Number of new homes built in 2024 plunges by a fifth in blow to government house building targets May 13, 2024 "Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.
UK construction activity recovers despite housebuilding struggles May 7, 2024 Of all the sub-sectors, activity in the commercial sector increased at the fastest pace with a score of 53.9.
Revenue and sales down at SIG ahead of annual meeting May 2, 2024 Construction supplier SIG has pointed to "challenging market conditions" as being the reason behind a further fall in sales and revenue in the year to April 30.
Slowdown in housebuilding hits Brickability’s top line April 26, 2024 The revenue decline reflected "the lower levels of demand in Bricks and associated building products experienced in the first nine months of the year."
Severfield launches buyback as booming steel demand in UK and Europe powers record backlog April 17, 2024 The acquisition of Voortman has helped the firm diversify from its home market in the UK, with 32 per cent of its order book now located in Europe.
London is in a race for space – and developers need to do more than look up April 12, 2024 Tall buildings are great, but with huge demand for quality physical space in the capital, the construction industry needs to be more creative, says Ged Simmonds Despite post-pandemic fears of vacant buildings and stranded assets, recent coverage has revealed that London is now in the midst of a ‘race for space’. News that Deloitte has [...]
Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue April 10, 2024 The group expects to announce its results for the financial year ended 31 March 2024 in mid-June.
Travis Perkins chief who oversaw Wickes demerger to step down after profit slashed March 27, 2024 The chief executive of Travis Perkins is to step down after five years in the role.
No bonuses for top bosses at Travis Perkins after profits slump by £175m March 12, 2024 Executive directors at Travis Perkins will not receive their bonuses after the company's profits were slashed during its latest financial year.
Hill and Smith shareholders set for bumper payday after profits pass £100m March 12, 2024 Shareholders are set for a bumper pay day after international construction and infrastructure firm Hill & Smith significantly increased its dividend following its profits passing the £100m mark.