Forterra share price rises as brickmaker reports strong activity from housebuilding sector in 2016 March 15, 2017 Forterra's share price nosed up this morning after the company said it had experienced "strong activity levels" from housebuilders. Britain's second largest brickmaker posted modest annual growth, which its boss said was "good progress in the delivery of our strategy". The figures Revenue rose by 1.5 per cent to £295m while earnings jumped 4.6 per cent [...]
Three contractors on Crossrail project are to be prosecuted over the death of a worker December 7, 2016 Three contractors on the Crossrail project are to be prosecuted over the death of a worker and injuries to two others, the Health and Safety Executive (HSE) has announced. BAM Nuttall Limited, Ferrovial Agroman and Kier Infrastructure and Overseas Ltd will be prosecuted in relation to three incidents that took place during the construction of the new [...]
Crossrail chairman Sir Terry Morgan takes over from Roy Griffins at London City Airport March 7, 2017 Crossrail's Sir Terry Morgan CBE is joining London City Airport as chairman. Today he takes over from Roy Griffins, who has held the post for over 10 years, as the airport gears up for construction on its £350m development programme, due to be completed by the end of 2021. It will enable the airport to welcome [...]
The steel and oil and gas industries have been classed as “low priority” in Brexit negotiations February 10, 2017 A leaked government document reveals securing the future of the steel and oil and gas sectors will be a low priority during Brexit negotiations. Officials have divided British industries into high, medium or low priority categories according to a document which was obtained by The Times. The government plans to focus most of its efforts on higher ranking [...]
We’re going to build Crossrail 2 and the private sector is going to pay for it April 3, 2017 Passengers crammed on to the Central, District, Circle and Piccadilly Lines are gasping for the opening of the Elizabeth Line, running from west to east, from Heathrow to Canary Wharf and beyond, late next year. But what about Londoners packed on to the north-south Northern, Victoria, Bakerloo and Jubilee Lines who suffer from similar over-crowding [...]
Foundations of the housing white paper are still being laid as Prime Minister Theresa May asks for more meat on the bones January 13, 2017 The long-awaited housing white paper is still weeks from publication as the government looks for ways to beef it up so that it passes muster with the Prime Minister Theresa May. The flagship policy document was originally pencilled in for publication late last year. Several key industry figures had expected the white paper to be published [...]
Building services firm Carillion’s share price is tumbling after it revealed profit fell in 2016 March 1, 2017 Carillion's shares are tumbling after the building support services firm revealed a drop in profit for 2016. The figures Pre-tax profit fell five per cent to £146.7m in the year to the end of December while total revenue grew 14 per cent to £5.21bn. In 2016, £4.8bn was made from new and probable orders. The firm said it has [...]
UK construction industry fears hard Brexit will turn skills gap into a gulf November 30, 2016 Construction could be buffeted big-time if there's a "hard Brexit" and lose more than 200,000 workers. According to a report by design and consultancy firm Arcadis, the industry could suffer from a "skills gulf" once the UK leaves the European Union and the loss of nearly 215,000 workers from house building and infrastructure if there's [...]
Revealed: London’s unexploded bomb hotspots January 20, 2017 A suspected unexploded second world war bomb found in the River Thames caused mayhem in parts of London yesterday as authorities shut off Waterloo and Westminster bridges for several hours. The riverfront was closed until the early hours of this morning, while the bomb itself was dragged to shore near the Victoria Embankment. Finding and [...]
The UK construction sector looked stronger in October November 2, 2016 Output in the UK's construction sector rose in October, thanks to another "solid" increase in the residential building sector. The Markit/CIPS purchasing managers' index for the construction sector rose to 52.6, up from 52.3 in September. Any figure above 50 denotes growth. The rise was driven by activity in the housing market, but the figures suggested [...]