Interserve sets date for rescue plan showdown
The stand-off between Interserve’s lenders and shareholders is set to come to a head at a specially convened general meeting in four weeks time. Shareholders will be asked to vote on the board’s latest updated rescue plan hammered out with major lenders....
Collaborative project seeks to develop house-building innovations
Further details have been revealed of a £6.5m R&D project that aims to modernise house-building.Further details have been revealed of a £6.5m R&D project that aims to modernise house-building.Read Full Article: The Construction Index from All Construction News |...
WYG finance chief resigns
Global consultant WYG has announced the resignation of chief financial officer Iain Clarkson. source https://www.constructionnews.co.uk/companies/financial/wyg-finance-chief-resigns/10040421.article
Crest Nicholson hires Sainsbury’s finance director
South east house builder Crest Nicholson has appointed the former director of group finance at Sainsbury’s to replace Robert Allen, who left the business last year. Duncan Cooper will join as Crest group finance director in June. Before joining...
Balfour fined £600k after worker killed by excavator
Balfour Beatty has been fined after an employee was killed when he was struck by a wheeled excavator while working on the Third Don Crossing in Aberdeen. source...
Travis Perkins profit drops £350m after restructure
Travis Perkins’ profit plunged by £348.6m in 2018 as the materials suppliers overhauled its business. source https://www.constructionnews.co.uk/companies/financial/travis-perkins-profit-drops-350m-after-restructure/10040413.article
Laing O’Rourke wins £195m Soho scheme
Laing O’Rourke has landed the £195m construction contract for the Soho Place project with developer Derwent. source https://www.constructionnews.co.uk/companies/contractors/laing-orourke/laing-orourke-wins-195m-soho-scheme/10040416.article
McGill & Co: Local property tycoon eyes takeover
Administrator KPMG has granted preferred bidder status to a firm owned by local businessman with a view to the acquisition of specialist McGill & Co. source...
Administrator names preferred buyer for McGill
A preferred buyer has been named for Dundee contractor McGill & Co Ltd, which collapsed into administration at the start of this month.A preferred buyer has been named for Dundee contractor McGill & Co Ltd, which collapsed into administration at the start of this...
Former Bouygues London boss joins McLaren
Darren Gill is joining McLaren this week as Managing Director for the London business. Gill left his former role at Bouygues late last year. He had spent 22 years at Bouygues and was London and south east managing director at the time of his departure. Bouygues said...
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