City

Interserve takes over fit-out firm

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

£300m Shell Centre redevelopment gets the go ahead

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

Mitie pulls out of M&E

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

Severfield-Rowen to cut 93 jobs

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

Central London Construction hits 4-year high

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.

Styles & Wood heads for the red

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 sees more value outside construction

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.

B&Q tightens regional links with contractors

In a bid to support regional contractors, B&Q has launched a new tradesman brokerage scheme for consumers.

BB sees UK construction fall by 23%

Balfour Beatty saw the revenue it earned from its UK construction business fall by almost a quarter in the first quarter of this year, the company has revealed.

Interserve 'still trading well'

Interserve says it won over £700m in new work in the first quarter of this year, and is currently trading as well as expected.

Morgan Sindall warns on first quarter

Morgan Sindall says its performance in the first quarter of this year was slightly below the board’s expectations, despite a 6% increase in its order book since the start of the year, because of continuing pressure on margins.

Galliford Try promotes investment man

Galliford Try has promoted Andrew Richards, currently managing director of its investment division, to be group managing director for housebuilding at its Linden Homes subsidiary.

Skanska UK sees orders drop

Skanska UK chief executive Mike Putnam says his company has delivered a “positive” start to the year, despite order bookings being behind expectations.

Balfour Beatty warns on UK profits

Balfour Beatty says a combination of a poor economic climate and an internal restructuring means profits at its UK construction business this year are likely to be around £50m lower than it had forecast in its full year results in March, when it was already expecting a 20% decline in UK revenue.

BAM sees profit in UK

BAM’s three UK operations managed to increase joint profits in 2012 by £5.3m despite a drop in turnover of just over £100m, the company reported today.

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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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