Laing O’Rourke: Heathrow Terminal Five builder doubles profit August 4, 2025 Laing O’Rourke, the construction giant behind Heathrow’s Terminal Five, more than doubled its profit during its latest financial year. The business has posted a pre-tax profit of £41.5m for the 12 months to 31 March, 2025, up from the £18.1m it reported for the prior year. The profit comes after Laing O’Rourke lost £288m in [...]
Morgan Sindall: Shares in FTSE 250 firm hit record high amid profit boom June 17, 2025 Shares in Morgan Sindall hit a record high on Tuesday after it said annual profit would come in “significantly ahead” of expectations. The firm’s stock soared more than 17 per cent in early deals to around 4,515p. Morgan Sindall, the construction and regeneration group which employs over 8,000 people, said its outperformance had been driven [...]
Sir Robert McAlpine returns to profit after losing over £100m April 28, 2025 Sir Robert McAlpine, the family-owned construction giant which built London 2012’s Olympic Stadium, has recovered from losing over £100m to return to profit. The Hertfordshire-headquartered business has posted a pre-tax profit of £10.4m for 2024 after having slumped to a loss of £104.6m in 2023. The business has also reported a turnover of £940m for [...]
Construction output drops again despite Rayner’s planning reforms April 4, 2025 Construction activity has suffered a further decline and confidence is low despite minister Angela Rayner’s planning reforms getting a thumbs up from the Office for Budget Responsibility (OBR). Rayner’s Ministry of Housing is introducing broad changes to planning rules as it hopes to deliver the UK’s construction sector an extra boost. Its planning reforms have [...]
Costain doubles dividend as pipeline jumps March 11, 2025 Costain has doubled its full-year dividend after reporting a record increase in forward work. On Tuesday, the London-listed construction firm said it would increase its dividend per share from 1.2p to 2.4p. Earnings per share also rose by nearly a fifth to 14.6p, up from 12.2p the year prior. It came as Costain’s forward work [...]
‘Prohibitive building costs’ stunting UK growth projects – Deloitte February 4, 2025 “Prohibitive costs” involved in construction projects in major UK cities led to a sharp decline in the number of new developments breaking ground in 2024, according to a new report from Deloitte. Deloitte’s latest Regional Crane Surveys, which covers the central areas of Belfast, Birmingham, Leeds and Manchester, has revealed the number of new starts [...]
Balfour Beatty forecasts higher profit as boss hails global reach December 5, 2024 Balfour Beatty said it expects post-tax profit to be ahead of last year's £205m and "slightly" ahead of a consensus figure of £209m.
Balfour Beatty wins £575m contract to rebuild major interstate highway in Texas November 5, 2024 Balfour Beatty has won a contract valued at more than half a billion to rebuild part of Interstate 35, the major Interstate Highway running through central US, in Texas The deal, valued at £575m and awarded by the Texas Department of Transportation, will see a four-kilometre section of the route on the south side of [...]
Kier Group boss ‘confident’ of more dividends as order book nears £11bn September 12, 2024 Kier Group shares have performed exceptionally over the last year, rising over 40 per cent amid strong orders.
Fears over cladding costs behind Bellway’s decision to drop Crest bid September 8, 2024 London-listed housebuilder Bellway has cited fears of Crest Nicholson's bulging bill to fix hazardous cladding as its reasoning for pulling out of its £720m takeover deal.