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CN Briefing: EU referendum; political chaos; Willmott Dixon to keep support services arm

It’s been a busy few days.

The EU referendum has and will continue to dominate the news agenda for the foreseeable future.

Many of you have been locked away in board meetings working out the party line and discussing ‘plan B’.

Meanwhile, over at Westminster, political carnage has broken out: Cameron is to step aside as PM, triggering a leadership race; Labour MPs have revolted against Jeremy Corbyn; and Scotland is looking increasingly likely to break away from the UK.

With all this chaos afoot, you’d be forgiven for overlooking some of the other big construction stories out there. But they’re there – and shouldn’t be missed.

Top of the list is Willmott Dixon’s decision to abandon the sale of its support service division.

The contractor’s chief executive Rick Willmott said the bids he had received to date had either undervalued the business or would have resulted in the division being broken up.

It will be interesting to see what happens with the services arm now and how it will fit in with the group’s long-term plans.

Mr Willmott said himself when the arm was put up for sale in February that the business was being “hampered… by being minority players” in the wider group.

Today he was keen to stress that the division, which includes Willmott Dixon Partnerships and Willmott Dixon Energy Services, now had the wider group’s “full support and energy”.

Could this mean further changes ahead now the division is to remain with the business?

In other news…

Sweett Group quietly announced on Friday that it had rejected WSP PB’s takeover offer in favour of a higher £29m bid from rival firm Currie & Brown.

Got longer?

If you haven’t seen our latest demolition special report then make sure you have a read on your way home this evening.

We have “wall-to-wall” action at a Murphy redevelopment, we’ve spoken to a stand-out firm on training, and we look at Keltbray’s challenging demolition of an historic London hospital.

For those of you who can’t get enough Brexit news…

Construction News has been hard at work since the results hit in the early hours of Friday morning, delivering news and analysis on what this will mean for your business.

Here’s 10 things you should be watching out for.

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