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Buyers report slowdown in construction decline

Buyers report slowdown in construction decline

Construction buyers saw the downturn in construction slow down again last month to the lowest rate since June. The bellwether S&P Global UK Construction Purchasing Managers’ Index recorded 46.2 in September up from 45.5 in August. The latest reading was below the...

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HSS to pay private equity £26m to buy hire arm

HSS to pay private equity £26m to buy hire arm

HSS Hire has sold its entire traditional hire operations to private equity investor Endless after reporting a £130m loss this morning. The nominal £1 deal for the loss-making hire and builders’ merchant service of 130 depots includes a £26m payment from HSS to...

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Menai Bridge closed over bolt safety fears

Menai Bridge closed over bolt safety fears

Welsh government officials have shut the Menai Suspension Bridge after a safety survey discovered bolts on beams under the crossing need replacing. Cabinet Secretary for Transport and North Wales, Ken Skates said: “Firstly, I want to apologise to local people. I...

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New owner for offsite specialist McAvoy

New owner for offsite specialist McAvoy

Investor Duke Street has agreed to acquire modular building specialist McAvoy The acquisition follows five years of majority ownership by investment manager Blantyre Capital. Founded in 1972, McAvoy designs, builds, and rents modular buildings with headquarters in...

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Bouygues bags £51m Hillingdon college job

Bouygues bags £51m Hillingdon college job

Bouygues UK has been confirmed as main contractor for the redevelopment of the Rosedale College site in  the London Borough of Hillingdon. Work involves demolishing outdated 1960s structures and replacing them with modern facilities, including new teaching and...

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Kier lands £29m Southern Water ECI deal

Kier lands £29m Southern Water ECI deal

Kier has secured two early contractor involvement deals worth £29m from Southern Water under its AMP8 Strategic Delivery Partner Framework. The contracts cover 11 treatment sites – seven wastewater and four clean water facilities – aimed at boosting resilience,...

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Water company fines to fund local restoration schemes

Water company fines to fund local restoration schemes

Over £10m in water company fines will be  channelled into local cleanup projects to repair the damage done by sewage. Through the Water Restoration Fund, money from fines handed to five water companies will fund 51 projects across England, from active measures such as...

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