A look at the numbers behind rocketing tenders for fire safety work post-Grenfell and eye-catching financial news for Severfield and Berkeley.
221 – Fire safety tenders post-Grenfell
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The figures, compiled by public sector procurement analyst Tussell, represented a 56 per cent year-on-year increase. Local government has led demand for fire safety work, with the number of tenders increasing from 49 in the year before the Grenfell fire to 98 in the year since.
8.1% – Severfield pre-tax margin
Severfield’s pre-tax margin hit 8.1 per cent for the year to 31 March 2018 as the firm delivered several high-profile jobs in London. This marked a strong recovery over the past five years, with Severfield having posted a negative margin of -1.8 per cent back in 2013/14. The structural steel firm saw pre-tax profit rise to £22.2m in its latest accounts, up from £18.2m in the previous 12 months.
£500m – Annual Network Rail trackworks
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Covering both the CP6 and CP7 spending programmes from 2019 to 2029, Network Rail plans to appoint three consortiums that will combine contractors with designers. Projects under the framework will focus on renewal, removal and refurbishment work on tracks.
£935m – Berkeley pre-tax profit
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The housebuilder’s pre-tax profit for the year to 30 April 2018 was up 15.1 per cent from £812.4m the previous year. Berkeley chairman Tony Pidgley said his firm was “cautious” about investment in London as it looks at opportunities in Birmingham and elsewhere.
227 – Homes Galliford has taken on
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Galliford’s regeneration arm confirmed its acquisition of the regeneration projects in Wolverhampton, worth £31m combined, and pledged to deliver them in line with their scheduled 2020 completion date.