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Profit surges at ‘prudent’ Bam Nuttall

Ben Vogel — Mon, 14 Oct 2024 11:33:42 +0000

Bam Nuttall saw its pre-tax profit soar to £64.4m 2023, largely driven by the resolution of legacy projects. Turnover of £1.21bn generated a pre-tax profit for the year ending 31 December 2023 that was 16 times higher than the previous year’s figure of £4m, its…

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Amey, Bam and Arup land £800m Transpennine rail job

Chris Smith — Fri, 13 Sep 2024 11:07:28 +0000

Two construction firms are sharing £800m worth of work on the Transpennine rail upgrade. Amey, Bam and design consultancy Arup – working as the TRU West Alliance – have won the latest stage of the £2bn project to improve train travel between Manchester, Huddersfield, Leeds…

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Bam Construction posts ‘substantial’ loss after Co-op Live problems

Ian Weinfass — Thu, 25 Jul 2024 11:57:13 +0000

Problems in completing Manchester’s Co-op Live Arena pushed Bam’s UK construction division to a £20m loss. Results for the first half of 2024, posted by Dutch parent company Royal Bam Group, show that UK construction revenue was €468m (£394.4m) for the period, down from €498m…

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Bam’s northern director departs

Will Ing — Wed, 03 Jul 2024 11:02:07 +0000

Bam Construction is looking for a new northern regional director after incumbent John Phillips has retired. Phillips started his career as a civil engineer, working as a subcontractors’ site agent, before joining Bam in 1989. He led the construction of the Leeds Arena (pictured) and…

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Bam plans 40 job cuts

Charlotte Banks — Tue, 25 Jun 2024 12:20:55 +0000

Bam is consulting on cutting 40 roles within its UK and Ireland construction division. The jobs at risk are in the firm’s London and Northern teams, the contractor confirmed. A spokesperson said: “Like all businesses we need to be flexible and adapt to current market…

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Bam starts work on office building at £8bn regeneration

Charlotte Banks — Wed, 05 Jun 2024 11:17:50 +0000

Bam has started constructing the first non-residential building in the £8bn regeneration of Brent Cross, west London. Related Argent and Barnet Council appointed Bam to build the 14-storey office block, known as 3 Copper Square. Bam and Related Argent have not revealed the construction value…

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Bam told to ‘meet its commitments’ on delayed children’s hospital

Greg Pitcher — Mon, 03 Jun 2024 11:45:17 +0000

An Irish government official has accused Bam of backtracking on a promise to complete a new national children’s hospital in Dublin this year. Eamonn Quinn, head of major capital projects in the country’s Department of Health, said the contractor should “meet its commitments” on the…

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Bam chalks up £33m Kent school deal

Greg Pitcher — Wed, 22 May 2024 06:00:17 +0000

Bam has won a £33m deal to build a secondary school in Kent. The Dutch-owned contractor will construct a 750-pupil replacement facility for Orchards Academy in Swanley. The project will see Bam deliver new classrooms along with indoor and outdoor sports spaces on the operational…

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Bam takes Co-op Live loss ‘on the chin’

Charlotte Banks — Wed, 15 May 2024 11:45:00 +0000

Bam Construction has taken a big financial hit on Manchester’s Co-op Live arena after delays sent costs spiralling by £85m, the scheme’s developer has said. Project costs have already ballooned from £365m to £400m and are expected to rise to £450m, arena boss Tim Leiweke…

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Fifteen firms on track for £3.5bn of rail work

Greg Pitcher — Thu, 09 May 2024 14:40:21 +0000

Network Rail has named a raft of big-name contractors on a panel to deliver £3.5bn of infrastructure works in the East of England. The operating body appointed 15 firms including Morgan Sindall, Amey and Bam to its Eastern Routes Partnership (ERP). The framework will deliver…

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