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Construction

Construction grew 1.8% last year despite sharp Q4 fall

Construction grew 1.8% last year despite sharp Q4 fallConstruction firms ended 2025 in growth territory despite a slow end to the year that saw output fall sharply in the final months.
Latest data from the Office for National Statistics shows total construction output rose 1.8% in 2025 compared with 2024 — the fifth consecutive year of annual expansion.
But momentum faded sharply in the fina…

Chinese mega-embassy plan in London approved

Chinese mega-embassy plan in London approvedThe Government has controversially waved through plans for China to build a mega embassy at the former Royal Mint site in London.
This morning housing secretary Steve Reed signed off the scheme for the 20,000 sq metre complex at Royal Mint Court, just east of the City of London and opposite the Tower of London.
The decision comes despite opposition from…

Plans in for Derby Market Place regeneration

Plans in for Derby Market Place regenerationPlans to reshape Derby’s city centre Market Place have taken a big step forward with the submission of a full planning application covering the former Assembly Rooms site.
The plans are being brought forward by VINCI UK Developments and ION Developments, appointed as preferred developer partners by Derby City Council, following two rounds of public…

Kier returns to monthly net cash for first time in over a decade

Kier returns to monthly net cash for first time in over a decadeKier has hit a major balance sheet milestone after swinging into an average month-end net cash position for the first time in over a decade, underlining the scale of its operational turnaround.
The contractor said it achieved average month-end net cash of around £15m over the first six months to 31 December 2025 – a sharp reversa…

Strabag UK snaps up failed HV transmission contractor

Strabag UK snaps up failed HV transmission contractorStrabag UK has made its first decisive move into into the energy market, snapping up the assets of failed high-voltage transmission specialist GTDS in a deal that protects jobs and adds specialist grid capability.
The pre-pack deal has saved 32 jobs at high-voltage installation business Gunning Transmission & Distribution Services.
T…

Mace name to disappear from UK contracting

Mace name to disappear from UK contractingThe Mace name is set to disappear from UK contracting as part of a major break-up of the group’s long-standing brand structure.
Mace Group has confirmed its construction arm – currently trading as Mace Construct – will be renamed later this year, drawing a clear line between its UK contracting business and its consultancy operation.
The move follows…

Legal expert rises to head Balfour Beatty regional civils

Legal expert rises to head Balfour Beatty regional civilsBalfour Beatty has promoted Kay Slade to managing director of its UK regional civils business as the contractor resets its leadership bench.
Slade will step into the role in February 2026, taking over from Mark Arrandale, who has been acting up since October and now returns to his finance director post.
A qualified solicitor specialising in…

Tilbury Douglas regional chief joins Caddick to head civils arm

Tilbury Douglas regional chief joins Caddick to head civils armCaddick Construction has lured Tilbury Douglas Construction regional director Paul Ellenor to take up the role as managing director of its civil engineering arm.
Ellenor brings almost four decades of industry experience, having spent the bulk of his career with Interserve and Tilbury Douglas, where he most recently held the role of…

Six scoop £2bn Southern Housing upkeep deal

Six scoop £2bn Southern Housing upkeep dealSocial housing landlord Southern Housing has lined up a near £2bn programme of kitchens, bathrooms, windows and roofing work after naming winners across 10 regional lots.
The long-term capital investment deals run for 10 years from 14 April 2026, with options to extend out to 13 April 2046, with extensions linked to performance and market…

Hercules delays annual results announcement

Hercules delays annual results announcementListed construction labour supplier has delayed its latest annual accounts announcement for the year ending 30 September 2025.
The numbers were due out last week but in a statement today Hercules said: “The audit of the Company’s FY25 Accounts is well advanced, however, additional audit work required due to the Company’s extensive acquisition…

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