Business
The Cimic (ASX:CIM) share price is dipping today despite contract win
The Cimic Group Ltd (ASX: CIM) share price has lost ground after positive morning trading, dipping 0.96% at the time of writing. This comes after the company announced that its subsidiary, UGL, has won a country regional network contract.
The Cimic share price is currently trading lower at $20.65.
Major contract award
In today’s release, Cimic advised that the Transport for New South Wales (TfNSW) selected UGL for its Country Regional Network contract.
UGL will provide an array of operation and maintenance works to tfNSW’s rail infrastructure under the agreement.
This includes building network operations such as establishing a new network control centre in regional NSW. In addition, UGL will deliver rail maintenance services,…
-
Noosa News23 hours agoMeet Chad Burgess, Pauline Hanson’s One Nation Party
-
General22 hours agoTyler Wright soaks up Bells Beach return as poor conditions at Rip Curl Pro sees men’s opening round called off
-
Noosa News23 hours agoWestern Queensland graziers begin grim stock count after catastrophic floods
-
General21 hours agoTruck driver charged with causing death by dangerous driving after highway crash