Buyers’ survey suggests construction industry is regaining confidence
November saw further growth in UK construction output and new orders, the monthly survey of industry purchasing managers suggests.November saw further growth in UK construction output and new orders, the monthly survey of industry purchasing managers suggests.Read...
Skanska lands £196m Carillion MoD contract
Skanska has been awarded a £196m facilities management contract formerly held by Carillion. source https://www.constructionnews.co.uk/companies/contractors/skanska/skanska-lands-196m-carillion-mod-contract/10037863.article
Balfour Beatty pays off £250m debt
Balfour Beatty has paid off a £253m convertible bond in a move that sees its debts reduce by almost half (45 per cent) for the last 12 months. source...
Midland Met delays to cost more than £400m
The NHS trust responsible for the Midland Metropolitan Hospital has admitted the project could cost an extra £400m, with the scheme’s opening delayed until 2022. source https://www.constructionnews.co.uk/midland-met-delays-to-cost-more-than-400m/10037853.article
Construction growth hits four-month high
New residential work helped construction activity edge up to a four-month high in November, according to the latest IHS Markit / CIPS purchasing managers index. source https://www.constructionnews.co.uk/data/construction-growth-hits-four-month-high/10037860.article
Amey director quits after joining from Carillion
Amey Business Director Ray Jones has left to join property services firm Liberty Group as its new Group Managing Director. Jones joined Amey in September 2017 from Carillion where he was a regional director. At Amey he was in charge of growing the local authority...
Springfield secures permission for Scottish Borders development
Scottish Borders Council has granted planning permission to Springfield Properties for a development of 57 affordable homes.Scottish Borders Council has granted planning permission to Springfield Properties for a development of 57 affordable homes.Read Full Article:...
Former highways chief gets Magnox job
Lawrie Haynes, who was chief executive of the Highways Agency in the 1990s, has been put in charge of cleaning up old nuclear power stations.Lawrie Haynes, who was chief executive of the Highways Agency in the 1990s, has been put in charge of cleaning up old nuclear...
CCG reports record turnover
Scottish building contractor CCG has reported a 6.2% growth in turnover and a rise in pre-tax profit to £9.1m.Scottish building contractor CCG has reported a 6.2% growth in turnover and a rise in pre-tax profit to £9.1m.Read Full Article: The Construction Index...
Balfour Beatty pays down nearly half debt
Balfour Beatty has succeeded in paying down nearly half of its gross debt in the last 12 months. The progress in reducing debt from around £640m to nearer £350m comes amid growing concern about the tightening debt markets for contractors. Balfour Beatty revealed the...
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