Forterra trying to pass on NI cost increasesBrick and concrete block giant Forterra is planning its latest cost increases including passing on Employers’ National Insurance increases announced in the recent Budget.
The firm has written to customers outlining its plans and will now gauge if the market will wear the increases.
In its latest trading statement Forterra said: “We anticipate modest…
ISG collapse brings down glazing contractorAdministrators called-in at Vitrine Systems Limited have blamed the collapse of ISG for the demise of the architectural and structural glazing specialist.
Experts from business advisory firm Quantuma said Surrey-based Vitrine Systems “entered administration as part of the fallout from the ISG administration.”
They added: “This resulted in a larg…
Cost of HS2 bat shed hits £100mThe cost of building a bat protection tunnel structure on a stretch of the HS2 route in Buckinghamshire has risen to £100m.
The initial package for the arched structure spanning four tracks – two HS2 lines as well as two East West Rail lines – was originally budgeted at £40m when procurement started three years ago.
But HS2 chairman Sir John Thompson…
JRL close to deal on sale of stake to Far Eastern buyerDiversified construction group JRL is close to striking a deal to sell a stake in the £826m turnover business.
Talks with a Far Eastern property and construction group are described as being ‘very advanced’.
The deal will strengthen JRL’s balance sheet and boost liquidity while opening the opportunity to take forward schemes for t…
Groundworks firm Corbyn files administration noticeLondon based groundworks and concrete frame specialist Corbyn Construction has filed a notice of intention to appoint an administrator.
Corbyn has been in business since 1989 undertaking projects up to £30m across the capital.
Latest accounts for the company for the year to June 30 2023 show a turnover of £32.8m generating a pre-tax profit of…
Vistry takes another £50m hit on build cost blundersVistry has issued another £50m profit warning after discovering more under-estimated build costs at its southern division.
The house builder issued a £115m profit warning last month after problems first came to light on nine schemes in the region.
Vistry launched a review across the whole business and issued another Stock Exchange statement…
Watkin Jones go-ahead for Leeds co-living projectWatkin Jones has got the go-ahead from that Leeds City Council to convert and re-purpose an old office building into 230 co-living homes.
Built in the 1950s, Headrow House was most recently a HQ for Direct Line in the centre of Leeds.
When completed in 2028, the 190,000 sq ft project will deliver a supported communal living environment, offering…
United Utilities hunts for ground investigation specialistsUnited Utilities has opened bidding for a £170m framework to deliver a programme of ground investigation work.
Selected firms will support a programme of works for the AMP8 and AMP9 regulatory periods.
The framework covering the north west region is being split into several specialist lots with the typical ground investigation call-off…
WSP names new chief for UK and IrelandConsultant WSP has promoted Paul Reilly to become president and managing director for the UK and Ireland business in January.
Reilley joined WSP as deputy CEO – UK & Ireland, two and half years ago from Stanec UK where he was managing director for infrastructure and buildings.
Before that he spent 14 years of his career at Peter Brett Associates.
In his…
£125m cash injection for infrastructure at Barking RiversideHomes England has approved a £124m funding package to unlock more homes to deliver vital infrastructure at Barking Riverside in east London.
The vast 443-acre brownfield site formerly occupied by Barking Power Station, is one of the country’s most ambitious placemaking projects with the aim to build 20,000 homes.
The vita…