Profits double at Octavius as road and rail work growsInfrastructure contractor Octavius has seen profits nearly double as rail and highways work continued to grow.
Results for the year to March 31 2025 show pre-tax profits jumped to £8.6m from £4.7m last time on turnover up to £323m from £277m.
In the last three years Octavius has grown by nearly 70% and the company is now working to new…
Quarterly construction output growth masks orders slideUK construction output grew by 1.2% in the second quarter, driven by gains in both new work and repair and maintenance.
But latest orders figures also out today suggest there could be a slowing down in construction activity ahead as the industry braces itself for a tough Autumn Budget.
Latest output figures from the ONS showed a return to…
Staged procurement to make comeback as pricing risk bitesConsultants are predicting a marked return to package-based procurement models as developers seek to push forward with big-ticket commercial schemes without locking into risky lump sum deals.
McBains’ Summer 2025 Construction Market Report said that confidence was returning to the sector but warned clients remain cautious about pricing…
Vinci UK swings back into profit after group restructureVinci’s combined UK construction operations bounced back into the black with a £64m pre-tax profit last year from a £6.4m loss in the previous year.
A strong performances from its highways, materials and civil engineering businesses drove the recovery at the group which has been corporately restructured combining Eurovia and mainstream…
Severfield brings in new CEO from Laing O’Rourke ranksBritain’s biggest steelwork contractor Severfield has poached senior Laing O’Rourke figure Paul McNerney to take the helm as chief executive this autumn.
McNerney, currently director for clients and government at Laing O’Rourke, brings over 25 years’ leadership experience in UK and international construction and manufacturing.
He has…
Balfour hits 3% construction margin targetBalfour Beatty has hit its 3% margin target for UK construction.
The target was originally set by chief executive boss Leo Quinn eight years ago.
Latest results for the contracting giant show the UK business boosting profits as the American operations racked-up a loss due to a problem civils contract in Texas.
Results for the six months to June 27 2025…
Network Rail launches £240m OLE steelworks framework raceNetwork Rail has kicked off bidding for a £240m framework to supply steel products and structures for overhead line equipment (OLE) across the UK rail network.
The deal will cover steel piles, structures, small parts and fixings for electrification schemes, with the framework running for six years and the option of a two-year…
Briefing starts for £8bn highways maintenance shake-upNational Highways has started early market engagement on its £8bn second-generation Maintenance and Response (M&R2) contracts to cover the entire 4,500-mile Strategic Road Network.
The new deals will replace existing M&R arrangements which start expiring from July 2028. These were procures and 10 separate maintenance and response contracts…
Plant hirer Lynch launches labour supply divisionLynch has launched a new labour supply division providing operatives to Tier 1 and Tier 2 infrastructure contractors across the UK.
Lynch Labour will add to the company’s established plant hire offering as the industry continues to struggle to attract skilled workers.
The company said: “We are already embedded in major infrastructure schemes,…
Kori lands latest £17m care home contractKori Construction has landed its latest care home contract with a £17m job in Richmond upon Thames.
Work will start on site next month in Station Road, Hampton where Cinnamon Care Collection is transforming the site into a 75-bed home.
Kori will be demolishing an existing warehouse on the site before building a new care home behind the retained facade of…