News in brief: infrastructure, investors, Federal Reserve

News in brief
News in brief

Engineering group shortlisted for British Expertise International awards

Mabey Bridge, a group of engineering companies, has been shortlisted for three awards by British Expertise International, an organisation dedicated to helping its members win and successfully complete business overseas.

Mabey Bridge’s Sri Lanka Regional Bridging Project has been shortlisted in two award categories; for Outstanding International Development project – Infrastructure and for Outstanding International Collaboration while its Polduwa Bridge project has been shortlisted in the award category for ‘Outstanding International Design project’.

Commenting on the company’s progress at the awards so far, Mabey Bridge sales director Neil Boyle said, “We have beaten off some stiff competition to get this far. These awards represent an international yardstick by which the performance of British exporting companies such as ourselves can be measured against their peers, many of whom are already recognised as being world-class. These awards also measure ‘soft’ skills that are sometimes overlooked in large-scale engineering projects but which are hugely important, including teamwork and collaboration”.

The company will learn if it has won an award in April 2016 when Neil, together with other representatives, attends the Award Celebration Dinner.

Investors worldwide must prepare for volatility

Investors should expect and prepare for volatility across global financial markets in the first half of 2016, warns deVere Group investment analyst Tom Elliott. The warning comes ahead of the Federal Reserve’s highly anticipated rate announcement this week, and after the recent acrimonious OPEC meeting which triggered a collapse in the oil price.

Mr Elliott affirms: “Investors should expect volatile financial markets in the first half of next year, as stock and bond markets learn how aggressive the Fed is likely to be in its monetary tightening.

“There are, however, a few safe bets. The European Central Bank (ECB) last week revealed itself to be less willing to expand its QE program than had been supposed, which somewhat undermines the strong dollar/ weak euro bet that underlies much stock and bond market asset allocation.”