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Companies

Industry moves

Stanhope hires new managing director_Stuart Grant

Stanhope hires new managing directorSubscription

Developer Stanhope has appointed Stuart Grant as its new managing director.

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Administrations

Mayor wants Skanska to finish Carillion hospital

Mayor wants Skanska to finish Carillion hospitalSubscription

West Midland metro mayor Andy Street has urged the government to support Skanska’s appointment on Carillion’s stalled Midland Metropolitan Hospital.

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M&A

Hammerson pulls out of £3.4bn Intu takeover_Brent Cross Shopping Centre

Hammerson pulls out of £3.4bn Intu takeoverSubscription

Hammerson has advised its shareholders to vote against the £3.4bn takeover of rival Intu.

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Financial

Precast concrete generic

RICS: Snowstorms had no impact on Q1 workloadsSubscription

Construction workloads held up in the first three months of the year but financial constraints continue to limit expansion, according to the Royal Institution of Chartered Surveyors.

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Supply chain

Carillion: ‘Fantasy business model’ slammed after £6.9bn liabilities revealed

Carillion: ‘Fantasy business model’ slammed after £6.9bn liabilities revealedSubscription

Industry leaders have called for a “rapid step-change” in construction practices after it was revealed that Carillion’s total liabilities could be more than £7bn.

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