Updates from AMEC, John Laing and Dixons

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A quiet end to the week on the corporate numbers front. We start with engineering and project management company AMEC. It claims it has been appointed by Abu Dhabi-based energy company TAQA to engineer modifications to the Tern oil production platform in the North Sea.

Work begins immediately and runs through to December 2014. It's part of a long-term engineering framework agreement with TAQA which began in 2012. AMEC has opened two new offices - to support 300 people - in Aberdeen to support this award and growth across existing contracts.

"I'm delighted that we have won the opportunity to demonstrate to TAQA our brownfield engineering capability and we look forward to building a successful relationship with them" said Alan Johnstone, MD of AMEC's Europe brownfield and asset management business.

Next, John Laing Infrastructure Fund says it's proposing a capital raising exercise of nearly 220 million shares, raising between £100 million and £240 million. The proceeds will be used to refinance existing bank facilities and to acquire a new portfolio of three PPP projects for £103 million.

The company claims the move is in line with its stated strategy of buying low risk, high quality assets to deliver a stable and secure income stream.

"Today's announcement," chairman Paul Lester says, "as part of our stated strategy, will enable us to repay our debt and acquire a new portfolio of three PPP projects. The new projects, two in the UK and one in Canada, meet our strict investment criteria, and complement our existing portfolio of high quality, low risk projects."

Finally, Dixons says German industrial group Mutares intends to take on the troubled online store Pixmania. The French-based store has around 1,200 staff. Dixons is actually paying Mutares £58m to take the business off its hands.

The alternative would have been for Dixons to shutter the digital electronics business separately, which would have cost the Currys and PC World owner the best part of £90m.

Additionally, Dixons is to dispose of its ElectroWorld Turkish operations to a local company, Bimeks, for £2m.

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