Construction News - Latest UK construction news

01/19/2018 06:10 PM
Carillion Rail workers to be paid until after Easter
Carillion staff working on Network Rail projects will be guaranteed pay until mid-April, despite the collapse of the contractor.

01/19/2018 12:50 PM
Banks outline £225m Carillion supplier funds
Three of the UK’s largest banks have set out how they will use funds totalling £225m to support suppliers affected by the collapse of Carillion.

01/19/2018 12:17 PM
British Land announces new CFO
British Land has confirmed the appointment of Simon Carter as its new chief financial officer.

01/19/2018 06:50 AM
Council demands back estate on £1.1bn Earls Court site
Hammersmith and Fulham Borough Council has called on developer Capco to hand back the West Kensington and Gibbs Green estate after branding the £1.1bn plans “undeliverable”.

01/18/2018 03:50 PM
Sir John Armitt lands NIC chair role full-time
Sir John Armitt has replaced Lord Adonis as chair of the National Infrastructure Commission (NIC) on a permanent basis.

01/18/2018 01:11 PM
Battersea Power Station bought by Malaysian firms for £1.6bn
Two Malaysian development firms involved in the regeneration of Battersea are set to buy the iconic power station building for £1.6bn to guarantee its long-term future. 

01/18/2018 12:41 PM
PFI reliance on European bank funding revealed
The European Investment Bank (EIB) provided a third of the funding for PFI and PF2 infrastructure projects over the last four years, data from the National Audit Office (NAO) has revealed.

01/18/2018 12:21 PM
HS2 ban on Carillion JV would have been 'illegal' – Grayling
Transport secretary Chris Grayling has claimed it would have been “illegal” to prevent Carillion from winning HS2 contracts.

01/18/2018 12:10 PM
Fresh strikes to hit Balfour Crossrail site
Unite has announced four more 24-hour strikes at a Crossrail site next month as a dispute with Balfour Beatty over bonus payments to electricians continues.

01/18/2018 11:53 AM
Balfour Beatty set for Trump tax reforms boost
Balfour Beatty is the latest UK construction firm to announce that it is expecting a tax boost from president Trump’s tax reforms.

01/18/2018 09:34 AM
Former Carillion boss Richard Howson exits oil giant role
Carillion former chief executive Richard Howson has stepped down from his role as non-executive director at oil giant John Wood Group.

01/18/2018 06:50 AM
Carillion: Banks take 'emergency measures' for subbies
Banks are taking “emergency measures” for small firms hit by Carillion’s collapse as ministers urge lenders to be lenient.

01/18/2018 06:50 AM
Carillion directors' bonus pay halted
Bonuses and severance payments to Carillion directors have been stopped, the Insolvency Service has announced.

01/17/2018 11:59 AM
Heathrow includes M25 tunnel in new consultation
Heathrow has kicked off a 10-week public consultation on its expansion plans, which include proposals to build a tunnel for the M25 beneath the new third runway. 

01/17/2018 11:51 AM
Skanska to cut 3,000 jobs in global restructuring
Skanska will cut thousands of jobs across the group as part of a “comprehensive restructure” following problems in its European operations.

01/17/2018 11:09 AM
Banks hit back at Carillion supplier payment claims
RBS and Santander have hit back at claims by former Carillion boss Keith Cochrane that changes to their supplier payment systems damaged the company’s ability to operate.

01/17/2018 10:53 AM
Interserve: Government dismisses Carillion comparisons
The Cabinet Office has insisted that none of its suppliers are “in a comparable position to Carillion”.

01/17/2018 06:50 AM
Van Elle ‘shifting the blame’ to Carillion, warns ex-boss
Former Van Elle boss Michael Ellis has claimed that the firm’s management is ‘shifting the blame’ to Carillion following the announcement of a £1.6m exposure to the contractor’s collapse.

01/17/2018 06:50 AM
Carillion: £1bn-worth of projects stopped in wake of collapse
Work on more than £1bn-worth of projects has been halted following the liquidation of Carillion on Monday.

01/16/2018 07:28 PM
Carillion rail suppliers 'will not be paid' for work before liquidation
Carillion has confirmed its suppliers will not be paid for any work carried out before the firm went into liquidation, Construction News has learned.

01/16/2018 12:55 PM
Carillion directors face fast-tracked investigation
An investigation into Carillion’s directors will be fast-tracked and include former senior staff, after an intervention by business secretary Greg Clark.

01/16/2018 12:02 PM
Northern Powerhouse plans urge £70bn for infrastructure
Proposals calling for up to £70bn to be spent on transforming infrastructure in the North over the next 30 years have been unveiled.

01/16/2018 11:45 AM
Contractors could be paid to take on Carillion apprentices
Contractors could be handed financial incentives to take on apprentices affected by the collapse of Carillion.

01/16/2018 10:28 AM
Carillion: Government urges tax ‘pragmatism’ for creditors
The government has said it will consider offering tax breaks to suppliers owed money by Carillion in a bid to alleviate the financial pressures caused by the contractor’s collapse.

01/16/2018 06:50 AM
'Catastrophic losses': Carillion retentions crisis looms
Thousands of subcontractors have been left in limbo over retention payments owed by Carillion after the country’s second biggest contractor fell into liquidation on Monday.

01/15/2018 12:40 PM
Carillion leaves Balfour and Galliford with £80m bill on road job
Galliford Try and Balfour Beatty will foot a bill of up to £80m to cover the cost of finishing the Aberdeen Western Peripheral Route, following Carillion’s liquidation.

01/15/2018 11:49 AM
Subbies facing chaos in wake of Carillion demise
Subcontractors have told Construction News of the confusion and chaos on Carillion projects following the firm’s collapse.

01/15/2018 11:22 AM
‘You will be paid’: Staff and subbies told to keep working
Carillion staff and subcontractors have been told by PwC to continue “work as normal” and expect payment for their work during the liquidation proceedings.

01/15/2018 07:18 AM
Carillion collapses into liquidation as talks fail
Carillion is to enter compulsory liquidation after failing to reach an agreement with lenders to keep it afloat, putting major government contracts and thousands of jobs at risk.

01/15/2018 06:50 AM
Former Sellar development director joins U+I
Sellar’s former development director Joanna Axon has taken up the same position at rival U+I.

01/15/2018 06:50 AM
Carillion: HS2 partners have plan in place
Carillion’s HS2 partners have contingency plans in place following the contractor’s collapse, the boss of Kier has revealed.

01/12/2018 09:07 PM
Carillion: Lenders have not rejected rescue plan
Carillion has rubbished suggestions its rescue plan has been rejected by lenders in a statement to the stock market.

01/12/2018 01:40 PM
Carillion: Market ‘very negative from this point forward’
Investors’ views of Carillion have turned “very negative” after rumours of contact with administrators emerged, according to analysts.

01/12/2018 06:50 AM
Laing O’Rourke JV awarded $125m over Canada problem job
A legal dispute over Laing O’Rourke’s CAD$2.1bn problem hospital job in Canada has been settled with the client handing over CAD$125m to cover the cost of delays to the scheme, it has emerged.

01/12/2018 06:50 AM
‘Left in the dark’: McMullen creditors speak out
Subcontractors hit by the administration of McMullen Facades have told Construction News they have been “left in the dark”, with some of the affected businesses now at risk of collapse.

01/11/2018 12:31 PM
Carillion ‘minder' job vacant for three months, minister confirms
The government has confirmed that Carillion’s Whitehall ‘minder’ left a month after the contractor’s July profit warning and was not replaced for a further three months.

01/11/2018 12:16 PM
Swansea tidal lagoon promised ‘substantial’ public investment
The Welsh government has promised “a substantial investment” towards the construction of the Swansea Bay Tidal Lagoon in a bid to kickstart work on the much-delayed energy scheme.

01/11/2018 12:03 PM
Khan's Brexit report says construction most at risk
Construction will be the worst affected major industry following Brexit, according to a study commissioned by mayor of London Sadiq Khan.

01/11/2018 06:50 AM
JRL pays off over half of McMullen's debts
JRL has paid more than half of the £11.3m owed to McMullen Facades’ subcontractors and suppliers, Construction News can reveal.

01/10/2018 03:17 PM
Tarmac buys Welsh contractor Alun Griffiths
Tarmac has acquired Welsh contractor Alun Griffiths for an undisclosed sum.

01/10/2018 12:49 PM
Carillion: Minister confirms contingency plans in case of collapse
The government has contingency plans in place should Carillion collapse, the Cabinet Office minister revealed in parliament today.

01/10/2018 11:23 AM
Construction output suffers biggest quarterly decline in five years
Construction output growth has hit its worst level since 2012, according to new data from the Office for National Statistics.

01/10/2018 08:41 AM
Interserve's debt to hit £513m driven by EfW
Interserve’s net debt will hit £513m for 2017 and is expected to grow further this year, a trading update from the firm has revealed.

01/10/2018 06:50 AM
Colas brings in former Kier MD and Bouygues director
Former Kier infrastructure managing director Jag Paddam and former Bouygues UK director Stephen Leo have joined Colas in two new roles.

01/09/2018 01:17 PM
Lidl ramps up £1.45bn UK investment with new centre
Lidl will build a 1m sq ft regional distribution centre in Hertfordshire as the discount retailer continues its £1.45bn UK investment plan. 

01/09/2018 01:10 PM
Carillion says 'no change' despite share price jump
Carillion has been unable to explain an increase in the price of its shares yesterday that saw their value rally by more than a quarter.

01/09/2018 01:01 PM
Reshuffle brings in seventh housing minister since 2010
Dominic Raab has replaced Alok Sharma as housing minister in Theresa May’s government reshuffle.

01/09/2018 06:50 AM
Retentions bill backer slams sector-wide ‘abuse’
The MP behind a new bill aimed at outlawing directly held retentions in construction has said the current system is subject to abuse and wastes millions of pounds at every level.

01/09/2018 06:50 AM
Grayling and Clark keep jobs in reshuffle non-event
Transport secretary Chris Grayling and business secretary Greg Clark both kept their jobs yesterday in a Cabinet reshuffle that featured plenty of speculation yet few significant moves.

01/08/2018 03:41 PM
Lovell names ex-Laing O'Rourke man as MD
Former Laing O’Rourke director Steve Coleby has been appointed as Lovell’s new managing director.

01/08/2018 01:21 PM
Grenfell Inquiry: KPMG quits over Rydon links
KPMG will stand down from the Grenfell Tower Inquiry following accusations of conflicts of interest.

01/08/2018 12:58 PM
HS2 poaches Highways England procurement chief
Highways England commercial boss David Poole has joined HS2 as its new procurement and supply director.

01/08/2018 12:31 PM
Old Oak Park Development head steps down
Old Oak and Park Royal Development Corporation chief executive Victoria Hills is to step down from her role in April.

01/08/2018 11:18 AM
Sites now taking public bookings for Open Doors 2018
Public bookings are now open for all sites registered for Open Doors 2018.

01/08/2018 11:09 AM
Carillion to unveil rescue plan to lenders this week
Troubled contractor Carillion will unveil a rescue plan to its lenders this week demonstrating how it can secure extra funds to shore up its position.

01/08/2018 10:48 AM
Atkins appoints new CEO for UK and Europe
Atkins has appointed Philip Hoare as CEO for its UK and Europe business with previous incumbent Nick Roberts becoming president of Atkins worldwide.

01/08/2018 06:50 AM
Carillion 'minder' missing amid financial woes
A key government role managing the relationship between Whitehall and Carillion on its public contracts was left vacant for months last year despite the contractor’s financial problems.

01/05/2018 03:35 PM
Armitt in for Adonis as NIC seeks new chair
The National Infrastructure Commission’s deputy chairman Sir John Armitt will lead the organisation on a temporary basis following the departure of Lord Adonis as chairman. 

01/05/2018 01:25 PM
Outrage as McMullen revealed to owe £646k in retentions
Trade bodies have voiced outrage after it was revealed that suppliers of McMullen Facades are still owed nearly £650,000 in retentions following the cladding specialist’s administration.

01/05/2018 12:07 PM
Keller eyes US acquisition amid Trump tax boost
Keller has revealed that it is in discussions to buy US geotechnical contractor Moretrench.

01/05/2018 06:50 AM
Lakesmere creditors have ‘no prospect’ of recovering £26m
Lakesmere administrator Deloitte has said there is “no prospect” of almost 1,000 suppliers and subcontractors being paid the £26m owed to them by the collapsed cladding firm.

01/04/2018 12:32 PM
HS2 boosts Costain's expectations for 2017 results
Costain has described 2017 as a “strong year” for the company boosted by contracts on HS2, in a market update released today.

01/04/2018 12:13 PM
Hitachi hires construction boss for £10bn Wylfa nuclear plant
Former Areva Projects boss Eric Chassard has been appointed as the project director for the construction of Hitachi’s £10bn Wylfa nuclear power plant in Anglesey.

01/04/2018 11:17 AM
Civils market improves as new orders pick up
The civils market had arrested a three-month decline as new orders hit a seven-month high, the CIPS/IHS Markit PMI survey for December has revealed.

01/04/2018 06:50 AM
Crossrail 2 review prompts fresh delays
Crossrail 2 is set for further delays after London’s transport boss admitted a fresh funding review would push back consultations on the scheme until the end of 2018.

01/03/2018 12:30 PM
BFI drops £130m new HQ plans
The British Film Institute (BFI) has canned its plans to build a new £130m headquarters on London’s South Bank.

01/03/2018 12:23 PM
Former Skanska boss joins Network Rail board
The former chief executive of Skanska Mike Putnam has joined Network Rail’s board as a non-executive director.

01/03/2018 07:57 AM
Carillion investigation opened by Financial Conduct Authority
The Financial Conduct Authority has opened an investigation into trading updates made by Carillion between 7 December 2016 and 10 July 2017.

01/03/2018 06:50 AM
Amey hires ex-Balfour boss as non-exec chairman
Amey has appointed former Balfour Beatty chief executive Ian Tyler as the new non-executive chairman of its board.

01/03/2018 06:50 AM
Carillion’s £335m Liverpool hospital job delayed again
Carillion’s £335m Royal Liverpool University Hospital project has been hit by a further delay.

01/02/2018 01:45 PM
Man dies at Canary Wharf construction site after fall
Police are investigating after an unidentified man was found dead following an apparent fall at a site in Canary Wharf.

01/02/2018 12:34 PM
Balfour sells further £62m stake in M25 operator
Balfour Beatty is set to sell a further 7.5 per cent of its stake in M25 operator Connect Plus for £62m.

01/02/2018 10:35 AM
In pictures: What London’s skyline will look like in 2026
 A total of 13 new major developments will be added to London’s skyline by 2026, the City of London Corporation has said.

12/30/2017 06:50 AM
Adonis resigns from National Infrastructure Commission
Lord Adonis has resigned as chair of the National Infrastructure Commission after accusing the government of having “no credible plan for the future of British trade”.

12/22/2017 11:58 AM
Balfour Crossrail workers to go on strike next month
Balfour Beatty electricians at Crossrail’s Woolwich station site have voted to take strike action in the new year. 

12/22/2017 11:35 AM
Carillion gets extra time from lenders over financial covenants
Carillion has been handed an extra four months to prove to its lenders it will not breach its financial covenants. 

12/21/2017 12:52 PM
Birmingham to upgrade venues for 2022 Commonwealth Games
Birmingham will host the next Commonwealth Games in 2022 with a new arena and major stadium upgrade planned.

12/21/2017 12:09 PM
Styles & Wood bought out by venture capitalist for £42.5m
Fit-out specialist Styles & Wood has been acquired by a venture capital firm in a share buyout.

12/21/2017 10:58 AM
MP warns against 'begging' approach to Northern Powerhouse
The co-chair of a new parliamentary group for the Northern Powerhouse has urged the North to “get its house in order” and avoid “taking the begging bowl everywhere”. 

12/21/2017 09:02 AM
Balfour Beatty sells £103m stake in M25 operator
Balfour Beatty has sold 12.5 per cent of its stake in M25 operator Connect Plus for £103m to private equity firm Dalmore Capital.