Construction
Three overseas buyers interested in Rowecord
Administrator says two Asian and one European buyer “seriously” interested
Categories: Construction
Davis Langdon off-shoot to turn over £1m in first year
Delay analysis specialist TQEF enjoys strong first four months
Categories: Construction
DfT approves £15m road plans
The Department for Transport has approved upgrade work worth £15m to a link road in Taunton, Somerset.
Categories: Construction
B&K directors take £6m pay rise as operating profit halved
Bowmer & Kirkland’s directors took a pay rise of over £6m in the 2012 financial year, as the firm’s turnover shrunk and operating profit more than halved.
Categories: Construction
Lower Thames crossing consultation plans published
Consultation plans for a new Lower Thames crossing have been published today by roads minister Stephen Hammond.
Categories: Construction
Royal Imtech expects net loss of £191m for 2012
Royal Imtech N.V. has published its preliminary annual figures for 2012 which showed a net loss of around £191m (€226m).
Categories: Construction
Renew boosts revenue and pre-tax profit
Engineering services group Renew has announced year-on-year increases in revenue and pre-tax profit for the half-year to 31 March.
Categories: Construction
Competition watchdog looks to 'break open' Great Britain's cement market
The Competition Commission has found that the “structure and conduct” of the cement market in the UK is “aiding co-ordination” between major producers in Great Britain, who could be forced to sell plants under possible remedies.
Categories: Construction
Schools contractors will require 'investment grade' credit rating
The schools capital agency says privately-financed projects will have to achieve triple-B minus credit rating to draw down funding
Categories: Construction
Demand at Battersea Power Station site soars as 95pc of properties snapped up
Almost all of the flats planned on the site of Battersea Power Station have already been sold amid "phenomenal interest" in the luxury development.
Categories: Construction
Mitie M&E staff redeployed ‘wherever possible’
Mitie has told Construction News it has redeployed staff from its £140m mechanical and electrical business “wherever possible”, after a £22.1m business closure operation.
Categories: Construction
Network Rail revamps contractor league tables
Network Rail has revamped its supplier ranking system to focus on the “overall performance” of contractors.
Categories: Construction
Office of Fair Trading extends Kier May Gurney review
The Office of Fair Trading has extended its review of Kier’s proposed acquisition of May Gurney by 10 days.
Categories: Construction
Mitie exits M&E market as group profits rise
Mitie Group has announced its exit from the mechanical and engineering contracting business after posting overall revenue growth of 8.4 per cent and a 5.4 per cent jump in pre-tax profits.
Categories: Construction
Mitie exits M&E market
Tightening margins sees firm close its M&E businesses
Categories: Construction
Balfour Beatty supply chain 'must embrace BIM'
Balfour Beatty’s supply chain must embrace BIM or risk losing out on work, its design director has said.
Categories: Construction
Mott MacDonald profit up 15%
Solid set of results show revenue and profit growth
Categories: Construction
McLaren director: ‘We’re winning half our London tenders’
McLaren Construction director Graham Sturge has told Construction News he expects the London business to double in size within the year, on the back of a “phenomenal” contract-winning streak.
Categories: Construction
A fifth of 2012's JVs lead to legal disputes
Construction disputes are taking longer than a year to resolve – up 33 per cent on the year before – and have increased on average by 270 per cent, with a fifth of joint ventures leading to disputes, according to new research.
Categories: Construction
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more