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Balfour Beatty hits 2.4% construction margin

Balfour Beatty hits 2.4% construction margin

Balfour Beatty has returned to industry standard margins and built up strong cash reserves completing a three-year turnaround plan. The firm reported underlying profit from operations last year rose 5% to £205m from revenue down by around 5% to £7.8bn. Leo Quinn,...
Balfour Beatty hits 2.4% construction margin

Liverpool launches plans for new £6bn station

Liverpool is setting up a Station Commission to oversee delivery of a planned new £6bn station on the city centre connecting to HS2 and the Northern Powerhouse Rail. Steve Rotheram, Metro Mayor of the Liverpool City Region, described construction of a new station as a...
Go-ahead for £600m south London high rise scheme

Go-ahead for £600m south London high rise scheme

Landowner Aviva Investors and leading London developer Galliard Homes have gained planning for new £600 million ‘town centre’ development on London’s Old Kent Road. The new development will involve construction of the Capital’s fourth tallest residential tower...
Plans in for £450m Leeds hospital expansion

Plans in for £450m Leeds hospital expansion

Leeds Teaching Hospitals NHS Trust has submitted outline plans for two major new buildings, expected to cost around £450m. The new hospital buildings will be developed on the site of the Old Nurses’ Home. The first building at the Leeds General Infirmary will be a new...
Green light for £600m Old Kent Road tower blocks

Green light for £600m Old Kent Road tower blocks

Old Kent Road, best known to some as home to the cheapest property on a Monopoly Board, is moving up market, with construction of a £600m regeneration scheme to turn a retail park into housing.Old Kent Road, best known to some as home to the cheapest property on a...