council-ANZ Property Industry Confidence Survey shows positive sentiment grew in the Northern Territory, Western Australia, Queensland and South Australia – all states with a strong resources base. [...]
Today’s Sydney Morning Herald’s BusinessDay (www.smh.com.au) has reported that ‘the private equity firm interested in buying Spotless Group says it is unable to increase its offer without access to the Spotless books. But Spotless wants Pacific Equity Partners to increase its indicative offer before allowing access.’ PEP has offered $2.68 for each Spotless share, valuing Spotless at about $711 million. [...]
|
|
|
|
|
|
Copyright © 2012 Australasia's Cleaning Industry and Environmental Technology Magazine. All rights reserved.
