HS2: London to Birmingham route without Manchester link will be ‘very poor value for money’, MPs warn February 7, 2024 Completing the High Speed Two line between London and Birmingham without the extension to Manchester will be "vert poor value for money," MPS have warned.
Sadiq Khan sparks backlash after £123m Silvertown and Blackwall tunnel charges revealed January 3, 2024 Sadiq Khan is facing backlash revealed by City Hall that proposed tolls on the Blackwall and Silvertown tunnels could generate £123m.
HS2 Euston: Private funding proposals have fallen into a ‘black hole,’ warns boss of key contractor December 19, 2023 The government is ignoring proposals on how to privately fund the HS2 project's Euston section, the boss of a key contractor has warned.
Berkeley: On track but government housing plans require a ‘change of attitude’ September 6, 2024 Housebuilder Berkeley is on track to deliver £525m of pre-tax profit for the full year, according to an update from the firm this morning. The business, which is based in Cobham, England, said 90 per cent of this profit has already been secured through exchanged sales contracts. Berkeley also said it is “fully committed” to [...]
KPMG: Audit giant handed record fine over failures on Carillion collapse October 12, 2023 KPMG has been slapped with a record fine over its botched auditing of Carillion, the construction company which went spectacularly bust in 2018.
Week ahead: JD Wetherspoons, BP, IAG and more train strikes May 6, 2024 The week ahead will also reveal Halifax's house price index, PMI construction figures and an interest rate decision from the Bank of England.
Construction sector shrinks for second month in a row as recession signals brighten September 6, 2022 Construction activity shrank for the second month in a row in a sign the UK economy’s malaise is spreading to every sector, a closely watched survey published today showed. S&P Global and the Chartered Institute of Procurement and Supply’s purchasing managers’ index (PMI) edged higher to 49.2 last month, up from 48.9 in July. Despite [...]
Brickability: Construction suppliers’ profit slides by a third on housing market woes July 16, 2024 Chair John Richards said Brickability had continued to "demonstrate resilience and deliver a robust financial performance."
Orsted shares tank after halting two major US wind farms November 1, 2023 Orsted has halted two new offshore wind projects in the US as weighs up its energy portfolio - scaling down its American ambitions.
How might the UK replace China in its new nuclear plants? July 29, 2021 Back in 2015 the UK and China put nuclear power at the centre of what was hailed as a new “golden age” for relations between the two countries. As part of £30bn worth of deals, China’s state-owned nuclear firm China General Nuclear (CGN) agreed to partner with the UK to help it build three new [...]