Sizewell C nuclear plant gets £170m cash boost from government July 25, 2023 Sizewell C has been given a fresh cash boost by the government, which has poured a further £170m into the proposed nuclear power plant.
HS2 plans sweeping job cuts and major restructuring as it battles soaring costs July 18, 2024 HS2 Ltd, the private company overseeing the delivery of the high-speed railway line, is planning a sweeping round of job cuts and major restructuring as the embattled project's scope narrows following the cancellation of the northern leg.
Morgan Sindall: Construction giant enjoys ‘record’ year, hopes for lower rates to boost industry February 22, 2024 The company reported £4.1bn in revenue for the full year up to 31 December 23, up from £3.6bn in the previous year.
Michelmersh: Profit sags at brick maker but order book hits multi-year high ahead of building boom September 3, 2024 Brick maker Michelmersh reported a decline in operating profit during the first half of 2024 as economic uncertainty and high interest rates hit housebuilding. Michelmersh’s operating profit fell to just £4.1m in the first half of the year, down 32.8 per cent from the first six months of 2023, the group disclosed in its half-year [...]
‘HS2 all over again’: Heathrow expansion plans ‘f***ing off the wall,’ says Ryanair boss January 17, 2024 Heathrow and Gatwick Airport's plans for another runway are "pie in the sky," Ryanair boss Michael O'Leary has said.
Hinkley Point C faces additional four-year multi-billion pound delay January 24, 2024 Completion of the Hinkley Point C nuclear power plant has been delayed by up to four more years at the cost of billions of pounds, according to its manufacturers. France’s state energy company EDF, which operates all of the UK’s five active nuclear power stations, said the project’s launch date has been pushed from June [...]
All the major parties have pledged to build more houses. Can they deliver? June 16, 2024 In 2019, the Conservatives promised to ramp up construction of new homes to 300,000 per year by the middle of the 2020s, but the government has failed to make good on its promise.
Sadiq Khan to claim ‘hard-line’ Brexit has cost the capital 300,000 jobs January 11, 2024 Sadiq Khan is set to warn Brexit has hit London’s jobs market, claiming the capital has lost 300,000 jobs as a result of the departure from the EU
Engineer exodus to Saudi is damaging major UK infrastructure projects, HS2 contractor warns September 19, 2024 Egis Group chief Laurent Germain said the number of engineers leaving was creating "a lot of tension" during the recruitment process.
Travis Perkins appoints non-exec as new boss July 10, 2024 Pete Redfern has been appointed as the new chief executive officer of Travis Perkins, succeeding current CEO Nick Roberts, who is leaving after five years in the role. The UK-based building supplies firm has suffered in the economic downturn and slowdown in construction, with profits falling as much as 70 per cent in 2023. “[Redfern] [...]