Kier investors bought just 37.66 per cent of its new shares under the group’s £264m rights issue, leaving lenders to buy the remaining shares at an inflated rate.
Former Arup Group chairman dies aged 94Subscription
Sir Jack Zunz, structural engineer on the Sydney Opera House, has passed away at the age of 94.
Trade body urges caution over Brexit stockpilingSubscription
The trade body for firms in the interior fit-out industry is advising companies considering stockpiling to assess the risks involved.
Developers, contractors and specialists are all stockpiling materials ahead of Britain leaving the European Union, Construction News can reveal.
The Environment Agency is planning to procure longer-term contracts, with its supply chain taking more of a role in managing assets as the industry seeks to offer better solutions for projects.
Next week marks Blue Monday, the name given to the third Monday in January which has come to be known as the ‘most depressing day of the year’.
In its most recent accounts for the year ending 31 March 2017, Laing O’Rourke’s loans from banks and shareholders stood at £208.3m.
Each week, CN commissions opinions from people working across the sector in a variety of disciplines. Here are the five most-read comment pieces of 2018.
This week a year ago, Carillion was speeding up Andrew Davies’ arrival as CEO and selling its stake in JVs while picking ...
This has been some year for the construction industry, but is hasn’t all been bad news.
A look back at the most-read news stories in 2018, from Carillion’s collapse, to the CN100.
The appointment of Tony Meggs as Crossrail chairman is interesting, not least because I understand he had already decided to leave the Infrastructure and Projects Authority before the role became available.
While many specialists are avoiding the problems afflicting tier ones, the high-profile collapse a year ago of the UK’s largest building envelope contractor highlighted the perils tier twos can face.
Anything that helps businesses manage their tax more easily so they can focus on what they do best – innovate, expand and create jobs and profit – is positive.
Trump’s tariffs, Chinese over-production and Brexit: Steel is at the centre of global geopolitics. What does this mean for the price of steel? Binyamin Ali and Lucy Alderson report
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.
Following Carillion’s collapse in January, the Budget marked the beginning of the end for the private finance initiative (PFI) and private finance 2 (PF2).
Credit insurance claims in the construction sector are at an all-time high.
An innovative approach to public sector procurement that started in Scotland is now making waves for two English councils on the south coast – with major implications for public clients.
Carillion’s collapse in January sent shockwaves through the industry and, indeed, the wider economy.
If HMRC attempts to recover someone else’s VAT default from your business, there are several things to do and to remember, Evan Wright explains.
Forrest voluntarily exits £200m frameworkSubscription
Mace breaks £2bn revenue barrierSubscription
Galliford bonuses survive shareholder rebellionSubscription
Sir Robert McAlpine names new chairmanSubscription
Brexit stockpile yards sought for £1bn frameworkSubscription
Budget 2018: Hammond kills off PFISubscription
Kier cuts average net debt by £20m in H2Subscription
Mace boss: Name and shame late-paying clientsSubscription
Serial late payers 'should be fined'Subscription
CLC chief: Tier ones not delaying paymentsSubscription