construction news
Bailey bridge provides relief for Lincoln
Installation of a five-span Bailey bridge has removed the need for construction traffic on the Lincoln bypass to drive through the city.Installation of a five-span Bailey bridge has removed the need for construction traffic on the Lincoln bypass to drive through the...
Tipper truck driver killed in spoil heap spill
A contractor has been fined £45,000 after the driver of a tipper lorry was killed by his vehicle toppling on a spoil heap.A contractor has been fined £45,000 after the driver of a tipper lorry was killed by his vehicle toppling on a spoil heap.Read Full Article:...
Kier resorts to rights issue to tackle debt mountain
Operating under the strain of a massive debts, Kier is asking shareholders to stump up £264m through a rights issue.Operating under the strain of a massive debts, Kier is asking shareholders to stump up £264m through a rights issue.Read Full Article: The...
Wales to launch infrastructure bonds
The Welsh government has gained new powers to issue bonds to help fund infrastructure investment.The Welsh government has gained new powers to issue bonds to help fund infrastructure investment.Read Full Article: The Construction Index from All Construction News | The...
Terry Morgan expects Crossrail problems to cost him HS2 job
Acclaimed engineer Sir Terry Morgan is bracing himself to be dismissed from both his Crossrail and HS2 chairman jobs. Sir Terry revealed that he expected to be forced from his HS2 job by Government because of concerns about ballooning costs at Crossrail. Speaking to...
Bidders day for £630m southern highways framework
Hampshire County Council is preparing to hold a bidders day for its fourth generation framework for highways infrastructure and civil engineering work across the South of England. An estimated £630m pipeline of works from 2020-2024 will be split between three separate...
Kier bosses: ‘We had to act when lenders quit construction’
Kier chief executive Haydn Mursell has said the firm’s banks and lenders have “changed their position” rapidly after deciding to cut exposure to the entire construction sector. source...
Kier launches £264m rights issue as debt risks increase
Kier has launched a £264m rights issue to help pay down its borrowings and in response to increased risks to its net debt position. source...
Rising debts force Kier to launch £264m rights issue
Kier is launching a rights issue in a bid to raise £264m to pay down debts. The contractor confirmed the move in a Stock Exchange announcement on Friday afternoon which saw its share price fall 15%. Kier said it needs the money because banks are becoming increasingly...
Former Carillion HQ to be converted into flats
Carillion’s former HQ in Wolverhampton is to be converted into co-living flats as part of an £8m renovation project. source https://www.constructionnews.co.uk/markets/sectors/housing/former-carillion-hq-to-be-converted-into-flats/10037760.article
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