Barratt Redrow starts hunt for supply chain savingsNewly-formed house building giant Barratt Redrow is looking for big savings as it seeks to consolidate its enlarged supply chain.
Following formal clearance of the Barratt takeover of Redrow at the start of this month, chief executive David Thomas confirmed plans to find £90m in cost savings.
A review of procurement and consolidation of t…
Mace datacentre chief is latest construction departureMace datacentre chief Jon McElroy is the latest big name confirmed to have left the construction division of the business.
Mace CEO for Construction Andrew Jackson left the company for personal reasons earlier this month after just three months in the role.
Other directors to have left in the last 12 months include public sector MD Terry…
Kent launches £2bn tender race for highways dealKent County Council is inviting bids for a new highways term maintenance contract worth up to £2bn over a possible 21 years.
Current contractor Amey Highways has been fixing roads across the county since 2011.
The deal was originally for ten years but was first extended during the covid-19 crisis then again this August due to “market…
Morgan Sindall upgrades profit expectations for yearMorgan Sindall this morning said end-of-year profits would be significantly ahead of expectations after another stellar performance from the fit-out business Overbury.
In the trading update chief executive John Morgan said fit-out division profits had strengthened significantly due to exceptional volumes and were now expected materially to…
TopHat confirms winding down of volumetric operationVolumetric offsite house builder TopHat is winding down its factory operation.
The Goldman Sachs-backed firm blamed dwindling orders for the decision to open consultations with the workforce at its factory near Derby.
TopHat said the planned wind-down would see all factory orders completed.
Overall TopHat’s accumulated losses stand at around…
ISG suppliers facing initial £180m hitAdministrators sifting through the rubble of the ISG collapse have already identified £180m in unpaid bills for the failed contractor’s supply chain.
Updates posted at Companies House cover all of the group’s defunct businesses apart from the fit-out division.
An initial statement of affairs for the main construction division, signed-off by CEO Zo…
HS2 contracts face rewrite as costs spiral out of controlThe Government is threatening to rewrite construction contracts on HS2 as ministers step-in to oversee the project amid spiralling costs.
Transport Secretary Louise Haigh said she is “reinstating ministerial oversight of the project to ensure greater accountability.”
She added: “Separately, the incentives of the main HS2 contractors…
Demolition giant John F Hunt Group sold to staffThe John F Hunt Group Ltd has announced the creation of an Employee Ownership Trust (EOT) for its 500 staff.
Charman John Hall said the move was a natural step for the £157m-turnover demolition,construction and regeneration specialist.
He said: “Selling the Group to a third party or breaking it up would never have been straightforward, or an…
University of Warwick advances £700m campus planThe University of Warwick has committed to a £700m investment in its West Midlands campus representing the largest single investment in campus facilities across its entire 60-year history.
Preparations for phase one of the STEM Connect Programme will involve the new science and engineering precinct to reinvigorate the heart of its campus.
A former…
Go-ahead for £750m East London data centrePlans to build a £750m urban hyperscale data centre on a site next to the River Lea and A13 in East London have got the go-ahead from the London Borough of Newham.
The Bidder Street data centre project is being developed by Legal & General, digital infrastructure investor Goldacre, and data centre development partner sineQN.
It is expected to cost…