Crossrail cost overruns spiral to £2bn
Problems getting trains to run effectively through the Crossrail tunnels have added another £2bn to project costs and services are now unlikely to begin before 2020.Problems getting trains to run effectively through the Crossrail tunnels have added another £2bn...
Construction output falters
Construction output decreased by 0.2% in October 2018, having previously grown by 1.7% in September 2018.Construction output decreased by 0.2% in October 2018, having previously grown by 1.7% in September 2018.Read Full Article: The Construction Index from All...
Crossrail delayed again as costs rise by another £2bn
Crossrail has bust its budget by another £2bn as further delays to the opening of the project were confirmed. Another extra financing package worth more than £2bn was agreed on Monday afternoon as Crossrail chiefs admitted they couldn’t guarantee hitting the...
Top housing association hires Lendlease resi chief
Lendlease’s head of residential is leaving the firm to join the board of leading housing association Clarion Group. He will join the group executive team in February to lead ambitious development plans. Cook joined Lendlease in 2010 as head of delivery of the...
Crossrail delay to cost up to £2bn
Transport for London has confirmed a new financing agreement for the final stages of Crossrail, with the delayed project now expected to cost a further £1.6bn to £2bn. source...
Interserve shares plummet 75%
Interserve’s share price has fallen by three-quarters this morning, following confirmation it was in talks with lenders regarding a debt-for-equity deal. source...
Ian Lawson to advise McLaren on growth plans
McLaren Group has strengthened its executive board with the appointment of Ian Lawson as a strategic consultant McLaren said Lawson will “focus on identifying strategic opportunities and developing key customer relationships across construction and property...
Wates sets out boardroom code
The Financial Reporting Council has published six principles that large private companies should abide by.The Financial Reporting Council has published six principles that large private companies should abide by.Read Full Article: The Construction Index from All...
Plan for Bristol Finzels Reach £140m phase 2
Bristol developer Cubex is preparing to submit plans for the next phase of its Finzels Reach quarter in Bristol city centre. The developer plans to transform the former headquarters site of Avon Fire and Rescue with a £140m scheme providing 300 private rental homes...
Interserve plans debt-to-equity rescue deal
Unable to pay its debts, Interserve is in negotiations with its lenders to give them shares in the company in company instead.Unable to pay its debts, Interserve is in negotiations with its lenders to give them shares in the company in company instead.Read Full...
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