Hinkley bid costs add to SSE's £4.6m lossSubscription
Bidding for work on Hinkley Point C contributed to a £4.6m pre-tax loss for SSE Contracting in its latest accounts.
The government has proposed replacing the OJEU public procurement portal with a homegrown UK-specific notification service in the event of a no-deal Brexit.
CN100: Top-10 margins fall again as debt climbsSubscription
The average pre-tax margin for the 10 largest UK contractors has fallen to -0.9 per cent, exclusive research carried out by CN reveals today, as evidence emerges of firms tightening their belts ahead of Brexit.
Manchester-based McGoff Construction has appointed its first new female director in 45 years.
This week only: Get 20% off your CN Summit place Subscription
This week only you can claim 20 per cent off your ticket to the Construction News Summit, the two-day conference where the biggest UK clients will be setting out their plans for the future.
Kier will release its annual results on Thursday and the big bets are split over which way the numbers will go.
Contractors are tightening their belts by reducing dividend payments and hoarding cash as the UK’s biggest construction players seek to avoid becoming the next Carillion. Here, finance editor David Price explains the financial health of the UK construction industry.
This year’s CN100 shows an industry that is split between those who are specialists in their field and making a proper margin, and those who are struggling with fragile balance sheets and highly leveraged business models.
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.
The supply chain can now see exactly how tier ones perform on payment. Binyamin Ali assesses what this means for contracting and how subcontractors can use the data to their advantage.
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.
It’s not been the most auspicious summer for London’s Premier League clubs looking to expand their stadiums.
‘The Retentions War’ – that was the title of Lucy Alderson’s excellent feature in the last issue of CN. While it was eye-catching, some perspective is required.
When Royal Mail shareholders cast their votes on directors’ pay last week, the results will have sent shivers through boardrooms across the country.
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.
The Carillion story so far…
Sir Robert McAlpine’s chief executive Paul Hamer speaks exclusively to CN on working with the notoriously secretive family firm and drawing up plans for the next 150 years.
Just over 10 months ago, Construction News published the CN100 ranking of the largest UK contractors, and work is well under way on the 2018 instalment.
Six months into the job, Bam Construct CEO James Wimpenny sits down with CN to talk margins, Carillion and the shining example of Huddersfield Town.
It’s not often that Network Rail is singled out for praise.
Interserve’s chief executive Debbie White and chief financial officer Mark Whiteling have perhaps the toughest management jobs in the industry right now.
Morgan Sindall’s half-year profit jumps 29%Subscription
Clugston loss prompts construction restructureSubscription
Top 20 contractors' payment waits revealedSubscription
Workload growth slips back in Q2Subscription
Royal Bam's UK profit up 38% in half-yearSubscription
Persimmon controls costs to boost profit in H1Subscription
Midas sees margin fall to 0.3% as turnover risesSubscription
Workload growth surges to 14-month high in JulySubscription
Trade bodies clash over contractor payment dataSubscription
Bank doubles industry borrowing limitSubscription