Morgan Sindall upgrades forecast for next 12 monthsMorgan Sindall has upgraded its profit forecast for the year ahead just a month after posting strong results for last year.
In an unscheduled trading update, the firm said its Overbury fit-out firm enjoyed a flying start to the new financial year and was on track to yet again drive growth in profits ahead of expectations.
The firm is benefitting…
Restructure underway at Henry Boot ConstructionHenry Boot Construction (HBC) is restructuring after a year of struggling to fill its order book as a new management team takes charge
Henry Boot bosses said performance at its construction division including Banner Plant (BP) was “below our expectations” in its latest results for the year to December 31 2024.
Construction posted turnover of…
Government pledges £2bn stop-gap funding for 18,000 homesThe government today pledged to inject £2bn in top-up grant funding to build up to 18,000 social and affordable homes in England.
The funding will only be released for development on sites that will deliver in this Parliament, getting spades in the ground quickly to build homes in places such as Manchester and Liverpool.
This means…
Just two major new roads schemes to start this yearNational Highways has revealed it will start just two major highways enhancement schemes in the forthcoming financial year.
The road agency has set out a special interim spending plan for 25/26 after the government delayed the third Road Investment Strategy for a full spending review.
National Highways said RIS3 would now be more focussed on…
Plans go in for £400m GRAHAM Manchester siteDetailed plans have now been submitted for the University of Manchester’s £400m redevelopment scheme for its Fallowfield Campus.
The redevelopment includes construction of 3,300 modern, high-quality student bedspaces, along with dedicated amenity space, ancillary residential dwellings and greenspaces.
Five distinct neighbourhoods that celebrat…
Building safety levy rate set at up to £10,000 a home in LondonDevelopers will be forced to pay a building safety levy charge of up to £10,000 a unit for homes they build in upmarket London boroughs like Chelsea.
The Government has announced the varying new building safety levy rates it intends to charge as a tax on new homes and student accommodation projects across the country.
In a sma…
BAM wins £100m revamp of Broadgate Tower in LondonDeveloper British Land has picked BAM to deliver a major revamp the 34-storey Broadgate Tower in the city of London.
The project win is a major coup for BAM in the Square Mile, which beat rival bids from Wates and McLaren to take major revamp of the 2008-built tower building.
British Land aims to bring the building up to the highest…
£600m funding to train 60,000 construction workersThe Chancellor has announced £600m worth of investment to train up to 60,000 more skilled construction workers.
The pledge will provide £100m of new investment to fund 10 new Technical Excellence Colleges and £165m of new funding to help colleges deliver more construction courses.
Skills Bootcamps will also be expanded with £100m of funding…
Construction to start in May on £1bn port expansionConstruction work to expand the London Gateway container port will begin in May after owner DP World was given approval for the £1bn project.
The global logistics giant said it will take four years to complete the expansion including adding two further 400m-long all-electric berths and a second rail terminal forming part of the Thames…
Green light for London Euston Tower rebuildBritish Land has secured planning approval for a £600m scheme to redevelop the landmark Euston Tower in London.
The developer aims to retain and re-use the existing 1960s building core and foundations at its Regent’s Place site, while adding new low carbon structures to create a new-look 31-storey building with bigger floor-plates.
Lendlease was…