Kier in shock debt restatement
Kier has revised up estimated net debt and warned it will take a £25m hit on its long-delayed Broadmoor hospital project. In a surprise statement this morning Kier revealed it had revised up its average net debt for the six months to December after revisiting how it...
Hochtief UK reveals deepening losses
The UK arm of construction giant Hochtief plunged £11m into the red in the year that managing director Sally Cox stepped down after two years in the job. Financial accounts for Hochtief (UK) Construction covering 2017 have only just been published at Companies House....
2019 Construction Enquirer Awards now open for entries
The Construction Enquirer Awards are back for 2019 and are now open for entries. Our awards are nominated by real construction people and voted for by your staff and suppliers rather than a room full of judges. Last year more than 18,000 votes were cast for the...
Offsite group to shake-up primary school construction
A new consortium has been launched to transform the way primary schools are designed and built by using offsite construction. The Seismic consortium is managed by construction consultants Blacc and is funded by Innovate UK. The other partners are technology-led design...
Colmore Tang revenue nearly doubles to £95m
Birmingham contractor Colmore Tang Construction delivered another year of expansion almost doubling turnover last year to £95m from £49m. The firm recently launched a social housing arm at the start of this year, adding to its fast-growing Tang Interior’s...
Kier admits to higher debts and Broadmoor losses
Kier has today admitted to a higher than previously disclosed debt burden and a £25m hit on its Broadmoor Hospital redevelopment project.Kier has today admitted to a higher than previously disclosed debt burden and a £25m hit on its Broadmoor Hospital...
Grayling in the dock over Heathrow expansion plans
The judicial review of the government’s decision to support Heathrow Airport Ltd’s third runway starts today in the High Court of Justice in London.The judicial review of the government’s decision to support Heathrow Airport Ltd’s third runway starts today...
Watkin Jones signs £90m Wembley PBSA deal
Watkin Jones has completed the forward sale of a purpose-built student accommodation (PBSA) development in Wembley to the real estate investment business of DWS.Watkin Jones has completed the forward sale of a purpose-built student accommodation (PBSA) development in...
Fine for skip hire boss whose was waste was fly-tipped
A skip hire boss has been ordered to pay nearly £25,000 for failing to control where the waste ended up.A skip hire boss has been ordered to pay nearly £25,000 for failing to control where the waste ended up.Read Full Article: The Construction Index from All...
Spurs finally set stadium opening date
Tottenham Hotspur FC’s new stadium will finally open in the first week of April after eight months of delays.Tottenham Hotspur FC’s new stadium will finally open in the first week of April after eight months of delays.Read Full Article: The Construction Index...

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