City

Kier trumps Costain bid for May Gurney

The board of May Gurney have today agreed to accept a £221m takeover bid from Kier that trumps an earlier bid from rival Costain.

Speedy Hire ups profit estimates

Speedy Hire says strong progress in reconfiguring its UK depot network and improvements in operational efficiency mean that it is now forecasting slightly higher full-year profits when it reports them in May.

Breedon makes two acquisitions in a week

Breedon Aggregates has bought four quarries and an option to develop a fifth from hard landscaping products supplier Marshalls for £17.5m in cash.

W S Atkins looks to beat markets

W S Atkins claims that “positive momentum” in its UK businesses means it is likely to have performed ahead of market expectations for the year to the end of March.

Insolvency Service statistics: construction firms make up 23% of compulsory liquidations

The Insolvency Service’s official insolvency statistics came out today revealing a loss of 868 construction firms in the last quarter alone, a total of 5460 construction firms out of business since January 2011 and 6146 since September 2010.

Morgan Sindall boosts profits

Morgan Sindall appears to be defying the gloom enveloping the construction industry.

Airedale Mechanical in administration

The remaining rump of Leeds building services contractor Airedale Mechanical and Electrical has been placed into administration.

NFB: Government must tackle the cash economy by cutting VAT on home improvements

Consumers should avoid being tempted by a cheap cash deal and protect themselves against paying more in the long term, says the National Federation of Builders (NFB) in response to comments by Exchequer Secretary David Gauke today.

Naylor and Walker undertake a pre-pack administration

Chorley-based shopfitting contractor Naylor & Walkden has gone into administration.

Profit warning from Sweett Group

Sweett Group, the property and infrastructure consultancy, has issued a profit warning.

McVeigh Insulations goes into administration

Hyde-based building materials company McVeigh Insulations has called in administrators.

Kier trades "robustly"

In its latest update to the stockmarket today, Kier Group says it continues to trade resiliently in difficult market conditions.

Administrators appointed to Doyle Plc

Construction group Doyle Plc has appointed administrators.

Clugston Construction announces £2.5m profit

Privately owned building and civil engineering contractors Clugston Construction, which has offices in Leeds, Scunthorpe and Hebburn Tyne & Wear, has announced annual results for 2011/12 which show a significant turnaround in performance from the previous year, with a pre-tax profit of £2.5m.

Genivar buys WSP

Canadian engineering consultant Genivar is buying London-based consulting firm WSP for £278m.

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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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