Restructuring costs and delays hit M&E firm’s bottom line
Revenue and profit at mechanical and electrical (M&E) specialist Dalkia Operations fell last year amid restructuring costs, higher provisions and project delays. The Manchester-based firm’s latest...
View ArticlePlanning reforms are the first piece of a bigger placemaking puzzle
Jonathan Parker is development director at framework provider Pagabo The newly elected government’s long-needed planning reforms, with their focus on unlocking development and setting housing targets,...
View ArticleConstruction output set to stutter after mortgage increases hit sector
Output in the construction sector is forecast to fall back because of the impact of the rise in the cost of mortgages on housing demand. The Construction Products Association (CPA) projected that total...
View ArticleReeves eyes up cuts to infrastructure projects
Rachel Reeves is set to halt some of the largest government projects in a bid to balance the books, including the New Hospital Programme and Lower Thames Crossing. The chancellor (pictured) is expected...
View ArticleBouygues blames soaring building-safety liabilities for deepening loss
Bouygues has booked substantial building-safety liability costs and has said it was impacted by subcontractor collapses last year. The French contractor posted a pre-tax loss of £62.1m in its latest...
View ArticleBalfour Beatty mandates AI cameras to tackle site deaths
Balfour Beatty has become the first major contractor to mandate human-recognition cameras on large plant, in an effort to cut site deaths. The system uses cameras attached to machine ‘blind spots’ and...
View ArticleHS2: Government writes off £2bn on cancelled leg
The government has written off more than £2bn on the cancelled leg of HS2, accounts reveal. In its annual report, HS2 Ltd said it lost £2.2bn on the megaproject’s northern leg in the year ending 31...
View ArticleCITB announces levy consultation
Contractors and other construction businesses are to be consulted on the cost of the Construction Industry Training Board’s (CITB’s) training levy. The board announced yesterday (29 July) that it would...
View ArticleHousing specialist’s profit forced down by ‘inflationary pressures’
Renaker Build’s pre-tax profit has dipped after the firm struggled with the impact of inflation. The housing contractor and developer, based in Manchester, tabled a pre-tax profit of £5m for the year...
View ArticleReeves shelves ‘unaffordable’ transport projects
Chancellor Rachel Reeves has shelved two “unaffordable” road projects, and confirmed reviews into government transport and healthcare building projects. Reeves announced yesterday (29 July) that the...
View ArticleLendlease construction head steps down amid sale
Lendlease’s UK construction boss has stepped down, two months after the firm’s Australian parent company announced it would sell the business. Simon Gorski, who has been managing director for European...
View ArticleUK construction activity June 2024: North West
Project starts, main contract awards and detailed planning approvals weakened against the previous three months and last year. North West overview At £1.34bn, work starting on site in the North West...
View ArticleUK construction activity June 2024: Northern Ireland
Project starts and main contract awards performed poorly against the preceding three months and the previous year. Detailed planning approvals increased on both periods, providing a boost to the...
View ArticleUK construction activity June 2024: Scotland
Project starts and main contract awards decreased against the previous year and the preceding three months. More positively, detailed planning approvals increased against the previous year, providing a...
View ArticleUK construction activity June 2024: South East
Main contract awards and detailed planning approvals fell against the previous quarter and last year. More positively, project starts increased compared to the preceding three months and a year ago....
View ArticleUK construction activity June 2024: South West
Detailed planning approvals fell against the preceding quarter and last year. More positively, there was an uptick in project starts and main contract awards against the previous three months. South...
View ArticleUK construction activity June 2024: Wales
Project starts and detailed planning approvals increased on both the preceding three months and the previous year, whereas main contract awards declined on both periods. Wales overview Totalling...
View ArticleUK construction activity June 2024: West Midlands
The West Midlands experienced a strong period for project starts, which increased compared to the preceding three months and last year. In contrast, main contract awards decreased against the previous...
View ArticleUK construction activity June 2024: Yorkshire & the Humber
Project starts increased sharply against the previous year, whereas main contract awards and detailed planning approvals didn’t fare so well. Yorkshire & the Humber overview Totalling £3bn, work...
View ArticleRecord £1bn order book tips Esh into profit
Esh Group has brushed off problem jobs to return to profit, saying its local focus had allowed it to buck national slowdowns in housing and public sector work. The North-focused contractor reported a...
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