A Canadian investor has taken a significant stake in £292m turnover cost consultant Gardiner & Theobald. G&T said the deal with Hennick & Company would preserve its independence creating a platform for growth and expansion throughout the UK, US and Ireland. The size of the stake has not been disclosed but sees G&T continue as
Bowmer + Kirkland is expected to start construction this autumn on a 330-bed student accommodation project after the scheme received the thumbs up from planners. Canada Life Asset Management is working in partnership with the University of the West of England, Bristol to develop the building on the former B&Q garden centre site at Filton
Consultant Turner & Townsend delivered a record year with pre-tax profit jumping 45% to £200m, Global net revenue rose a fifth to £1.3bn as growth was delivered in all seven regions, with particularly strong workload increases in the Americas, Middle East and Asia. The year ending April 2024 marked the the first full year of
Volumetric housing specialist TopHat is facing a winding up petition from stock market listed developer Harworth. Harworth Estates Residential Development has issued petitions against both Derby-based TopHat Communities and Jersey-based parent company TopHat Enterprises. TopHat Communities, a subsidiary of TopHat Enterprises, is responsible for the deployment of modules on customer sites, where groundworks are required.
Construction buyers reported a surge in activity and new orders in July. The bellwether S&P Global UK Construction Purchasing Managers’ Index rose at its fastest rate for 26 months to 55.3 in July from 52.2 in June. All three categories of construction saw activity increase in July as work on housing projects returned to growth.
Water regular Ofwat plans to fine Thames, Yorkshire and Northumbrian Water £168m for failing to manage their wastewater treatment works and networks, in record penalties from its biggest-ever investigation. In addition to the proposed sewage dumping fines, Ofwat plans to impose enforcement orders to require each company to rectify immediately the problems it has identified,
McLaren has launched a new Construction Management and Specialist Projects division to target large scale real estate and public sector projects. Former Sir Robert McAlpine deputy managing director for London Vince Lydon has joined McLaren to head the new division. Lydon spent nine years at McAlpine after working for Balfour Beatty, Bovis and Lendlease, where
Fifteen firms have secured places on Network Rail’s £1.4bn Southern Region minor works, buildings and civils partnership framework. The firms will deliver reactive and planned maintenance of buildings assets, as well as small renewals projects, across Kent, Sussex and Wessex Routes for control period 7 and 8. It rationalises seven current frameworks into one and
Scotland’s biggest constructional steelwork contractor J&D Pierce (Contracts) saw margins enter double figures despite a sharp fall in revenue last year. The Ayshire firm, which was bought by Sweden’s Storskogen Group two years ago, saw pre-tax profit hold firm at £10.5m as revenue slipped to £104m from £138m, adjusted to a pro-rata basis from in
Outline plans for a 3m sq ft data centre campus at South Killingholme near Grimsby in Lincolnshire have been nodded through by the local council. Developer Humber Tech Park said the ambitious plan would create one of the largest AI data centre campuses in Europe and represented an opportunity to secure a £2.2bn to £3bn
