Speedy Hire claims that the financial irregularities it uncovered last November – and which led to the resignation of former chief executive Steve Corcoran – were the result of “deliberate action” by a small number of people, all of whom have left the company.
Travis Perkins says it is so confident about the outlook for 2014 that it is planning to increase its capital expenditure by at least £20m to between £130m and £150m this year as it rolls out new stores and concessions.
Morgan Sindall said upward pressure on supply chain costs and skills availability will continue to present challenges in the market this year, as it posted a very mixed set of full-year results for 2013.
Newcastle-based multi-disciplinary engineering consultancy Patrick Parsons has continued its expansion southwards with the acquisition of civil and structural consultancy Stewart and Harris, based in Birmingham.
Balfour Beatty says continuing negative foreign exchange movements and a shift in its construction business from the UK to the USA means its overall order book for 2013 is unlikely to be much different from the £13.5bn it achieved in 2012.
East Midlands-based housing developer William Davis says it is to start work on seven new sites in the early part of this year, after revealing a 15% rise in pre-tax profits for the year to the end of May last year.
Christchurch, New Zealand, is recovering from the devastating earthquake that struck it in February 2011. But how are UK engineers, newly arrived to help in the rebuilding, settling in? Remarkably easily, says Jackie Thomas
Funding for Lending will help the construction industry, says Simon Carter, but is unlikely to address all of the cash flow issues of the sector, which is beset with problems caused by late payments and the reluctance of banks to loan because they see the industry as high risk.