Keith launches capital trading

Amec open the market to celebrate 30 year listing anniversary
Amec open the market to celebrate 30 year listing anniversary

HARTLEPOOL man Keith Bailey had the rare honour of opening trading at London Stock Exchange to celebrate his firm’s 30th birthday.

The 53-year-old works for AMEC, an international engineering and project management company, and marked the company’s big day by helping AMEC chief executive Samir Brikho to open trading at 8am yesterday.

AMEC recently achieved more than 30 years as a listed company and bosses were invited by the London Stock Exchange to celebrate the milestone by performing the “market open” ceremony, which signals the start of the day’s trading.

Keith, a director of AMEC’s power transmission and distribution services business, was among 30 employees on the day – who have all been with the company since its formation – to get share dealing underway.

Keith, who was born in Hartlepool and lives on the Bishop Cuthbert estate, said: “It was a huge honour for me to be involved in opening trading at the London Stock Exchange,

“I joined James Scott, one of AMEC’s predecessor companies, in 1981 as a junior electrical engineer, and was soon involved in major projects such as Hartlepool nuclear power station and Laing Oil’s fabrication yards.

“Working for a strong, growing company has presented excellent opportunities and I am now a director for AMEC’s power business, which works on high voltage overhead transmission lines and electrical substations.

“Current projects in our area are at chemical and oil establishments at Greatham and Seal Sands.”

Keith, whose office is based in Darlington, said: “Back in the early eighties AMEC was largely a UK entity and it’s great to see that we are now flying the flag for the UK around the world.

“Throughout that expansion we have always been active in the North East and keen to create employment for Hartlepool people.”

AMEC was formed in December 1982 when two British construction and engineering firms Leonard Fairclough & Son and the William Press Group merged and listed on the London Stock Exchange.

Ever since the company has gone from strength to strength.

Mr Brikho said: “Over the last 30 years AMEC has developed from what was essentially a UK construction firm into a successful global engineering business with 29,000 employees operating in the oil and gas, mining, clean energy and environment and infrastructure markets.

“Our loyal employees should be immensely proud of their part in this success story.

“Without their expertise, customer focus and hard work we would not be in the enviable position of being a FTSE 100 company working in over 40 countries worldwide and with a bright future.”