Profit recovery continues at Laing O’RourkeLaing O’Rourke has posted a rise in pre-tax profits despite a drop in revenue at the Europe hub which includes UK operations.
The construction giant saw pre-tax profit for the year to March 31 2025 hit £41.5m from £14.1m last time with turnover steady at £3.9bn.
At the Europe hub pre-tax profits were £14m from a £21m loss last time as revenu…
JRL replaces Ardmore on £150m City landmark revampJRL Group has secured a major London job to deliver the £150m revamp of the landmark 25 Finsbury Circus building in the Square Mile.
The Malaysian developer IJM Corporation bought the long lease on the historic Grade II-listed building earlier this year, with planning consent already secured for a major overhaul.
Ardmore was previously lined u…
Firms readied for £145m Welsh bridge raceContractors have been put on alert to bid for the £145m River Dee Bridge replacement, with the bid race due to launch later this month.
The Welsh Government will run a two-stage early contractor involvement race using NEC4 contracts with an incentivised cost model and a strong emphasis on social value.
Five firms will be shortlisted, followed by a…
Green light for Bristol Brabazon over-station office blockYTL Developments has secured planning for a landmark eight-storey office building at its major Brabazon regeneration scheme on the former Filton Airfield site in North Bristol.
The 120,000 sq ft Grade A block will be built directly above the new staffed ticket office for Brabazon Station, which BAM is presently building.
Designed by AHR…
£200m funding deal for hydrogen from waste plantMiddle East investors have confirmed £200m of funding for a hydrogen-from-waste facility on the Tilbury Tax Site at Thames Freeport.
The plant will be delivered by specialist Chinook Hydrogen.
The investment represents the first stage of a £1bn national hydrogen corridor, comprising multiple green hydrogen production sites across the UK road…
Go-ahead for London major hospital-to-resi schemeDeveloper TT Group has secured planning approval to revive the iconic Ravenscourt Park Hospital in Hammersmith with a residential-led overhaul of the long-vacant Art Deco landmark.
Hammersmith and Fulham Council backed the developer’s plans to create 140 homes, a 65-bed care home and new community space on the 3.87-acre site, originally opened by…
Civil specialist M Lambe slips into the redMidlands-based civil engineering specialist M. Lambe Construction slipped into the red last year as slowing private housing demand and tighter tender margins hit the bottom line.
Turnover fell 8% to £95m for the year to 31 October 2024, down from £103m.
The firm posted a pre-tax loss of £430k compared with a £2.2m profit before amid weakening…
Retentions could be banned in late payment crackdownRetentions could be banned under government plans to crackdown on late payment.
Included in a suite of proposed legislation to improve conditions for small and medium-sized businesses were “options to reform or ban cash retentions in construction contracts.”
The move was hailed by industry campaigners.
Rob Driscoll, ECA Director of Legal …
Arora and Bechtel pitch rival Heathrow expansion planBillionaire hotel entrepreneur Surinder Arora has officially entered the race to expand Heathrow Airport unveiling a rival proposal to the operator’s own scheme.
Dubbed Heathrow West, the new terminal and runway plan is being submitted to Government this week after a decade of development and aims to deliver a new Terminal 6 and 2,800m runway…
Major delays hit £4.8bn Levelling Up project programmeThe government’s flagship Levelling Up Fund is facing serious delivery delays, with nearly all projects running behind schedule and costs spiralling due to inflation and underdeveloped bids.
A major evaluation of the £4.8bn programme has lifted the lid on the challenges facing local authorities trying to deliver regeneration, transport and…