BAM is restructuring its construction operations in England resulting in a “small number of redundancies”. Changes will see the business reduce the number of operating regions from seven to five. The key moves will be a combining of the North West and North East regions to create a new Northern Region and the South East
The UK construction division of Sisk fell into the red last year. Latest results for parent company Sicon Limited for the year to December 31 2022 show the UK construction division delivered turnover of £350.7m from £382.9m the previous year generating a pre-tax loss of £2.5m compared to a pre-tax profit of £8.4m in 2021.
Developer Weston Homes is on track to start work in early 2024 on its £300m Anglia Square regeneration scheme in Norwich. The firm today reported it has finalised its section 106 agreement on the controversial project putting it on track to get full Government and Homes England approval this Autumn. The 1,100 homes mixed-use development
The Government needs to quadruple planned spending on its new hospital programme to get close to meeting already revised building plans. A thorough audit of progress on the Boris Johnson Government’s commitment to build 40 new hospitals by 2030 has revealed serious flaws in progress to date. The National Audit Office report warns the Government
R&W Civil Engineering has filed a notice of intention to appoint an administrator. The court notice was lodged last week by the civils contractor which has been operating across the south of England since 1981. Two years ago its is specialist R&W Rail arm was shut down after suffering heavy losses. Latest accounts for R&W
The Department for Transport has approved plans for the vast A303 Amesbury to Berwick Down upgrade including a tunnel under the historic Stonehenge site. The green light was finally granted on Friday following a long-running planning saga. Planning permission for the scheme was originally granted in 2020 but was quashed by the High Court in
Former Carillion group finance director Richard Adam has been disqualified as a director for 12 and a half years. An Insolvency Service spokesperson said: “The Insolvency Service, acting on behalf of the Secretary of State for Business and Trade, has accepted a disqualification undertaking from Richard Adam for 12 and a half years for his
British Steel has announced a £30 per tonne price increase on structural sections to take immediate effect. The move follows nearly six months of price falls during which time prices slid back by around 20% from their recent peak at the turn of the year. In a letter to stockholders and steelwork contractors, the steel
Developer Martin’s Property Investments has appointed Galliford Try to carry out the £72m remodelling and refurbishment of Adelaide House in central London. The works consist of the remodelling of the nine-storey, Grade II-listed building, adjacent to London Bridge to a Category A office standard. Originally completed in 1924 on the site of the original London
Lendlease’s restoration of Manchester’s grade one-listed town hall is running two years late and has broken the contingency budget. Rampant construction inflation, knock-on costs of delays from Covid and more stringent fire testing of materials are being blamed for pushing the project seriously over budget. With restoration work around 60% complete, the project is now
