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 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.
03/21/2018 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.
03/20/2018 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 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.
03/19/2018 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).
03/16/2018 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 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.
03/13/2018 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 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.
03/09/2018 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
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 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.
03/06/2018 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.
03/05/2018 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.