City

London office construction hits five year high

The amount of office space currently under construction in the capital has reached its highest level since 2008 according to property consultants CBRE.

Turner & Townsend sees 27% UK profits rise

UK construction consultancy Turner & Townsend says it has managed to weather the downturn and see global profits rise by 29%, including a 27% rise within the UK.

Speedy sees 2.6% UK revenue drop

Speedy Hire has seen its UK revenue drop by 2.6% in the past three months, but says it has still delivered a “resilient” performance considering the economic conditions.

Cable aims for greater transparency

A review of pre-packs, an extension to the amount of time directors of collapsed companies can be disqualified, and changes to the rules on naming company shareholders have all been included in a discussion paper business secretary Vince Cable has launched on promoting greater corporate transparency.

Panel manufacturer in MBO

Facade and interior panel manufacturer Steni has been through a management buyout which has seen current management take over the company from previous owners with the help of an investment from Swedish investment company Accent Equity 2012.

Liquid Plastics men in new venture

Three former directors of Liquid Plastics in Preston have grouped together to form a new company selling liquid roofing products – and already have their first product on the market.

Building products sector 'set for more deals'

An improving housebuilding sector and a recovery in construction will see the number of M&A deals in the building products sector increase in the next few years, accountancy firm BDO is predicting.

Interserve 'performing well'

Interserve says it has continued to perform well in a sometimes challenging market in the past two months.

Servest acquires Maxwell Stewart

Facilities management provider Servest has acquired M&E business Maxwell Stewart for an undisclosed sum as it seeks to move into new sectors.

Galliford Try boosted by cash position

A strong cash position has helped Galliford Try’s construction business perform strongly in a difficult market, the company claims, as it predicts record overall profits for this year.

Wolseley UK refocuses drainage business

Wolseley UK is closing nine branches of its Drain Center business with the loss of 24 jobs and rebranding 21 others, as it looks to restructure its drainage business following its formal acquisition earlier this year of Burdens.

Carillion remains hopeful on second half

Carillion says it remains confident that it will see its revenue grow across this year, despite seeing a fall in revenue in the first half as it restructured its UK construction business.

Atkins sees continued growth ahead

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.

London office builds boost regions

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.

Tata Steel plunges into the red

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

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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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