Bouygues

Bouygues UK has posted a £42m pre-tax loss after almost doubling its building-safety provisions. The contractor’s accounts for the year to 31 December 2022 showed it slumped from an £835,000 pre-tax profit in 2021. Its turnover also slid, to £382m from £484m in the year before. The French-owned company, which…

Soaring costs are set to cause a Bouygues-led consortium to scale back work to extend the West Midlands Metro line. Funding of £450m approved in 2019 was meant to see the line extended from Wednesbury to Brierley Hill, linking Dudley with Birmingham, Wolverhampton and the national rail network. Midland Metro…

Bouygues earned more than any other contractor in February after it landed the highly sought-after contract to build a new integrated eye hospital, according to data provided by construction intelligence provider Glenigan The French firm was locked in as contractor on the £300m scheme last month after it was named…

Client bodies are moving away from “race to the bottom” procurement, having come to understand contractors’ struggles with inflation, the chief executive of tier one contractor Bouygues UK has said. Racing to the bottom on procurement usually refers to clients valuing low-cost options above all else. Speaking at the CN…

The Competition and Markets Authority has closed its investigation into French industrial giant Bouygues’ acquisition of construction-services firm Equans for €6.1bn. Bouygues agreed to acquire Equans from fellow French firm Engie in November for an initial price of €6.5bn, which, when factoring in net debt, resulted in a final purchase price…

A budget cut planned for next year is likely to delay the government’s £3.7bn promise to build “40 new hospitals” by 2030, the Liberal Democrats have claimed. The recent Autumn Statement set the capital budget for the Department of Health and Social Care (DHSC) at £12bn in 2022-23 and £11.7bn…

A worker, understood to be an employee of a joint venture between Bouygues Travaux Publics and Laing O’Rourke, has died at the Hinkley Point C nuclear power station construction site in Somerset. Operations have been paused at the EDF-run megaproject, following the death in a traffic incident at 8.30am on…

Bouygues UK has been confirmed as the preferred contractor for a new integrated eye hospital in central London. Yesterday, health bodies involved in the scheme announced the approval of the business plan for the scheme, as well as funding from both the NHS and central government. The new facility, named…

Bouygues has completed its first self-delivered modular project in the UK. The 491-bedroom student accommodation block at The Riverside in Canterbury was assembled using modules produced in a dedicated offsite factory in Morocco. A total of 430 modules were transported to the UK and installed on site, helping to ensure…

Bouygues UK has earmarked nearly £4.3m for provisions on expected loss-making contracts. In its accounts for the year to 31 December 2021, issued this week, the contactor said its provisions related to “expected losses to completion on construction contracts in progress”. It did not name the specific projects. The results…