Consultant Turner & Townsend has smashed the £1bn turnover mark for the first time and delivered a 36% jump in pretax profit to £155m. Global net revenue rose 37% to 1.1bn as growth was delivered in all seven regions, with particularly strong workload increases in the Americas, Middle East and Asia. In the UK, revenue

Prime Minister Rishi Sunak has detailed his plans to roll back targets to get the UK to net zero in 2050. His plan to water down green targets include: Proposed ban on diesel and petrol cars by 2030 delayed to 2035. People still allowed to buy secondhand cars after that date. “Far more time” to

Scottish house builder Springfield Properties is halting work on speculative private housing sites as demand droops. The move is a shift from this time last year when Springfield decided to focus on private starts and put all future affordable housing and build to rent schemes on hold due to rising costs and the Scottish Government’s

Detailed designs for three major laboratory and office buildings totalling 458,100 sq ft have been approved by Oxford City Council planners. The three projects will be built as phase 2 of the £700m Oxford North life sciences innovation district being developed in joint venture by Thomas White Oxford, the development company of St John’s College,

Galliford Try is raising profit expectation for 2024 on the back on strong results for this year and strong orders ahead. Bill Hocking, Chief Executive, said the firm had secured 75% of next year’s revenue and expected an improved performance across both building and infrastructure divisions. “We are encouraged that the momentum in the business

GMI has won a 45-storey student accommodation scheme in Leeds. Developer Olympian Homes and investor Cain International said the Cirrus Point scheme will be “the tallest PBSA building in the world and the tallest building in Leeds.” Demolition is now complete at the Merrion Way site allowing main construction to start by GMI on the

The former CEO of failed modular contractor Mid Group has joined Tilbury Douglas. Steven Hearn has been appointed regional director of the South East division. Hearn was a founder and CEO of Mid Group which went under last year with parent company Mid Holding Co UK Ltd owing suppliers an estimated £24m. Following Mid Group’s

Engineering construction contractors have upped their final pay offer to head off a threatened national strike. Employers signed up to the National Agreement for the Engineering Construction Industry have come up with better offer of a 10% rate rise in January, followed by a 5% rise in 2025. It improves on the 8.5% and 3.5%

Strabag UK has taken on over 15 former Buckingham Group senior staff to speed up plans to set up a new building operation. The Austrian civils giant said the move had accelerated plans to enter the building sector by more than a year. Strabag UK has established a new office in Solihull, Birmingham to ensure

Another 27 schools have been discovered to have reinforced autoclaved aerated concrete, according to fresh Government figures. Department for Education officials said surveyors had been checking hundreds of schools every week for RAAC. The total number of schools impacted has risen 18% to 174 in the two weeks since the crisis started after the DfE