Interserve chairman given new Berkeley roleSubscription
Interserve chairman Glyn Barker has been named deputy chairman and senior independent director of Berkeley Group.
Interserve to sell all its plant equipmentSubscription
Interserve will sell all its plant the equipment in a “complete dispersal” in an auction next month with construction auctioneer Ritchie Bros.
Interserve has warned shareholders to expect “significant writedowns” to its balance sheet when it publishes its 2017 accounts on 30 April.
York Council has ended its deal with Interserve for the revamp of the city’s historic Guildhall amid concerns over spiralling costs.
More than 20 firms have landed places on a new £300m framework covering projects across the North-east.
Interserve features and analysis
Construction officially has the worst gender pay gap of any UK industry. Binyamin Ali examines the figures for the 10 biggest contractors and looks at what needs to be done.
Interserve finally got a break last week when it announced it had reached an agreement on new financial terms with its lenders.
Contract wins among the top contractors grew by nearly a quarter in January year on year, led by Kier’s £595.1m haul.
Giants of construction have suffered a torrid start to the year.
Nuclear power, proton beams and even Chinese modular hotels have featured in the biggest site reports this year.
Construction is an industry full of characters – these are the 15 people to keep an eye on in 2018.
There is plenty for our industry to be thinking about next year – Tom Fitzpatrick looks back over a difficult year for some, and picks out the obstacles that lie ahead as construction reaches a critical juncture.
The Construction News Summit brought together tech experts and innovation gurus from across the built environment to target the challenge of industry productivity.
The contractor’s work to deliver a complex radiation-shielding concrete solution has required exceptional precision.
A stand-out total of 30 contracts in just one month gave Kier top spot in the monthly league table for October, as the value of combined wins recovered from September’s crash.
The industry’s precarious nature has been reinforced today as Interserve issued its second profit warning in just over a month.
With a litany of profit warnings and now the threat that one of the UK’s biggest contractors could breach its banking covenants, Interserve’s problems have once again shown how mishandled contracts can bring a business to its knees.
The contractor top 50 came crashing back down to earth in September having hit unprecedented heights during the previous month thanks to HS2 wins.
“When you’re autistic, you come across as being different,” says Interserve’s senior consultant Arran Linton-Smith.
For three of the UK’s biggest construction beasts, the summer of 2017 is one to forget.
Interserve has been working on a project in the South-west that is helping homeless ex-servicemen get back on their feet through building their own houses – enabling them to gain vital construction qualifications in the process.
Kier bags 35 deals to win January leagueSubscription
Tenders open for £12bn government FM frameworkSubscription
Interserve given £180m three-month loan lifelineSubscription
Interserve services MD exits with £395k payoffSubscription
Kier tops league table for first time this yearSubscription
Interserve wins legal row over axed EfW jobSubscription
Interserve's debt to hit £513m driven by EfWSubscription
Interserve brings in transformation directorSubscription
Interserve to axe jobs as cost-cutting beginsSubscription