City

Kier stays on track with new contract wins

Kier says its performance so far this year is in line with expectations, with its construction business being boosted by an improved market in both the Caribbean and the Middle East.

Galliford Try expects to outdo expectations

Galliford Try says it has been making such strong progress this year, particularly in house building, that it now expects to report a full-year profit of at least £92m, some £2.3m above market expectations.

Speedy's international problems hit profits

Full-year revenue at Speedy Hire has risen by 2.9% to £349.7m, but a £4.3m loss made by its scandal-hit international business has caused pre-tax profits to fall by 4.6% to £14.6m.

Henry Boot sees improvements all around

Henry Boot says it is seeing strong growth in all its divisions and now easily expects to meet market expectations with its full year results.

Interserve 'winning in the UK and the Middle East'

Interserve says it is trading within current market expectations, as it wins significant new projects in the UK and the Middle East.

Morgan Sindall sees construction order book rise 4%

Morgan Sindall says the committed order book for its construction business was up by 4% at the end of the first quarter to £1.6bn.

Carillion expects return to growth in 2014

Carillion says it expects to return to increasing revenue by the end of this financial year, including in its UK construction business, although in the meantime revenue will continued to be subdued because of ongoing restructuring.

Costain off to strong start in 2014

Costain says it has got off to a strong start in 2014, with its order book now at a record level of £3.2bn, £200m ahead of where it was at the start of January.

Beard sees profits rise by 21%

Regional contractor Beard saw pre-tax profits rise by 21% to £1.7m last year, on revenue that was up 12% to £77.3m.

Galliford Try's northern division set to make £60m in 3 years

Galliford Try Parternship’s northern division looks set to double its turnover from £30m to £60m in the next three years, its managing director is claiming.

Henry Boot sees full-year profits rise by 37%

Henry Boot says a focus on the long term and a recovering development industry has helped it post a 37% increase in pre-tax profits for 2013 to £18.4m, on the back of a 49% rise in revenue to £153.8m.

Budget pays for pothole repairs - with stamp duty hike

George Osborne has promised an extra £200m will be made available for local authorities to bid for pothole repairs.

Speedy shares hit by profits warning

Shares in Speedy Hire have fallen by nearly 17% after the company, which has only just been through a financial scandal, said its profits for this year would be lower than expected.

BB 'not out of the woods yet'

Challenging conditions in UK construction and a downturn in Australia have led Balfour Beatty to report a 29% fall in underlying pre-tax profits to £203m last year.

Interserve sees profits rise as it acquires Initial

Headline profits at Interserve rose by 7.7% last year while revenue grew by 12% to just under £2.2bn, as it claims its policy in construction of focusing on repeat business is paying off.

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Features

2017-05-31 13:33

The rate of Insurance Premium Tax (IPT) will rise by two per cent on June 1 to 12 per cent on all non-exempt transactions. Martin Bennison, managing director at construction finance firm Ultimate Finance, explains what this means for UK construction companies.

2017-05-25 08:41

Building Information Modelling (BIM) is growing in popularity and is now mandatory for centrally funded public-sector projects. Experts and the curious are gathering more and more frequently at dedicated congresses, exhibitions and workshops. Many people are now asking: Where does the UK stand on the issue of BIM and the digitisation of the construction industry?

2017-05-10 10:47

Opening site doors to more females is vital to plugging the construction skills gap, reports Claire Cameron

THE construction industry continues to be plagued by a well-documented skills gap with some suggesting the shortage could get worse before it gets better.

2017-05-08 14:27

If you work on a building site, are self-employed or have a zero-hours contract, you might be surprised to know you work in the ”gig economy”. This is the economy characterised by temporary work and irregular hours, pay and working conditions.

2017-03-29 10:31

Jeremy Gould, VP sales Europe, TomTom Telematics, discusses how technological developments in vehicle telematics have opened up new workflow management possibilities for the construction industry

2017-03-21 09:31

With the demand of oil increasing, it’s estimated that the Earth will reach its full capacity for oil consumption at some point within the next 20 years. This is despite the production of oil decreasing, and the construction industry is no exception to this, reports Niftylift.

2017-03-17 10:55

With construction firms leading the way in drone technology, Claire Cameron takes a closer look at how unmanned aerial vehicles (UAVs) can be used onsite

2017-03-07 16:20

While the physical safety of workers is prioritised on construction sites, mental health is often overlooked, reports Claire Cameron

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