Bouygues UK sunk even deeper into the red last year after making additional building safety provisions and suffering further contract losses due to inflation and subcontractors going to the wall. The French-owned contractor suffered pretax losses of £62m in the year to December 2023, worse than the £42m loss reported in the prior year. Bouygues
Chancellor Rachel Reeves is today expected to announce plans to cancel flagship road tunnel projects and pause the already delayed hospital building programme in an attempt to plug a £20bn black hole in public finances. Exact details of which projects are to be axed will be revealed later today but the multi-billion pound Stonehenge Tunnel
Student room developer Watkin Jones has forward sold a planned near 400-bed student scheme with workspace and commercial units in Stratford, East London. Housing Growth Partnership, a social impact investor and part of Lloyds Banking Group, will take a 75% stake in the joint venture development with Watkin Jones taking the remaining 25%. Under this
The Viridis consortium of Equitix, Graham and Derwent FM has been selected as preferred bidder and delivery partner for the next phase of the University of Manchester’s Fallowfield Campus. The £400m deal will be developed under a Design, Build, Finance and Operate (DBFO) model. The University and Viridis will now work together to develop its
Castagra’s fiber-reinforced premium cool roof coating is designed to reflect more sunlight and absorb less heat than standard roofing materials.
Morgan Sindall has been appointed to build a Newcastle leisure centre job which Willmott Dixon walked away from last year after failing to agree a final price amid rising construction costs. Willmott Dixon agreed to complete enabling works under the preconstruction agreement at the West Denton leisure centre while Newcastle City Council looked for a
AT A GLITTERING awards ceremony attended by a range of roofing industry professionals, the winners of the BMI Apprentice of the Year 2024 were announced last night. BMI Apprentice of the Year 2024 Winners In the pitched roofing category, the winner of the BMI Redland Apprentice of the Year 2024 is Leah Stewart, apprentice at
THE MCRMA’s membership has increased further with five more businesses in the past three months. The new members represent a diverse range of expertise being approved to join the trade association dedicated to the metal building envelope sector. New members Capital Coated Steel, Hadley Group, Liquasil, PLS Surveys and Attain RTC take the association’s total membership
Union Budget 2024-25 Reaction – Atul Bhatt, CMD, RINL “The Union Budget FY 24-25 includes pivotal provisions for the development of Andhra Pradesh’s new capital, the Polavaram project, Industrial Nodes,…
THE NEW PRESIDENT of the Insulation Manufacturers Association (IMA) will focus on industry integrity and innovation. Paul Simpson steps into the presidency with an agenda focused on regulatory compliance and positioning the sector at the forefront of innovation and sustainability. With 30 years’ experience in the insulation and construction industries, Paul Simpson is the Commercial
