construction news
Aecom’s £800m London tower under review
Work on what would be the tallest residential development in Western Europe is to be reviewed, owing to changes in the market, its developer has said. source https://www.constructionnews.co.uk/projects/aecoms-800m-london-tower-under-review/10038224.article
Balfour Beatty delivers 2-3% construction margin goal
Balfour Beatty chief Leo Quinn has achieved his goal of returning the business to industry standard margins by the end of this year. In a trading statement this morning he revealed construction margins had returned to 2-3% in the second half of the year, despite a...
£300m Edgbaston mixed-use scheme advances
Plans for a £300m office-led mixed-use scheme in the west end of Birmingham have moved one step closer. Joint developers Calthorpe Estates and U+I has submitted details plans for phase one of the New Garden Square scheme in Edgbaston. Designed by Glenn Howells...
Scape MD joins framework’s delivery partner
Scape Group managing director Victoria Brambini has joined consultancy joint venture Perfect Circle. source https://www.constructionnews.co.uk/companies/industry-moves/scape-md-joins-frameworks-delivery-partner/10038201.article
Bam lined up for Manchester office job
Bam Construct is understood to have been chosen to deliver a new office and hotel development in Manchester. source https://www.constructionnews.co.uk/companies/contractors/bam-construct/bam-lined-up-for-manchester-office-job/10038204.article
Pre-cast firms admit to illegal cartel
The Competition & Markets Authority (CMA) has provisionally found that three drainage product manufacturers broke competition law by fixing prices, dividing up the market between them and ripping off their construction industry customers.The Competition & Markets...
Cartel bust: Two firms admit seven-year scheme
Two concrete firms have admitted to operating an illegal cartel for almost seven years, the Competition and Markets Authority (CMA) has revealed. source https://www.constructionnews.co.uk/best-practice/legal/cartel-bust-two-firms-admit-seven-year-scheme/10038206.article
Spurs stadium delayed again
Tottenham Hotspur FC have announced another delay to the opening of its new stadium. source https://www.constructionnews.co.uk/projects/spurs-stadium-delayed-again/10038210.article
Cabinet Office: Interserve ‘does not need new money’
Cabinet Office spokesman Lord George Young has said it is not “accurate” to compare Interserve’s situation with Carillion. source https://www.constructionnews.co.uk/companies/contractors/interserve/cabinet-office-interserve-does-not-need-new-money/10038212.article
Firms admit price-fixing of concrete drainage products
Two materials firms have admitted breaking competition laws by taking part in a cartel. The Competition and Markets Authority discovered that price fixing meetings went on for seven years from 2006 in the pre-cast concrete drainage sector. Derbyshire-based Stanton...
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