Skanska lifts margin to 4.3% as profit hits £78mSkanska UK bounced back to full profitability last year bouyed by strong margins at infrastructure and FM businesses.
This improvement more than offset lower returns from its building arm to almost triple pre-tax profit to £78m despite revenue slipping back to £1.27bn (2023: £1.33bn).
Operating profit roared back to £54.1m (2023: £6.3m) as…
Durkan dogged by legacy jobs despite return to trading profitSouth East housing contractor Durkan has clawed its way back to a trading profit but still ended the year deep in the red as legacy fire safety costs continue to bite.
The contractor posted an operating profit of £133,000 before exceptionals in the year to 30 November 2024, marking a turnaround from a £3.8m trading loss the year…
Barking build to rent towers face rebuildA £50m build to rent scheme in east London is facing a major rebuild after construction defects were discovered.
Building work on the blocks at Axe Street in Barking started in 2020 and was due to finish in 2022 but stalled near the completion phase.
Original developer Lindhill employed main contractor Shapoorji Pallonji UK Ltd to build the 170 apartment…
London new home starts plunge 38% as Building Safety Act bitesNew home registrations in London have slumped 38% as the capital becomes the only UK region to record a sharp fall in new housing starts.
The figures from warranty provider NHBC highlight how the new building safety regime is stalling high-rise projects in the capital, with developers facing delays under the new Gateway 2 approva…
Higgins Homes and site workers face manslaughter chargesHiggins Homes PLC and four men have been charged in connection with the death of a woman in Bethnal Green in 2018.
Michaela Boor, 28, was struck by a pallet containing more than two tonnes of bricks that fell from a tower crane on a Higgins Homes building development in St Pauls Way in Bethnal Green.
She died in hospital the following…
Midgard lands £145m deal to build Edition BirminghamMidgard has been confirmed as contractor on the Edition Birmingham residential scheme under a £145m deal.
Construction will start shortly on the scheme for developers Court Collaboration and Select Property to build 581-homes with phase one expected to be completed in 2027.
Edition Birmingham will sit adjacent to Centenary Square in the heart…
McAleer & Rushe set to break £500m turnover barrierDesign and build contractor McAleer & Rushe is on track to break through the £500m turnover barrier this year after posting strong 2024 results driven by a string of major project wins.
The design and build contractor grew turnover by 13% last year to £491m, with a forecast to hit £550m this year as momentum builds across its residential,…
Top design team picked for £2.5bn York Central schemeA heavyweight line-up of architects and designers have been picked to deliver the £2.5bn York Central regeneration scheme.
Joint developers McLaren Property and Arlington Real Estate have selected Allies and Morrison as lead masterplanner for the 45-hectare site, working alongside international landscape firm Grant Associates.
The design…
MoD to bid £100m command HQ enabling worksThe Ministry of Defence is preparing to tender a major enabling works package at its Northwood headquarters site as part of a wider redevelopment project.
The works packages worth around £100m will cover construction of a new multi-storey car park and associated site development works at the Hertfordshire command centre.
An official tender is expected…
Failed shed specialist Marbank owed suppliers £10mPortal-framed building specialist Marbank Construction owed its supply chain £9.8m when it went into administration in March.
Documents filed at Companies House by administrator FRP Advisory reveal the scale of debts at the Surrey based contractor which has built more more than 300 industrial sheds with a combined value of over £1bn since t…