It brings a whole new meaning to the phrase "cowboy builders" but SNP MSP and Scottish Justice Secretary, Kenny MacAskill has said that convicts should be let out (presumably on licence) to work on major construction projects, including facilities for the 2014 Commonwealth Games.

Housebuilder Redrow has renegotiated its £450m facility with banks and announced a loss for the year to June.

Triple Beijing gold medal-winner Chris Hoy unveiled plans for new world-class cycling facilities in London for today, as the Olympic Delivery Authority (ODA) released the latest designs for the London 2012 VeloPark.

Network Rail will today ask for an extra £1bn in funding to run the rail network over the next five years, it has been reported.

London's 2012 Olympic stadium could be demolished once the games are complete, with a premiership football stadium built in its place.

The national regeneration agency, English Partnerships has submitted an outline planning application for the £400m Heart of Slough project and a detailed application for remodelling the A4 in the town.

The weekend bail-out of US mortgage giants Freddie Mac and Fannie Mae has proved good news for building materials group Wolseley.

New flood defences hastily built following last year's widespread flooding are generally holding up.