City

Galliford Try takes on Speedy Hire chair as director

Troubled Speedy Hire’s non-executive chairman Ishbel Macpherson has been made a non-executive director of Galliford Try.

She will be taking up her role from February next year.

Mouchel order book at record high

Mouchel says it order book is currently bigger than it has ever been in its 125-year history, breaching the £2bn mark and already showing a rise of £300m since its financial year end in September.

Carillion sees revenue dip ahead

Carillion has confirmed that it expects its total revenue this year to be below 2012’s figure, primarily because of scaling back its UK construction activities, although margins will remain broadly similar.

£5m hole forces Speedy Hire's Corcoran to resign

Steve Corcoran, the man widely seen as being the driving force behind Speedy Hire’s growth, has been forced to resign after £5m in irregularities in its accounts were discovered – a situation which has led to it breaching terms with some of its lenders.

Construction helps Interserve stave off weaker Middle East

“Resilient” performances by Interserve in both UK and international construction and “strong” growth in its support and equipment services have helped it offset the short-term impact of lower than expected activity in its Middle East oil and gas business, the company has revealed.

Morgan Sindall still waiting for recovery

Morgan Sindall says it is not yet benefitting from any perceived upturn in the economy thanks to contracting margins, and is also bracing itself for increasing material and subcontractor costs.

Persimmon profits rise by 40%

House builder Persimmon has seen its third quarter underlying pre-tax profits rise by 40% to £135.3m year-on-year, thanks in part to the government’s Help to Buy scheme.

BB has high hopes for UK construction

Balfour Beatty says progress it has been making in its regional UK construction business and in its investments division in the past four months mean it could exceed market expectations for the full year.

Galliford Try finds hope in Scotland

Galliford Try says it expects the government’s austerity drive to lead to a “thinner medium term public sector pipeline”, although it expects to see more activity in Scotland, and, through its partnerships business, in affordable housing.

Alumasc sees building products surge

Building and engineering products supplier Alumasc says concentrating on building brands and services in core markets has helped it outperform the UK construction market with a 5.6% rise in full-year revenues to £116.8m and a £3m jump in pre-tax profits to £3.4m.

Carillion boosted by equity sale

Carillion says profit from sales of some of its equity in public private partnerships has more than offset a planned rescaling of its UK construction business to allow it to produce a 2% rise in underlying pre-tax profit for the first half of this year.

Enterprise Mouchel becomes EM

Enterprise Mouchel – the former joint venture Mouchel bought out from Enterprise in February and whose success has helped the company jump back into the black – has changed its name to EM Highway Services.

UK business boosts Interserve

Interserve has bucked the trend among many of its multinational competitors by unveiling a 5.8% rise in half-year revenues at its UK construction division.

Charge wipes out most of Morgan Sindall's profits

An exceptional charge of £13m taken out against bad debt on old contracts has significantly shrunk Morgan Sindall’s half-year profits.

ERH sees turnover rise by over 50%

South West and Wales based construction, civil engineering and communication technology contractor ERH Group has seen it turnover rise by over 50% this year to £42m, with pre-tax profits coming in at £1m.

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Features

2017-05-31 13:33

The rate of Insurance Premium Tax (IPT) will rise by two per cent on June 1 to 12 per cent on all non-exempt transactions. Martin Bennison, managing director at construction finance firm Ultimate Finance, explains what this means for UK construction companies.

2017-05-25 08:41

Building Information Modelling (BIM) is growing in popularity and is now mandatory for centrally funded public-sector projects. Experts and the curious are gathering more and more frequently at dedicated congresses, exhibitions and workshops. Many people are now asking: Where does the UK stand on the issue of BIM and the digitisation of the construction industry?

2017-05-10 10:47

Opening site doors to more females is vital to plugging the construction skills gap, reports Claire Cameron

THE construction industry continues to be plagued by a well-documented skills gap with some suggesting the shortage could get worse before it gets better.

2017-05-08 14:27

If you work on a building site, are self-employed or have a zero-hours contract, you might be surprised to know you work in the ”gig economy”. This is the economy characterised by temporary work and irregular hours, pay and working conditions.

2017-03-29 10:31

Jeremy Gould, VP sales Europe, TomTom Telematics, discusses how technological developments in vehicle telematics have opened up new workflow management possibilities for the construction industry

2017-03-21 09:31

With the demand of oil increasing, it’s estimated that the Earth will reach its full capacity for oil consumption at some point within the next 20 years. This is despite the production of oil decreasing, and the construction industry is no exception to this, reports Niftylift.

2017-03-17 10:55

With construction firms leading the way in drone technology, Claire Cameron takes a closer look at how unmanned aerial vehicles (UAVs) can be used onsite

2017-03-07 16:20

While the physical safety of workers is prioritised on construction sites, mental health is often overlooked, reports Claire Cameron

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