CN delves into the big developments of the past few days, including a departure at Galliford Try Infrastructure and new HS2 contracts.
32 – and out for Tom de la Motte
Construction News revealed this week that Mr de la Motte would be leaving the company to be replaced by current rail, aviation and environment managing director Nick Salt. Mr de la Motte joined Galliford Try following its acquisition of Miller Homes’ construction arm in 2014, and was promoted to MD of its infrastructure division in December that year.
-9.9% – Below pre-recession peak
2,327,000 is the number of people employed in the construction industry, according to the latest estimate from the ONS. This is 10.7 per cent higher than the recessionary low point of 2.10m reached in Q1 2013, but 9.9 per cent below the pre-recession high of 2.58m recorded in Q3 2008.
£153,907 – Last pre-tax loss at Selwyn
The company also had a turnover of £10.8m for the year to 31 October 2016. The firm has been bought out of administration by new ownership, according to administrators at FRP Advisory.
50 – HSS store closures
In a trading update this week, the company posted a pre-tax loss of £30.1m for the six months to 1 July 2017. It also revealed exceptional costs of £13.2m, with the group announcing a £11.2m hit from branch closures over the period.
8.1% – Birmingham price hike
Annual increase in house prices in Birmingham, making it the fastest-growing city in the UK for house prices. According to Hometrack’s UK Cities House Price Index, Manchester and Nottingham are the second and third-fastest growing. House prices also crept up in London, albeit by just 2.8 per cent, while only two cities – Oxford and Aberdeen – saw prices fall over the period.
£3bn – HS2 contracts launched
The contracts cover a £1.65bn deal to redevelop Euston station and the £1.3bn contract to build a new HS2 station at Old Oak Common in west London. Bidding for the Euston contract will be restricted to companies with a turnover of at least £460m, while bidding for the Old Oak Common deal will be confined to those turning over a minimum of £770m.