Construction News - Latest UK construction news

03/23/2018 12:13 PM
Met Police admits role in blacklisting
The Metropolitan Police has admitted members of its special branch passed on information that was ultimately used in the construction industry blacklist.

03/23/2018 11:42 AM
M&E firm faces administration after Carillion's collapse
M&E specialist Vaughan Engineering is on the brink of administration after losing £1.7m following Carillion’s demise, with 160 workers facing redundancy.

03/23/2018 06:50 AM
Aberdeen bypass opening delayed again
The troubled £745m Aberdeen Western Peripheral Route completion date has been delayed again and is not expected to open until autumn this year, Transport Scotland has revealed.

03/22/2018 12:27 PM
Grenfell subcontractors named on inquiry list
The Grenfell Tower Inquiry has named subcontractors that worked on the building on its list of core participants.

03/22/2018 06:50 AM
HS2 boss to recruit second-in-command as overhaul continues
HS2’s chief executive has begun his search to bring in a second-in-command in a bid to strengthen the £55.7bn project’s executive team.

03/21/2018 05:03 PM
Interserve agrees deal with lenders
Interserve has announced it has reached an “agreement in principle” with its lenders and other financial stakeholders over its financing.

03/21/2018 04:35 PM
In pictures: Crossrail construction enters final stages
Crossrail’s £14.8bn construction has now entered its final stages, with fit-out of the new stations and tunnels at an advanced stage.

03/21/2018 12:16 PM
Carillion: Minister vows 'urgent' late payment crackdown
Business secretary Greg Clark has told the Carillion joint inquiry a crackdown on late payment “needs to be urgent”.

03/21/2018 10:34 AM
Turner & Townsend appoints new UK MD
Turner & Townsend has appointed Patricia Moore as its new UK managing director and executive board member.

03/21/2018 06:50 AM
Network Rail publishes £1.4bn private project pipeline
Network Rail has published a pipeline of construction projects worth at least £1.4bn for which it will be seeking private funding in the next control period.

03/21/2018 06:50 AM
Carillion joint inquiry attacks pensions watchdog
MPs on the Carillion joint inquiry have attacked The Pensions Regulator as the secretary of state prepares to face the committee later today.

03/21/2018 06:50 AM
Hydrock contracting arm bought out of administration
Remediation specialist Vertase FLI has bought QDS Contracting, just a week after QDS’s owner Hydrock put it into administration.

03/20/2018 12:37 PM
DfT overhauls system to prevent Network Rail delays
The government has outlined its method for awarding money to rail enhancement projects post-2019, in a move designed to ensure the massive cost overruns experienced in CP5 are not repeated.

03/20/2018 10:00 AM
James Wates: Andrew Davies won’t ‘go backwards’ with next post
Wates chairman tells CN former chief exec “won’t go backwards” in his next job and that the firm was “tantalisingly close” to picking his successor.

03/20/2018 06:50 AM
Balfour-Galliford JV probes pay-for-wage allegations
Balfour Beatty and Galliford Try’s joint venture on the Aberdeen Western Peripheral Route (AWPR) has launched an investigation into claims staff on the problem project were charged up to £100 to receive their wages.

03/20/2018 06:50 AM
Wates boss: We’re happy to hit £2bn by 2022
Wates interim chief executive David Allen has told Construction News the firm is happy for its £2bn turnover by 2020 target to be pushed back to 2022.

03/19/2018 12:55 PM
Berkeley eyes up Capco’s £1bn Earls Court site
Berkeley Homes has spoken to developer Capco about the possibility of buying its undeveloped Earls Court site in west London, according to reports.

03/19/2018 12:43 PM
Carillion directors face watchdog probe
Carillion’s former finance directors Zafar Khan and Richard Adam are facing an investigation into their conduct from the Financial Reporting Council (FRC).

03/19/2018 12:28 PM
Vinci’s profit jumps but civils arm suffers another loss
Vinci UK’s group profit jumped fivefold in 2017 thanks to its development and PFI businesses, but its civil engineering arm reported another significant loss.

03/19/2018 11:27 AM
Hammerson rejects 'wholly inadequate' French takeover bid
Hammerson’s board has unanimously rejected a £5bn takeover bid from European retail developer Klépierre, calling its offer “wholly inadequate” and “entirely opportunistic”.

03/19/2018 07:31 AM
Wates' profit edges up as order book tops £5bn
Wates’ profit edged up to £35.7m as the company’s order book topped £5bn in 2017, which chairman James Wates described as a “challenging year” for the industry.

03/19/2018 07:05 AM
HS2: Grayling warned over ‘massive’ cost overrun
A Labour peer has raised fresh concerns with the government over the cost of HS2, arguing the issue must be tackled “before it is too late”. 

03/16/2018 12:14 PM
'Cheesegrater 2' plans submitted by Hong Kong developer
Plans have been lodged for a new 56-storey office block to be built in the City of London, nicknamed the “Cheesegrater 2”.

03/16/2018 12:10 PM
Mitie CEO: Carillion collapse raises 'questions' over outsourcing
Carillion’s failure has raised some “fundamental questions” about the outsourcing sector, the boss of troubled Mitie has admitted. 

03/16/2018 10:59 AM
Network Rail fined £733,000 after derailment
Network Rail has been fined nearly £750,000 after it was found that inadequate maintenance led to the derailment of a freight train in 2013.

03/16/2018 10:52 AM
Berkeley warns it won't ramp up housebuilding volumes
Berkeley has warned it cannot ramp up its housebuilding levels due to the difficulty of getting projects started under current planning laws. 

03/16/2018 06:50 AM
Kier CEO: ‘I’m pleased with debt level’
Kier chief executive Haydn Mursell has told Construction News he is “very pleased” with the contractor’s debt level after its half-year results revealed net debt climbed 33 per cent from £179m to £239m.

03/15/2018 12:48 PM
Skanska set for Carillion job after Kier admits defeat
Skanska is poised to be named as the new contractor on Carillion’s £350m Midland Metropolitan Hospital contract after Kier confirmed it was out of the running.   

03/15/2018 12:45 PM
Persimmon appoints new chair after £110m bonus furore
Housebuilder Persimmon has appointed Roger Devlin as its new chairman following the resignation of its former chair after outrage over the company’s bonus system. 

03/15/2018 08:01 AM
Kier’s half-year revenue up as debt grows
Kier has reported an 8 per cent rise in half-year revenue, but the group’s net debt jumped 33 per cent largely due to investment in its property division. 

03/14/2018 04:58 PM
Leo Quinn: Clients must be 'more discerning' to tackle low margins
Balfour Beatty’s Leo Quinn has said the industry needs “leadership and resistance” over low margins and for clients to be “more discerning”.

03/14/2018 12:59 PM
Balfour CEO: We have the industry's strongest balance sheet
Balfour Beatty chief executive Leo Quinn has claimed the firm has the industry’s strongest balance sheet, thanks to its focus on cash generation.

03/14/2018 11:07 AM
Network Rail seeks alliances for £5bn track works
Network Rail is inviting bids from alliances for £5bn worth of track works.

03/14/2018 10:51 AM
Hydrock remediation arm enters administration
QDS Contracting, the remediation arm of groundworks specialist Hydrock, has been put into administration, with 95 staff affected.

03/14/2018 07:51 AM
Balfour Beatty hits five-year high with 2017 results
Balfour Beatty posted its best results in five years today with a pre-tax profit of £117m in 2017 – up sharply from £10m in 2016 – on group revenue (minus JVs) of £6.92bn.

03/14/2018 12:01 AM
Lendlease and Morgan Sindall fight for £4bn Peabody scheme
Lendlease and Morgan Sindall are the two firms left in the race to be named development partner on the £4bn Thamesmead Waterfront Peabody mixed-use scheme in south London. 

03/13/2018 04:13 PM
Crossrail chief Wolstenholme to join BAE Systems
The chief executive of Crossrail Andrew Wolstenholme is to join BAE Systems as the company’s new UK managing director of Maritime and Land.

03/13/2018 04:07 PM
Hammond vows to tackle 'scourge' of late payments
Chancellor Philip Hammond has vowed to look at cracking down on late payments to small firms. 

03/13/2018 01:23 PM
Four shortlisted for £165m Edinburgh tram job
Four bidders have been shortlisted to deliver the £165m extension of Edinburgh’s tram system.

03/13/2018 12:42 PM
Network Rail to trigger £525m framework extensions
Network Rail has revealed plans to extend 16 of its long-term construction deals by an extra two years, with the extensions set to be worth up to £525m.

03/13/2018 11:57 AM
Crossrail revises construction plan after cost concerns
Crossrail has made changes to its delivery plan as part of a drive by the body behind the £14.8bn rail project to mitigate cost overruns and delays on the scheme.

03/13/2018 11:28 AM
Ex-Skanska CEO joins Arcadis supervisory board
Former Skanska chief executive Michael Putnam is due to join Arcadis’s supervisory board next month.

03/13/2018 11:17 AM
L&G expands homes arm with £315m buyout
Legal & General Capital (LGC) has taken full ownership of Cala Homes after buying an outstanding 52.1 per cent stake for £315m.

03/13/2018 11:01 AM
Wates bags £1bn east London council estate contract
Wates has agreed a £1bn contract to redevelop 12 council estates across the east London borough of Havering.

03/13/2018 11:00 AM
CN Awards 2018 shortlist revealed
The finalists for the construction industry’s most coveted awards have been revealed.

03/13/2018 06:50 AM
Laing O’Rourke FD criticises contractors chasing volume
Laing O’Rourke financial director Stewart McIntyre has told Construction News contract prices have been forced too far down and that risk allocation between contractor and client is “skewed the wrong way”.

03/12/2018 01:20 PM
More Carillion staff axed as contract handover ramps up
Further Carillion construction staff have been made redundant as part of the contractor’s liquidation process, the official receiver has confirmed.

03/12/2018 12:19 PM
More than 60 trade bodies back retentions bill
More than 60 trade bodies are now behind the parliamentary bill to bring an end to retentions in the construction industry.

03/12/2018 12:00 PM
Stansted to open bidding for £340m expansion
Stansted Airport has started the bidding process for its planned £340m expansion programme.

03/12/2018 11:07 AM
Balfour Beatty to cut Scottish power jobs
The Scottish government will hold discussions with Balfour Beatty over the contractor’s decision to cut 25 roles from its Scottish Power and Distribution division.

03/12/2018 10:46 AM
Carillion chair denied last-gasp loan was ‘bail-out’
Ex-Carillion chairman Philip Green denied the £10m government loan sought by the contractor in its last days represented a “bail-out”, a letter released by the Carillion inquiry has revealed.

03/12/2018 10:23 AM
Arcadis appoints new UK CEO amid management shake up
Arcadis buildings MD Mark Cowlard has been promoted to UK CEO, as former UK boss Alan Brookes stepped up to group executive for UK, Europe and the Middle East.

03/09/2018 12:55 PM
Rydon decides against Grenfell provision in 2017 results
Rydon will not make a provision for costs associated with the Grenfell fire, the company’s results for 2017 have revealed.

03/09/2018 12:48 PM
Robertson to spin off housebuilding businesses
Robertson Group is set to spin off its housebuilding businesses as part of a group restructure, Construction News understands.

03/09/2018 12:10 PM
Declining output 'no longer a blip' as orders fall
Construction new orders dropped 1.3 per cent in the final quarter of 2017 while output declined for the ninth consecutive period, according to new data from the Office for National Statistics.

03/09/2018 11:41 AM
In pictures: Specialists Awards 2018
More than 750 attendees from across the industry gathered last night in London’s Mayfair to celebrate the UK’s best specialist contractors.

03/09/2018 06:50 AM
Winners revealed at Specialists Awards 2018
The winners of the Construction News Specialists Awards have been revealed at a glittering ceremony at London’s Grosvenor House Hotel.

03/09/2018 06:50 AM
Crossrail boss Wolstenholme to join HS2 board
The outgoing boss of Crossrail Andrew Wolstenholme will join HS2’s board when he leaves the £14.8bn project at the end of the month, Construction News can reveal.

03/08/2018 02:31 PM
Crossrail chief Andrew Wolstenholme to step down
Crossrail chief executive Andrew Wolstenholme is stepping down from his role after seven years leading the £14.8bn project.

03/08/2018 01:31 PM
Laing O’Rourke FD: We’ll be back in profit this year
Laing O’Rourke’s group finance director Stewart McIntyre has said the company’s next results will see a return to profit as losses on its Canadian hospital JV are reduced.

03/08/2018 12:24 PM
Ex-Carillion man lands Highways England role
Highways England has appointed former Carillion director David Picton as its interim executive director for commercial and procurement.

03/08/2018 11:47 AM
Vp’s £41.6m Brandon Hire buy approved
Vp’s acquisition of Brandon Hire has been approved by the Competition and Markets Authority (CMA).

03/08/2018 06:50 AM
One in five companies have no women in senior roles
One in five construction companies have never promoted a woman to a senior position and nearly half of female workers say they have experienced gender discrimination, a CN/Randstad survey has found.

03/07/2018 01:07 PM
Carillion: 'Enhanced liquidation' could have salvaged creditor cash
EY told Carillion’s major lenders shortly before the contractor’s collapse that there was a chance to salvage as much as 6p in the £1 for creditors if Carillion could secure £40m to stay afloat two weeks.

03/07/2018 11:19 AM
Travelodge to invest £340m in hotel estate
Travelodge has revealed plans to build 20 new hotels with a combined value around £240m. 

03/07/2018 06:50 AM
Arcadis CEO says contracting model ‘not fit for purpose’
Arcadis CEO Alan Brookes has told Construction News that the industry must reconsider risk allocation and the contracting business model in the wake of Carillion’s collapse.

03/06/2018 01:06 PM
Caddick chairman slams contractor payment practices
Caddick chairman Paul Caddick has criticised the treatment of the supply chain by tier one contractors.

03/06/2018 01:04 PM
Carillion: More site staff axed including Royal Liverpool workers
More Carillion construction staff have been let go as part of the liquidation process, the official receiver has announced.

03/06/2018 11:42 AM
Carillion highways bosses join Galliford Try
Carillion’s former highways MD Duncan Elliott and highways commercial director David Bates have both joined Galliford Try.

03/06/2018 11:34 AM
Lagan Construction: 200 staff stay at home as administrators appointed
Around 200 Lagan Construction staff members have been told to stay at home following the appointment of administrators at four of the firm’s construction businesses.

03/06/2018 06:50 AM
Build UK chair calls for poor payer ‘consequences’
Build UK chairman and Mace deputy chief operating officer Mark Castle has told Construction News there has to be “consequences” for bad payers following the collapse of Carillion.

03/06/2018 06:50 AM
CITB reveals roll-out date for training and grant systems
The CITB will start to roll out a new training model and grant system next month that it claims will cut costs, reduce red tape and make accessing training easier for SMEs.

03/05/2018 11:36 AM
May warns developers: Speed up or you won't build
Councils could be given the power to refuse planning permission to developers who build out housing sites too slowly, Theresa May will warn today.

03/05/2018 11:20 AM
Utilities firm moves into affordable housing with developer buy
Utilities and property services company Fastflow has moved into the affordable housing development market after buying Partner Group for an undisclosed sum.

03/05/2018 10:37 AM
Interserve job cuts loom as pub founder buys debt
Interserve could cut up to 1,000 jobs worldwide this year as part of its turnaround efforts, which have received a fresh boost after a new investor purchased up to a third of company’s debt.

03/05/2018 07:30 AM
Laing O’Rourke's overdue accounts reveal £67m loss
Laing O’Rourke suffered a £66.9m pre-tax loss in its 2017 financial year but underlying profit and cashflow were both positive as its turnaround strategy continues.

03/04/2018 06:50 AM
Trade body slams Carillion bosses as MPs urged to act
The Federation of Small Businesses has written to MPs attacking the attitude of Carillion bosses towards SMEs and calling for new measures to protect suppliers.

03/04/2018 06:50 AM
Carillion hid poor cashflow with 'aggressive management'
Carillion’s management understated how much capital it needed to keep trading by £145m and had covered up years of poor cashflow, according to a report by troubleshooting firm FTI Consulting.

03/02/2018 12:22 PM
Lendlease wins backing for Timberyard build-to-rent phase
Lendlease has secured planning permission for the next stage of its Timberyard Deptford development.

03/02/2018 12:12 PM
Growth struggles to recover in February PMI
Construction activity struggled to recover in February as business optimism remained low, the latest PMI data has revealed.