Tilbury Douglas boosts margin to 2.1% as profits doubleTilbury Douglas has improved its operating margin as it doubled pre-tax profit to £12m and closed the year with over £50m cash in the bank.
In 2024, the contractor increased revenue by 7% to £542m but made a bigger leap in profitability, with operating profit jumping from £3.8m to £11.5m, lifting its margin from 0.7% to 2.1%.
That shift…
Delayed £2bn estate rebuild back on as Berkeley signs dealBerkeley Group’s St Joseph arm has finally signed a deal with Birmingham City Council to push ahead with the £2bn wholesale regeneration of the Ladywood Estate.
The huge 20-year project will see the ageing 1960s estate in the city centre transformed with up to 7,500 new homes, green spaces, better transport links and new community…
Three arrested in Blu-3 and Mace bribery probeThe Serious Fraud Office yesterday arrested three people in dawn raids at five properties as part of a major bribery investigation tied to the construction of a Microsoft data centre in the Netherlands.
The SFO said it was targeting infrastructure specialist Blu-3 and former associates of the Mace Group.
Individuals at Blu-3 are suspected of paying…
Scotland’s most complex A9 dualling job heads to marketTransport Scotland has fired the starting gun on procurement for the most technically challenging stretch of the A9 dualling programme to date.
The £205m Pitlochry to Killiecrankie job will be the fifth section to go out to tender as part of the long-running upgrade of the A9 between Perth and Inverness.
Covering 6.4km of mostly sing…
Turkish contractor Limak to build new Luton Town stadiumTurkish contractor Limak International has been chosen to build Luton Town Football Club’s new stadium with construction set to start this summer.
The new 25,000-capacity stadium at Power Court will hold its first competitive game at the start of the 2028/29 season.
Limak International has signed a Pre-Construction Services Agreement wit…
Morgan Sindall lands £20m Brunswick Wharf scheme in BidefordMorgan Sindall Construction has bagged the job to build the Brunswick Wharf regeneration scheme in Bideford, Devon.
The long-awaited £20m-plus development by Red Earth will breathe new life into a derelict part of the town’s historic quayside with more than 100 new flats, a restaurant, six retail units, and a pop-up café.
The schem…
New BAM leisure centre pool springs a leakOpening of the new BAM-built Blairgowrie Leisure Centre has been delayed after the swimming pool sprung a leak.
Perth and Kinross Council is now investigating what has caused the issues at the £36m centre which was due to open earlier this year after construction began in June 2023.
The new scheme will be Scotland’s first leisure centre built to…
Former Keltbray managers jailed after corruption trialThree former Keltbray managers and a demolition boss have been jailed for corruption.
Southwark Crown Court convicted Arben Hysa of Tony Demolition Workers for bribing three Keltbray managers over labour contracts worth £15m.
The bribes totalled more than £600,000 between 2012 and 2018.
The Keltbray managers, Michael McCarthy, Simon Lacey,…
Green light for £150m West End office revampDevelopers Edge and Mitsubishi Estate London have secured the green light for their £150m plan to overhaul the 125 Shaftesbury Avenue building in Central London.
Camden Council’s planning committee unanimously approved the office-led scheme, which will see a 1980s block transformed into 250,000 sq ft of workspace with a new-look entrance on Charing…
Four jailed after Keltbray corruption trialThree former Keltbray managers and a demolition boss have been jailed for corruption.
Southwark Crown Court convicted Arben Hysa of Tony Demolition Workers for bribing three Keltbray managers over labour contracts worth £15m.
The bribes totalled more than £600,000 between 2012 and 2018.
The Keltbray managers, Michael McCarthy, Simon Lacey, and John…