Former Carillion finance directors fined £371,700Two former finance directors at collapsed contractor Carillion have been fined a total of £371,700 for their part in misleading statements in the run-up to the company’s demise.
The watchdog Financial Conduct Authority (FCA) said Richard Adam and Zafar Khan were both aware of serious financial troubles in Carillion’s UK construction business…
Construction buyers see better times aheadConstruction buyers are hoping for a better year ahead as business activity expectations rebounded to a five-month high.
It was a ray of light in an otherwise gloomy set of statistics in the latest bellwether S&P Global UK Construction Purchasing Managers’ Index which registered 40.1 in December, up from 39.4 in November but below the neutral 50.0 valu…
McAlpine tipped for £150m West End office revampDevelopers Edge and Mitsubishi Estate have secured the funding package to push ahead with a £150m office overhaul of 125 Shaftesbury Avenue in West London.
Sir Robert McAlpine is understood to be in line to deliver the big revamp job, which is being taken forward on a speculative basis.
The funding deal clears the way for construction to start…
Multiplex signs £250m London Wall construction contractMultiplex has been officially awarded the main £250m construction contract for the redevelopment of 75 London Wall in the City of London.
The deal was signed with Malaysian property group Gamuda Berhad and London-based real estate investor, Castleforge on Tuesday morning.
Main construction will now start on the £1.2bn project following…
Kier overhauls top team as infrastructure arm launchedKier Group has recast its senior leadership team and launched a new Infrastructure division to sharpen its growth strategy
The contractor has fused its Transportation and Natural Resources Nuclear & Networks businesses into a single Kier Infrastructure arm, creating a consolidated powerhouse spanning roads, rail, aviation, water, energy and…
Premier Forest rescues National Timber Systems from administrationHouse building industry timber supplier Premier Forest Products has bought engineered timber rival National Timber Systems in a deal that secures the future of the business after the collapse of its former parent.
Newport-based Premier Forest bought NTS from administrators following the collapse of National Timber Group England in…
Reds10 eyes hospital builds as it targets £500m turnoverModular specialist Reds10 is eyeing the NHS hospital new build programme as a major growth engine as it pushes towards a £500m turnover target.
The firm has designed a prototype modular in-patient hospital bedroom that it hopes will drive the industrialisation of Hospital 2.0 under the government’s New Hospital Programme.
If signed off…
Watch Skanska giant rail bridge demolitionVideo footage has been released of Skanska’s successful demolition this weekend of a major West Coast Main Line railway bridge near Penrith in Cumbria.
The demolition is part of a £60m renewal scheme which will see a 130-metre-long bridge being removed and a new one installed over the first two weekends of 2026.
Network Rail and its principa…
Mace chairman honoured with CBEMace chairman Mark Reynolds has been made CBE in the King’s New Year’s Honours.
Reynolds, who has also been co-chair of the Construction Leadership Council since 2022, was honoured for services to business and the construction industry.
He stepped down last year as Mace Group’s chief executive, a role he had held since 2013, maintaining the role of executiv…
HS2 head office managers sent out to sitesHS2 has cut 300 corporate roles as it aims to become “less bureaucratic”.
Half of those people have now been sent out to civil engineering sites as the organisation becomes more “outcome-focused”
A project update confirmed the moves as part of an ongoing fundamental reset of the scheme by Chief Executive Mark Wild who has now been in the job…