Credit insurance saves Billington from ISG hitStructural steel giant Billington said a payout from its credit insurer has spared the firm from a major hit from the collapse of ISG.
In a trading statement today it said: “Billington has historically traded with various ISG trading entities, delivering a number of high-profile projects.
“The Group has received an interim payment from its credit…
M&E specialist Dodd doubles profit on retrofit surgeM&E specialist contractor Dodd Group has reported pre-tax profit almost doubled on the back of surging demand for property retrofit work.
The Telford headquartered firm delivered record revenue in the year to March 2024, jumping 20% to £249m. This lifted pre-tax profit from £3.5m to £6.7m.
Better trading saw operating margins improve to 2.2%…
Go-ahead for 800-home Croydon dual towersGreystar has secured planning to build two towers providing over 800 build to rent homes in Croydon, South London.
The long-vacant One Lansdowne Road site will see 50 and 31-storey towers built using volumetric offsite construction.
Modular specialist Tide and Vision has been involved in the design work for the project drawn up by architect HTA…
Construction inflation set to return raising tender pricesCost consultant Turner & Townsend is warning clients to plan for the return of rising construction inflation.
The firm says 2024 will be the bottom of an inflationary trough, with high demand and low supply across building and infrastructure likely to drive tender price inflation back up.
T&T is telling its clients to act now to secur…
Start date for vast Balfour and Costain carbon capture power jobClient NZT Power has reached financial close on the world’s first gas-fired power station with carbon capture and storage.
Construction is now set to start from mid-2025 on Teesside with Balfour Beatty and Costain set to play leading roles.
NZT Power will progress in parallel with the Northern Endurance Partnership (NEP) which also…
Plan unveiled for 31-storey London Fenchurch Street towerInsurance giant Aviva has unveiled plans to redevelop 130 Fenchurch Street in London’s Square Mile with a 31-storey tower.
Development manager CO-RE is working with architect Wilkinson Eyre on the project which goes out to public consultation today, ahead of a application being submitted to the City of London Corporation next year.
T…
Vinci Building buys tower cranes for first timeVINCI Building has bought its own tower cranes for the first time at the Sheffield Forgemasters’ Brightside Lane site.
The contractor usually hires its cranes but has decided to invest in the all-electric technology from WOLFFKRAN of Germany.
The two WOLFF 355 Bs are the first wholly owned by VINCI Building and cost around £2.5m on the £138m…
30 local firms land United Utilities £500m frameworkUnited Utilities has confirmed 30 local construction firms based, or with operations in, the North West as winners of the region’s largest planned investment in water and wastewater infrastructure for more than a century.
The water company has chosen 20 local, civils-based firms and 10 mechanical and electrical specialists to work on its…
Restructure pays off as Higgins returns to profitHiggins Group is back in the black after a restructure.
Latest results for the year to July 31 2024 show a post-tax profit of £320,000 following a £25.9m loss last time as turnover ticked-up to £208m from £171.9m.
Declan Higgins, Chief Executive Officer said: “Despite a difficult market, the Group has demonstrated resilience and continues to…
Former Heathrow boss joins Mace in board rejigMace has brought in the former chief executive of Heathrow Airport as a non-executive director in final appointment to a rejigged group board from the start of next year.
Through his role at Heathrow, John Holland-Kaye has been a client to Mace and is currently serving as a non-executive director at Thames Water.
He brings expertise in leading major…