Higgins to turn former care home site into council housesHiggins Partnerships has been appointed by Milton Keynes City Council to turn the former Cripps Lodge sheltered housing site in Buckinghamshire into 66 new council homes.
The development will transform the former care facility into a new residential neighbourhood providing a mix of one-to-five-bedroom homes.
Declan Higgins, Chief Executiv…
Green light for £1.7bn Edgware town centre revampBallymore and Transport for London’s commercial property arm Places for London have secured outline planning permission for the £1.7bn redevelopment of Edgware Town Centre from the London Borough of Barnet.
The approved plans will deliver 3,365 new homes alongside 460,000 sq ft of retail and leisure space plus a new transport interchange.
T…
Bridge faults plunge Severfield into £18m lossSeverfield has slumped to a near £18m pre-tax loss after counting the cost of major welding faults on a string of bridge contracts and other bridge related issues.
The steelwork giant booked £35.6m of non-underlying costs in the year to March, including £23.4m for bridge remedial works.
It said total bridge testing and remediation costs for around…
BAM UK Construction back in the black after Co-op woesBAM’s UK construction arm has bounced back into the black after swinging from a £13.3m loss to a £7m profit in the first half of 2025, marking a major turnaround for the building business.
The UK civils division again proved to be the engine room, generating £41m profit on £800m revenue achieving an EBITDA margin of 5.2%.
The BAM Nutta…
Mace sells consulting business to Goldman SachsMace has sold its consulting business to Goldman Sachs leaving the construction arm as a standalone operation.
Latest group results for the the year to December 31 2024 revealed that the consulting arm was the main profit driver as a problem job blew a hole in the books of the construction division.
The “carve-out” of Mace Consult will s…
Van Elle profits slump as Canadian arm racks up lossesVan Elle saw profits tumble last year after a tough market and losses at its Canadian business dragged down group performance.
The UK’s largest ground engineering specialist posted a pre-tax profit of £4.6m from continuing operations, down from £7.1m last time. Including discontinued operations, total pre-tax profit fell to £3m — nearly…
Funding deal ignites £1.9bn Birmingham Smithfield rebuildA £173m grant has been approved to kick-start construction on Birmingham’s £1.9bn Smithfield city centre revamp.
The Enterprise Zone Partnership Board and Birmingham City Council have signed off the outline business case, unlocking public funding to get the project moving.
The cash will be released in stages as full business cases ar…
Dalkia Engineering rebounds from £14m loss to post profitM&E contractor Dalkia Engineering has bounced back into the black with a £3.2m pre-tax profit in 2024 after plunging to a £14.3m loss the previous year.
Turnover surged 30% to £228m as the business benefitted from public sector energy retrofit work, fuelled by government-backed decarbonisation schemes and group-wide synergies from its…
Thomas Sinden targets £100m turnoverLondon and the South East main contractor Thomas Sinden Limited is targeting 4-5% margins on a £100m turnover after posting another strong set of results.
The Essex based firm saw revenue rise to £65.2m for the year to March 31 2025 from £38m last time as pre-tax profits increased to £2.07m from £839,000.
Cash at year-end also more than doubled to £10.2m…
Kier lands £139m Severn Trent job as water work ramps upKier has bagged a £139m deal to overhaul Severn Trent’s Wanlip Sewage Treatment Works in Leicestershire, marking another major win in the water sector ahead of AMP8.
The upgrade will boost the site’s capacity by nearly a quarter to serve 750,000 people, with tighter environmental standards and better water quality at the heart of t…