Keltbray Infrastructure Services buys Linbrooke rail armKeltbray Infrastructure Services Limited has acquired Linbrooke Services’ rail business.
It is the first acquisition since Keltbray Infrastructure Services was sold by its parent company to private equity firm EMK Capital in August.
Linbrooke’s rail business is an approved Network Rail tier-one Principal Contractor, delivering end-to-end…
M Group joins top seven as revenue jumps to £2.2bnPrivate equity-owned infrastructure services specialist M Group has joined the ranks of the industry’s top seven contractors after raising revenue 22% to £2.2bn.
The firm, which was originally spun out of Anglian Water for £135m in 2008 as Morrison Utility Services, delivered strong growth in its target water, energy, highways and telecoms…
BlackRock to take control of Lanes GroupAsset manager BlackRock is set to take a majority stake in water and wastewater contractor Lanes Group.
The deal is expected to close by the end of this month and accelerate growth at the £500m turnover business which employs 4,000 staff on drainage and utility infrastructure jobs.
Wayne Earnshaw, CEO of Lanes Group, said: “This marks a pivotal moment…
High tech construction plant could save country £417bnA report by Costain claims the widespread adoption of Connected and Autonomous Plant (CAP) across construction and infrastructure jobs would stimulate the UK economy by an extra £417bn by 2050.
The contractor said using construction equipment that utilises the latest digital technology will have massive benefits for productivity and…
Concrete frame defects cost Bellway another £14mBellway has set aside an extra £14.1m to remedy structural defects on a south London apartment block.
The company has already spent £31m fixing the reinforced concrete frame of the block in Greenwich which was built 13 years ago.
In its year-end results to July 31 2024 today Bellway said: “The additional provision in relation to the Greenwic…
Green light for 52-storey Isle of Dogs resi towerPlanners in the London Borough of Tower Hamlets have finally given the green light to a residential skyscraper on the Isle of Dogs in London Docklands.
Hong Kong private equity firm Gaw Capital and development manager City & Docklands plan to build a 52-storey tower with around 460-flats on the site of low-level office buildings at 4-5 Harbour…
Contractors urged to “hire now” as labour supply crunch loomsContractors are being urged to “hire now” as further evidence of a looming labour supply crunch in construction emerged today.
Latest labour market statistics from the ONS show construction is getting tighter while the rest of the labour market loosens.
Construction job vacancies grew 14.9% on the year while decreasing by 14.4%…
Data centres and airport expansion to spur growthPlans to invest £1.1bn in London Stansted airport and build yet more data centres that turbo charge planned total digital infrastructure spend to £25bn were hailed at the Government’s International Investment Summit today.
The latest schemes, including a host clean energy projects corralled together in an earlier Government statement, wer…
Kier confirmed for £20m Yasa Motors Bicester HQProperty developer Bicester Motion has picked Kier as its construction partner to deliver UK electric motor company YASA’s HQ at a former World War Two RAF base in Oxfordshire.
The 444-acre future mobility estate in Bicester, called the Ranges, will be built out with several buildings over the next few years.
Kier will construct the bespoke HQ…
BAM reassures supply chain after winding-up petitionBAM Construction has acted to reassure its supply chain after a supplier issued a winding-up petition against the firm.
The main contractor took the step to email its subcontractors after the firm’s credit rating was impacted by the action.
In an email seen by the Enquirer, BAM said: “BAM is aware that its credit rating is being temporarily…