Carillion features and analysis
Our top 10 features of the year look at major projects, the collapse of Carillion, the UK’s biggest contractors and some disruptive technologies.
A look back at the most-read news stories in 2018, from Carillion’s collapse, to the CN100.
In a normal year, the start of December is when everything begins to wind down.
Lord Foster’s new observation deck, Birmingham’s Carillion hangover and Kier-Volker’s F-35 deal are among this week’s headlines.
The Lincoln Eastern Bypass has required a staggering £10m of archaeological works as well as overcome the liquidation of its main contractor.
This week marks 10 months since the collapse of Carillion.
In 2015, outstanding loans to construction firms stood at just over £37bn. By August this year, they had fallen to £32.6bn. Why does lending appear to be in decline and where is this trend heading? Lucy Alderson investigates.
It’s amazing to discover that we still haven’t reached the bottom of the Carillion incompetence barrel.
The first half of 2018 was split into two contrasting quarters.
Carillion collapsed a few months after last year’s CN100 was published. In this year’s data, CN turned to new measures to gauge short-term stability and long-term liabilities and set about applying the critera to Carillion’s last set of accounts to find out if it was possible to predict the contractor’s demise
The accusations this month that collapsed subcontractor Vaughan Engineering had been using Carillion’s liquidation as a ‘smokescreen’ to hide its own poor payment record will not surprise many in the industry.
If you didn’t watch Channel 4’s Dispatches on Carillion last night but you read the CN Briefing, you didn’t miss much.
For much of the 70s and 80s, construction firms were among the most vulnerable businesses in the UK. With Carillion and late payment once again exposing the sector’s high-risk nature, Lucy Alderson discovers the realities being faced by subcontractors across the industry.
The government has moved to bring more social value into public procurement. What exactly is proposed and what will it mean for contracts?
This week NG Bailey’s chief executive David Hurcomb told me the decision to “walk away” from bids had been a key reason behind his firm’s profit growth.
Corporate pay packets are being scrutinised like never before. CN analysed the accounts of the biggest listed construction firms to reveal who earns the most among the top bosses.
Kier CEO: Four rivals facing same credit cutsSubscription
Kier chief executive Haydn Mursell has claimed that at least four other major UK contractors will struggle to get credit from banks.
Former Carillion HQ to be converted into flatsSubscription
Carillion’s former HQ in Wolverhampton is to be converted into co-living flats as part of an £8m renovation project.
Construction News named IBP Magazine of the YearSubscription
Construction News has been named International Building Press Magazine of the Year for its investigative work into Carillion’s collapse and campaigns on mental health and gender equality.
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.
Kier FD: 'We’ll be shorted until after Brexit'Subscription
Royal Liverpool Hospital PFI deal terminatedSubscription
Amey acquires Carillion MoD deals Subscription
Amey provision drags down Ferrovial profitSubscription
Kier snaps up ex-Carillion MDSubscription
Carillion inquiry: Government response revealedSubscription
Lenders burned in Carillion Royal Liverpool bailout Subscription
Taxpayers 'face £65m Carillion redundancy bill'Subscription
Carillion site delays dent Alumasc profitSubscription
CN100: Top-10 margins fall again as debt climbsSubscription
This week only: Get 20% off your CN Summit place Subscription
Balfour uses cash boost to pay down debtsSubscription
HS2: Balfour Beatty Vinci hires ex-Carillion MDSubscription
Carillion and bad weather dent Van Elle profitSubscription
Carillion: MPs propose outsourcing overhaulSubscription
Tolent restarts work on £100m Carillion schemeSubscription
Directors face five-year ban on shares saleSubscription
MPs slam government over low pricingSubscription
Two more ex-Carillion leaders join MaceSubscription
Carillion auditor KPMG slammed by watchdogSubscription
Subcontractors write off £2.8bn in bad debtSubscription
HS2 boss and construction minister join CN SummitVideoSubscription
Alumasc’s profit hit by Carillion falloutSubscription
Carillion: 129 staff moved to new suppliersSubscription