Kier cuts average net debt by £20m in H2Subscription
Kier’s has cut its average net debt by £20m as the company continues its cost-cutting programme.
Forrest voluntarily exits £200m frameworkSubscription
Forrest Group has withdrawn from client frameworks and is in talks to exit a mixed-use scheme in Manchester ahead of a possible refinancing deal, CN understands.
Jitters over a no-deal Brexit have forced share prices in contractors, housebuilders and materials groups down this morning after political turmoil engulfed Westminster.
Mace breaks £2bn revenue barrierSubscription
Mace has announced that turnover has passed the £2bn mark for the first time.
Fit-out specialist Styles & Wood is to merge its operations with Southerns Ltd to form part of parent company The Extentia Group.
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.
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.
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 FD: 'We’ll be shorted until after Brexit'Subscription
Clancy Group looks to family for new CEOSubscription
Mace boss: Name and shame late-paying clientsSubscription
Serial late payers 'should be fined'Subscription
CLC chief: Tier ones not delaying paymentsSubscription
North-west output growth eclipses UK averageSubscription
Ferrovial Agroman UK hit by £31m loss in 2017Subscription