Laing O’Rourke financial director Stewart McIntyre has told Construction News contract prices have been forced too far down and that risk allocation between contractor and client is “skewed the wrong way”.
Laing O’Rourke’s group finance director Stewart McIntyre has said the company’s next results will see a return to profit as losses on its Canadian hospital JV are reduced.
Laing O’Rourke has landed a deal worth nearly AUS$1bn to transform Australia’s busiest commuter station in Sydney.
Mace clinched its first monthly league crown since September 2016 after finally signing the deal to deliver the £400m ‘Gotham City’ scheme in central London.
Laing O’Rourke suffered a £66.9m pre-tax loss in its 2017 financial year but underlying profit and cashflow were both positive as its turnaround strategy continues.
Laing O'Rourke features and analysis
The contractor top 50 increased more than 20 per cent year on year in February as Mace signed a single £400m deal to claim first place in the monthly league.
The largest healthcare construction job in North America was supposed to herald a new era for Laing O’Rourke. So how did it end up inflicting losses running to tens of millions of pounds?
Laing O’Rourke’s much-anticipated, long overdue results for the year to 31 March 2017 finally dropped this morning. We can now at last reset the Laing O’Rourke results countdown clock at Construction News towers.
As Laing O’Rourke reveals its latest financial results, CN looks back over the key appointments, departures, projects and bids from the past 12 months.
Another week, another bad news story for a tier one contractor.
The alliance between Stanhope, Network Homes and Laing O’Rourke is another step in the right direction for a ‘new way’ for construction.
Kier topped the contractor table for the second time in three months as the festive slowdown dragged overall wins to their second lowest total of 2017.
The contract-win top 50 stabilised in November as industrial specialist Winvic took its first league victory on record.
Nuclear power, proton beams and even Chinese modular hotels have featured in the biggest site reports this year.
CN’s most-read comment pieces covered some of the year’s biggest talking points, including Grenfell, mental health and diversity.
Leaders from Laing O’Rourke, HS2 and Network Rail have been among CN’s most popular interviewees in 2017.
Our 10 most-read news stories of the year included contract wins, corruption scandals, administrations and one sad, untimely death.
Stadiums, towers and listed refurbs – the 10 schemes worth keeping a close eye on as 2018 unfolds.
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.
When Hinkley Point C got the government green-light last year, business secretary Greg Clark heralded it as the “inauguration of a new era of UK nuclear power”.
Laing O'Rourke lands £130m deals for Dubai ExpoSubscription
Shed specialist tops November contractor leagueSubscription
Laing O'Rourke wins £700m Brent Cross expansionSubscription
Lovell names ex-Laing O'Rourke man as MDSubscription