Civils

A string of acquisitions has contributed to specialist OCU Group racking up a pre-tax loss of £30.9m, its latest annual accounts have shown. However, the infrastructure contractor revealed a 34 per cent increase in revenue to £610.6m in its accounts for the year ended 30 April 2024. That compares to revenue…

The British Infrastructure Taskforce is about to start work with the chancellor of the exchequer. Chancellor Rachel Reeves (pictured) is meeting finance leaders today (18 October) to discuss how to enable funding and speed up delivery of major projects across the UK. It is the group’s first official meeting since…

Clancy has added three new faces to its top team to grow its civils and energy work - including a hire from Skanska . The contractor has made the appointments to help deliver new business across energy, water and major civil engineering projects. Jon Arnold is Clancy's new operations director,…

A developer of micro nuclear power stations plans to build four units in South Wales, to deliver power directly to industrial customers. US-owned Last Energy, which says it needs no public funding for its plants, wants to build the four 20 MWe modular-built stations on the site of the former…

A Surrey-based infrastructure specialist has enjoyed an increase in profit and turnover on the back of two major acquisitions in the engineering sector. Octavius Infrastructure celebrated a “very successful year” following the buys, which helped propel its pre-tax profit from £3.8m to £4.6m. Turnover for the year to 31 March…

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 latest accounts show. This marked…

The government has revealed billions of pounds of infrastructure investment and announced a fresh pledge to speed up planning for major projects. Ahead of a summit on Monday (14 October) in London for global investors, prime minister Sir Keir Starmer revealed deals for projects across the UK. He also renewed…

Anglian Water has revealed the contractors that will deliver its next maintenance contracts. The firm named the four companies to deliver its water-recycling infrastructure maintenance repair (IMR) work as part of asset management period 8 (commonly known as AMP8), for 2025-30, and in the process secured about 7,500 jobs for…

The government will publish a 10-year infrastructure strategy next spring alongside its multi-year spending review, a senior minister has announced. Speaking at Skanska’s headquarters yesterday (October 10), chief secretary to the treasury Darren Jones said new long-term plans for infrastructure would be aligned with the government’s cross-departmental spending framework, offering…

The UK’s “highly fragmented” construction industry is a key factor in the huge costs of major projects, the National Infrastructure Commission (NIC) has said.  The independent public body urged the government to commit to a future infrastructure pipeline to encourage consolidation. It added that problems with consenting, design and risk…