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Kier slumps to £35.5m loss as problem contracts continue

Kier slumps to £35.5m loss as problem contracts continue

Kier racked up a pre-tax loss of £35.5m in the second half of 2018 after it was hit by problem contracts and mounting debts. The losses compared to a pre-tax profit of £34.3m in the same period in 2017 as revenue stayed flat at £2,064m. Kier was hit by a £25m...
Kier slumps to £35.5m loss as problem contracts continue

Hi Vis site wear launched for pregnant women

Pregnant construction workers can now buy a range of hi vis clothing to wear on site. The range from specialist Leo Workwear contains hi vis maternity polo shirts and cargo trousers. Features include an elasticated over-bump band and the clothes are designed to to be...
Speedy buys powered access hirer for £9.6m

Speedy buys powered access hirer for £9.6m

Speedy is back on the acquisition trail buying Yorkshire-based powered access hirer Lifterz for £9.6m. Lifterz employs around 90 staff out of a head office in Ossett and other sites in Haydock, Daventry and Bathgate. It operates a fleet of 1,300 access platforms and...
Build to rent specialist plans Bolton urban village

Build to rent specialist plans Bolton urban village

Build to Rent developer Placefirst has unveiled £27.5m plans for a Bolton town centre site. Central Street car park will be transformed into Bolton’s first purpose-built urban village. The scheme will comprise four blocks designed around a network of pedestrian...
Interserve newco to inherit contract liabilities

Interserve newco to inherit contract liabilities

Almost all previous liabilities held by Interserve have been carried over to the new business despite the firm falling into administration, the contractor’s general counsel has told Construction News. source...