M&J Evans lifts profits as eastward regional push pays offGroundworks specialist M&J Evans has lifted pre-tax profit 67% despite a dip in turnover as its regional expansion strategy starts to deliver results.
The Midlands-based housing specialist posted pre-tax profit of £3.8m for the year to December 2024, up from £2.2m, while turnover edged down 3% to £323m.
Operating profit rose 31% to…
Carey demolition cartel claim settled with developerA claim by a developer against Carey Group that it was overcharged £2.4m for demolition work has been withdrawn after both sides reached a settlement.
Hong Kong based developer Circadian Limited launched the action in March claiming it was overcharged for demolition work caught up in the industry’s bid rigging scandal.
Carey owned Scudder was…
Strabag seals financial close for £3bn HARP projectA consortium led by Austrian contractor Strabag has sealed financial close on the £3bn Haweswater Aqueduct Resilience Programme (HARP) for United Utilities.
The North West’s 110km Haweswater aqueduct upgrade is the the UK’s first major water scheme procured under Ofwat’s Direct Procurement for Customers model.
Strabag and partners Equitix…
Civils winners revealed for £12bn National Grid high voltage workNational Grid has completed the award of its High Voltage Direct Current (HVDC) infrastructure programme with civil works worth £12bn.
The third and final stage of its £59bn supply chain framework awards for the Great Grid Upgrade follows cabling and converter station deals announced earlier this year.
Six HVDC converter civ…
Fight looms for £3bn West Midlands building frameworkMarket testing has kicked off for the third-generation Constructing West Midlands framework worth up to £3bn.
Acivico, owned by Birmingham City Council, is leading the procurement of CWM3 alongside partners Solihull and Sandwell councils. The framework will cover all building works, from new-builds and extensions through to repairs, M&E,…
United Living quits new-build housing as costs mountUnited Living is pulling the plug on its £136m-turnover new build homes business taking a £22m hit following a strategic review by owners Apollo Global Management.
The contractor confirmed it will complete current housing schemes, including multi-family flats and single-family homes, but will take on no new projects.
United Living said t…
Industry anger over sudden CITB funding changesConstruction training professionals have been blindsided by sudden funding changes announced by the CITB.
The CITB has given the industry only a few weeks notice that it will be closing the current Skills & Training (S&T) fund which is worth up to £10,000 to many smaller contractors.
Other cuts include an early ending of enhanced grants for…
Plans in to transform former GSK London HQ with 2,300 homesDeveloper Hadley Property Group has lodged a hybrid planning application to redevelop the flagship former GlaxoSmithKline headquarters in Brentford, West London.
The ambitious scheme at 980 Great West Road spans 13 acres and proposes over 2,300 homes across a mix of tenures, with 35% classed as affordable.
The plans also include around…
Watch Murphy near completion of major new rail bridgeNetwork Rail and its contractor Murphy are just days away from completing the main phase of a £20m project to overhaul Greek Street bridge over the West Coast Main Line in Stockport.
A 21-day suspension of all trains for the massive civil engineering project ends this weekend.
Over the last two weeks teams have successfully dismantled and…
Mount Anvil’s in-house builder drives results in testing marketLondon developer Mount Anvil’s in-house contracting business has surged to £228m turnover in the latest 15-month reporting period, almost doubling on the prior year.
The contracting pipeline now stands at £524m with housing associations, more than £200m higher than a year ago, supported by £850m of intra-group private build…