City

Engineering consultancy Atkins says it expects to see continued growth in the coming year as it posts a slight rise in full-year pre-tax profits – ahead of market expectations – despite a slight dip in revenue.

Construction work in central London is helping to stimulate regional economies by more than £1bn a year according to a new report by PwC and business group, London First.

Steel giant Tata has dropped into the red after wiping £1bn off the value of its European arm.

Interserve has acquired specialist interior fit-out business Paragon Management for an undisclosed sum.

Canary Wharf Group and Qatari Diar have got the go ahead to redevelop the Shell Centre site on London’s Southbank.

Mitie Group is closing down its mechanical and engineering contracting business to concentrate on higher margin markets.

Severfield-Rowen is planning to cut around 93 jobs at its structural steel subsidiary Severfield-Watson Structures.

Construction in Central London is on the increase - according to the latest London Crane Survey by Deloitte Real Estate, which shows that construction in the city has hit a 4-year high.

Fit-out specialist Styles & Wood is warning that it is likely to dip into the red in the first half of this year, even with an increased turnover.

Speedy Hire has seen a 35% incrase in its full year profits and a 4.3% increase in revenue - but only by focusing more on markets outside its core UK construction base.