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Intu cuts dividends to maintain construction investment

Intu cuts dividends to maintain construction investment

Intu is cutting returns to shareholders to protect its capital investment programme after a potential bid offer for the retail developer fell through. A consortium of the Peel Group, Olayan Group and Brookfield Property Group started bid talks in October but they have...
Engie to buy Forrest housing and energy arms

Engie to buy Forrest housing and energy arms

French energy services giant Engie is set to buy the social housing refurbishment and energy operations of stricken North West contractor Forrest Group. Bolton-based Forrest has been fighting for survival in recent weeks, and yesterday revealed refinancing talks with...
CITB outsources 337 admin staff and sells plant card scheme

CITB outsources 337 admin staff and sells plant card scheme

The Construction Industry Training Board is outsourcing a raft of its back-office functions. The move will affect 337 staff with the “majority” transferring over to new provider Shared Services Connected Ltd (SSCL). The move is part of CITB’s Vision 2020...