Business secretary Greg Clark has told the Carillion joint inquiry a crackdown on late payment “needs to be urgent”.
MPs on the Carillion joint inquiry have attacked The Pensions Regulator as the secretary of state prepares to face the committee later today.
Wates chairman tells CN former chief exec “won’t go backwards” in his next job and that the firm was “tantalisingly close” to picking his successor.
Carillion features and analysis
Kier reported a healthy rise in half-year profit and revenue this morning, while pointing to a positive full-year outlook.
A rather interesting painting hangs behind Carillion joint inquiry co-chairs Rachel Reeve and Frank Field.
Grenfell and Carillion have put the construction industry in the spotlight. A panel of industry leaders and experts came together to debate how industry can be more transparent and reverse perceptions
“Profit is not a dirty word, a contractor’s profit should be a reflection of the premium of the risk on the job.”
The Middle East is a notoriously hard market with a bad reputation for late and lack of payment. But with billion-pound mega-projects on offer, can the risks prove worthwhile? Lucy Alderson investigates.
Leo Quinn was notably relaxed in front of analysts today – even smiling at one point – as he unveiled the work he is doing to steer Balfour Beatty’s continued turnaround.
One question those of us following the revelations about Carillion’s collapse have asked is: how did some investors spot the severity of its problems before others?
At the beginning of this decade, digital construction was being embraced by a relatively modest group of enthusiasts.
It’s not every day that a director’s decision to sell the rest of their shares upon retirement is criticised in a statement by MPs.
In 2005, eight ISG managers decided to go it alone as 8build. Having scraped by in the early days before battling through recession, Lucy Alderson finds out how the team built a £130m business.
Q: What do you think is the worse failing in a leader?
CPA senior economist Rebecca Larkin examines the forecast fallout from the contractor’s demise.
The industry is still shaking, and will be for many months to come, following the collapse of the UK’s second-biggest contractor.
“Would you consider working in the Middle East?” I asked 8Build’s director Nigel Bellamy today.
The Carillion horror show came to town yesterday, as the company’s former bosses were grilled by MPs in an intense four-hour inquiry in Westminster.
Carillion’s former leaders have been grilled by a joint select committee of MPs. Here are some of the key revelations from the four-hour hearing.
Balfour Beatty and Galliford Try’s joint venture on the Aberdeen Western Peripheral Route (AWPR) has launched an investigation into claims staff on the problem project were charged up to £100 to receive their wages.
Wates boss: We’re happy to hit £2bn by 2022Subscription
Wates interim chief executive David Allen has told Construction News the firm is happy for its £2bn turnover by 2020 target to be pushed back to 2022.
Carillion directors face watchdog probeSubscription
Carillion’s former finance directors Zafar Khan and Richard Adam are facing an investigation into their conduct from the Financial Reporting Council (FRC).
Carillion: Key background
Carillion has been handed an extra four months to prove to its lenders it will not breach its financial covenants.
Carillion’s largest shareholder has sold off half of its stake in the troubled contractor and services provider.
Carillion has issued a fresh profit warning and confirmed that it expects to breach its financial covenants at the end of next month.
Carillion has agreed to sell its UK healthcare arm to services giant Serco for £50.1m as part of the contractor’s debt reduction and restructuring plan.
Carillion interim chief executive Keith Cochrane has revealed his firm has cut £10bn from its potential project pipeline as part of a new approach to winning work.
Carillion has reported a £1.15bn half-year loss and revealed it is setting aside an extra £200m provision for problem support services contract.
Carillion has made amendments to rules that previously allowed investors to claw back bonuses awarded to the contractor’s top executives, it has emerged.
Troubled Carillion has revealed a major shake-up of its executive team, including the departure of its finance chief Zafar Khan with immediate effect.
Former Carillion chief executive Richard Howson has moved back into his previous role of chief operating officer at the troubled company, but will still leave the firm within a year.
Transport secretary Chris Grayling has defended the choice of troubled contractor Carillion as one of the firms to build phase one of HS2.
Carillion has brought in accountancy giant EY to look at cost reduction and cash collection as part of a strategic review of the troubled business.
Carillion chief executive Richard Howson has stepped down with immediate effect as the firm has said it will be “undertaking a comprehensive review of the business” following a profit warning.
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