Tide profit ebbs despite revenue boost
Tide Construction has reported a fall in pre-tax profit despite an 11 per cent jump in revenue. The London-based company, which specialises in building high-density residential schemes using modular...
View ArticleBam starts work on office building at £8bn regeneration
Bam has started constructing the first non-residential building in the £8bn regeneration of Brent Cross, west London. Related Argent and Barnet Council appointed Bam to build the 14-storey office...
View ArticleGlencar takes over Readie lab job
Glencar has taken over the construction of a life sciences building near Cambridge from collapsed contractor Readie. Readie was appointed last November to build the Sidney Sussex building in...
View ArticleSisk scores top league spot after signing for £300m stadium job
John Sisk scooped top spot in the May league table after winning a bumper job at Manchester City’s Etihad Stadium. The £300m job, which will see Sisk build a new North Stand at the 53,000-seat stadium,...
View ArticleBouygues wins £80m west London hospital job
Bouygues has been picked to build a health facility in west London to speed up the diagnosis of cancer and other illnesses. The UK arm of the French firm was named as lead contractor for the design and...
View ArticleConstruction growth hits two-year high
Construction activity is growing at its fastest rate for two years, according to data published today (6 June). The closely watched S&P Global Construction Purchasing Managers’ Index registered a...
View ArticleDirectors’ code of conduct unveiled after Carillion ‘shortcomings’
A new voluntary code of conduct for directors has been unveiled, partially in response to the collapse of Carillion, Construction News can reveal. The code of conduct, developed by the Institute of...
View ArticleElection 24: ‘Make construction important’ pleads outgoing Wates boss
Construction deserves a bigger focus in government and is too often viewed as an “afterthought”, the outgoing boss of Wates Construction Group has said. “For too long, for an industry that employs so...
View ArticleContractor warns of ‘uncertainty’ over Great British Railways plans
Babcock Rail is bracing itself for a lack of clarity on government plans to restructure the UK’s rail sector. The contractor has been carrying out “regular reviews” on plans for a publicly-owned Great...
View ArticleA circular economy is within reach – if we listen to the right voices
Tim Danson is director of sustainability and energy at consultancy Pick Everard Construction has a pivotal role to play in the circular economy. The industry remains heavily reliant on the use of...
View ArticleHow modern apprenticeships and T levels really stack up
T levels and modern apprenticeships are the newest contenders to step onto the training stage. CN looks at how they are performing against the competition It’s no surprise that Steve Umbers is a fan of...
View ArticleSMEs eye higher order volumes but lack access to finance, says survey
Small and medium-sized construction firms are finding it harder to access finance despite growing optimism over their prospects next year, a new survey shows. Quarterly research from business finance...
View ArticleBalfour lowers sights on carbon emissions in new strategy
Tier one contractor Balfour Beatty has pushed back its target dates for achieving net-zero carbon operations. The UK’'s biggest contractor has said it now hopes to negate scope 1 and 2 emissions –...
View ArticleWorking capital tempo places Bellway into net debt
Bellway has reported net debt of £57m in its latest trading update for February-June, compared with £42m in net cash for the same period in 2023. In a trading update, the housebuilder said its debt...
View ArticleLondon office market shows signs of slowing
New office construction in London has dropped by almost 20 per cent while refurbishment starts have fallen by a quarter, according to a new survey. A total of 42 new schemes broke ground in the capital...
View ArticleWelsh cancer centre cost up by £300m as contract confirmed
The cost of a major cancer centre in Cardiff has ballooned by £300m in the 18 months it took to confirm the appointment of a joint venture (JV). The contract to design, build, finance and maintain the...
View ArticleProfit up but turnover down for Norwich contractor
A “selective approach” to projects helped RG Carter boost pre-tax profit last year despite a fall in revenue. Group turnover dropped by 23 per cent, falling from £322m in 2022 to £248.5m in the year...
View Article‘No significant upturn’ for construction until mid-2025, new study reveals
Construction tender price inflation is set to grow from 2026 amid capacity issues caused by two-stage procurement and delays due to the Building Safety Act, a new study says. The summer survey from...
View ArticleGenerative AI will transform the supply chain and tackle labour shortages
Kelly Boorman is national head of construction and a partner at RSM UK One of the construction industry’s biggest challenges, particularly in the past four years, has been managing rising costs and...
View Article‘Inconsiderate’: outrage as Considerate Constructors Scheme dumps monitors
The Considerate Constructors Scheme (CCS) has summarily axed 20 of its monitors, Construction News has learned. In an email seen by CN, the not-for-profit organisation said it had taken a “tough...
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