construction news
PERI boosts BIM-compliant formwork range
PERI has taken its partnership with Trimble a step further by increasing its range of BIM-compliant formwork systems available on Tekla Structures – Trimble’s BIM software. The decision to expand the range is a direct response to customer demand, enabling more...
Ex-Carillion bosses ‘quizzed in government probe’
The former bosses of Carillion were among hundreds of witnesses called in for questioning by the Insolvency Service, according to a report in Sky News. source...
Engineering specialist hit by £10m loss
Engineering specialist C Spencer made a £9.8m pre-tax loss last year after taking a £14.5m hit on a problem project. source https://www.constructionnews.co.uk/companies/financial/engineering-specialist-hit-by-10m-loss/10038510.article
Vinci takes £2.9bn Gatwick Airport stake
Vinci has signed an agreement to acquire a controlling stake in Gatwick Airport for £2.9bn. source https://www.constructionnews.co.uk/markets/sectors/airports/vinci-takes-29bn-gatwick-airport-stake/10038504.article
Firms must explain executive pay
Large construction firms will have to disclose and explain how the pay of their chief executive relates to others in their company. source https://www.constructionnews.co.uk/companies/financial/firms-must-explain-executive-pay/10038512.article
Britain heads for worst house building decade since 1940s
Britain is heading for the worst house building decade since World War Two. Despite Government efforts to boost house building, completions in England between 2010 and 2019 are set to average out at around 130,000 per year. This is well short of the 147,000 achieved...
Jacobs and Aecom picked for Scottish transport review
A team of Jacobs and Aecom has been appointed to support a review that will shape future investment across all transport modes in Scotland.A team of Jacobs and Aecom has been appointed to support a review that will shape future investment across all transport modes in...
Construction bosses will have to justify huge pay packets
Construction bosses will have to start justifying their pay rates under new regulations which come into force this year. The pay ratio regulations will apply to all large UK listed companies with over 250 employees. The first statutory disclosures will be provided...
Spencer takes £14.5m hit on wood pellet handling job
Multi-engineering contractor Spencer Engineering Group has plunged into the red after suffering a £14.5m loss on a major materials handling project. The Hull headquartered business did not identify the project after reporting a pre-tax loss of £9.8m in the year to...
Funding boost for pipe repair robots
Research & development funding has been approved to support the development of an army of micro robots to repair the UK’s underground pipe network, reducing the disruption caused by excavations.Research & development funding has been approved to support the...
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