News

Infrastructure ‘tailwinds’ assist United Living

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Infrastructure and property services contractor United Living generated £453m of revenue in just eight months, according to its latest accounts. Audited figures, covering the eight months to 31 March 2024, also revealed that the firm made a pre-tax loss of £5.7m. Directors said the diversified group had benefited from "tailwinds…

Costs force slowdown in sector growth, PMI reveals

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Construction output growth dropped back in October as high borrowing costs dampened new orders in all sectors. Overall, output in the construction sector came in at 54.3, a drop from September’s 57.2 figure – a two-and a half year record high, according to October’s S&P Global UK Construction Purchasing Managers’…

Barratt calls for U-turn on ‘greybelt’ affordable quota

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A major housebuilder has thrown its weight behind government plans to release greenbelt land - but called for a rethink on the requirement for half of homes to be affordable. Philip Barnes, land and planning director at Barratt Redrow, said he was “excited” by Labour’s policy of promoting building on…

Town and gown deals put Multiplex ahead in October

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Two major deals secured the top spot for Multiplex in October’s league table. The £500m Project Vista scheme in London and the £300m Keystone Building contract for the University of Glasgow (pictured) put the firm comfortably ahead. In second place was Morgan Sindall with 47 jobs worth a total £516.7m,…

Contractors alerted to £1bn of housing work

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Contractors are on alert for a £1bn portfolio of work being offered by housing association Guinness Partnership. The new business will cover planned investment and major works across England over a 15-year period. Guinness Partnership is looking to appoint regional firms to the various contracts, which could cover general construction…

North East facade firm went under with zero net cash

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A glazing and aluminium facade specialist had no net cash when administrators were appointed six months ago. Architectural Glass and Aluminium Ltd (ARGLA), which went under in April, held cash in the bank. But it owed a Coronavirus Bounce Back loan, which cancelled out its entire cash pot. In its…

Balfour scoops £575m US road deal

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Balfour Beatty has secured a $746m (£575m) deal to rebuild a section of the iconic Interstate 35 in the US. The contractor will upgrade a 4km chunk of the highway in Austin for the Texas Department of Transportation. The I-35 runs almost the entire length of the US, from Laredo…

CIC hit by cyber attack 

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The Construction Industry Council (CIC) has revealed its staff's personal data may have been stolen after it was struck by a cyber attack last month.  The industry body said the “cyber incident” took place on 8 October but was only discovered on 23 October, with the CIC finally securing its…

HS2 works ‘may have contributed’ to flooding 

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HS2 works may have compounded flooding in some areas, according to the construction commissioner scrutinising the project.  In his latest report, covering the second quarter of 2024, independent commissioner for HS2 Sir Mark Worthington said he had heard “a number of reports of localised flooding impacting upon residents and communities”. …