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Van Elle issues profit warning blaming contract delays

Van Elle issues profit warning blaming contract delays

Piling specialist Van Elle warned this morning that profits will come in ‘materially below’ expectations this year after contract delays and tighter spending kept trading subdued. The large ground engineering contractor said the pick-up it had been banking...
Thames Water opens race for £4bn AMP8/9 framework

Thames Water opens race for £4bn AMP8/9 framework

Thames Water has launched the bid race for a £4bn Major Projects Framework to deliver large-scale capital works during its AMP8 investment period, with scope to extend into AMP9. The utility plans to appoint up to eight contractors to carry out major projects and...
Seddon Construction swings back into profit

Seddon Construction swings back into profit

The construction arm of Bolton-based Seddon Group has bounced back into profit with a £2.3m pre-tax gain for 2024 after scraping just £0.2m the previous year. The turnaround came despite construction turnover sliding 12% to £138m as delayed project starts and stricter...
School to be turned into £25m care home

School to be turned into £25m care home

New developer Vivere has acquired Lansdowne House in Edinburgh from St George’s Schooland plans to convert it into a £25m care home. Vivere is now looking for other sites in the city, the Lothians and Fife to turn into similar homes. Vivere was formed by a joint...
Van Elle issues another profit warning

Van Elle issues another profit warning

Listed foundations specialist Van Elle says its profits will be down this year, and by more than previously expected.Read Full Article: The Construction Index from All Construction News | Construction Index https://ift.tt/vVSh0oF