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FM Conway revenue tops £500m

Kent-based civil engineering contractor FM Conway has passed the £500m revenue milestone. The 12% uplift in turnover to £535m in the year to March 2023 was in part due to inflation and also new work wins, such as a five-year highway construction and maintenance contract for the City of London. The firm also secured a

HS2 leg to Manchester could be axed

Contractors have warned the UK will become an international laughing stock if reports are true that the Government plans to axe the northern leg of HS2 to Manchester. Civil engineers have reacted with alarm warning the move would be short-sighted and undermine the UK net zero goals for 2050. Prime minister Rishi Sunak and Chancellor

Cardo Group completes an acquisition hat-trick

Cardo Group has completed its third acquisition in four months with the purchase of building maintenance specialist Jefferies Contractors. This latest acquisition takes the social housing maintenance group’s annual turnover to £115m, directly employing over 650. Investor-backed Cardo Group was established four months ago through the purchase of £50m turnover Welsh social housing contractor LCB

Profits rebound at Kier as margin rises to 3.9%

A strong performance at Kier’s infrastructure and construction division saw profits rebound despite ongoing inflationary pressures in the market. Pre-tax profit in the year to 30 June soared to £52m, up from £16m previously, after revenue grew 7.5% to £3.4bn. The improved performance, which saw group margin increase to 3.9%, prompted Kier to announce it