FM Conway profit jumps to £33m under VinciFM Conway has delivered a strong maiden set of results under new owner Vinci, posting a 12% jump in pre-tax profit to £33m in the year to March 2025.
The figures include two months of trading under Vinci Construction Holding, which acquired 100% of the business on 31 January 2025. Conway continues to operate as a standalone company within t…
McAlpine breaks ground at £1.25bn Port Talbot green steel jobSir Robert McAlpine officially breaks ground today on the construction of an electric arc furnace at the Port Talbot steelworks in south Wales.
The huge decarbonisation project will preserve 5,000 steelmaking jobs on site and cut emissions by 90% – equivalent to 1.5% of the UK’s total direct CO2 output.
Under the construction…
Rethink over “anti-dumping” tariffs on Chinese diggersA fair trade body is reconsidering a ruling which imposed tariffs on Chinese excavators imported into the UK.
The Trade Remedies Authority (TRA) ruled last year that tariffs of up to 40% should be imposed following a complaint from JCB about the dumping of diggers by Chinese manufacturers.
The TRA is now formally reconsidering its…
Cappagh lands £136m Portsmouth Water dealsUtility contractor Cappagh has won two deals from Portsmouth Water worth £136.5m.
The awards under the AMP8 spending round will see Cappagh deliver a smart meter installation and commissioning programme and infrastructure work for the period 2025 to 2030 with a potential five-year extension.
Both contracts will start next month with Cappagh staff being…
Sparks agree near 4% wage increase from 2026Electricians are set for a near 4% wage rise from 2026 after a new pay deal was hammered out by electrical contractors and union Unite under the JIB collective agreement.
The three-year deal for the industry also includes a 3.95% uptick in rates from 2026, followed by a 4.6% rise in 2027 and 4.85% rise in 2028.
The top rate in London for a technician…
Morgan Sindall to build new Cambridgeshire schoolMorgan Sindall has been appointed by Cambridgeshire County Council to build a new secondary school at the Alconbury Weald development.
The £37m Alconbury Weald Church Academy will will sit alongside Prestley Wood Academy SEND School, which was delivered by Morgan Sindall in 2024.
The first phase is scheduled for completion in Spring 2027 when t…
BSR backlog swells as new build approvals run to 36 weeksThe scale of delays plaguing the Building Safety Regulator’s gateway approval process has been laid bare in the first set of published official figures.
Latest data shows a rising backlog of projects snared up in the lengthy process, with applications flooding in faster than BSR teams can process them.
For the first time, officials hav…
Repair slowdown drags down construction outputMonthly construction output slipped by 0.6% in May as falling repair and maintenance activity dragged the overall figures down.
The dip follows three straight months of growth, including a 0.8% rise in April, but was driven entirely by a 2.1% fall in repair and maintenance work. New build activity held up, rising 0.6% in the month.
Biggest falls cam…
Equans suffers £29m loss as new build exit drags onEquans Regeneration continues to battle heavy losses from its retreat from the new build housing market.
But the firm, bought by French construction giant Bouygues in 2022, said its new core focus on student new build, energy retrofit and housing refurb markets was starting to advance operational profitability.
The contractor racked up another…
Scaffolding trade body NASC facing discrimination claimThe National Access and Scaffolding Confederation is facing a race discrimination and unfair dismissal claim from its former Training Manager.
Henry Annafi has lodged an Employment Tribunal case against his former employer with a preliminary hearing set for next April.
Annafi joined the NASC in March 2019 and spent more than six years at t…