Reeves’ punitive property tax will hurt London the most August 19, 2025 Labour’s mulled property tax could stall the housing market - and it's Londoners who will suffer most, writes Steven Mulholland.
Balfour Beatty receives profit boost from government contracts August 13, 2025 Infrastructure group Balfour Beatty recorded a jump in profit for the first half of the year after a bumper performance in its UK construction. The London-listed firm posted a £20m rise in pre-tax profit for the first six months of the year to £132m, up from £112m last year. It came as the business’ UK [...]
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 [...]
Costain shares jump after Peel Hunt, Panmure raise target price June 16, 2025 Shares in Costain jumped as much as 10 per cent in early London trade after raised price targets from analysts at both Peel Hunt and Panmure Liberum. The London-listed construction company’s target price was upgraded to 150p from 135p by Peel Hunt and to 170p from 150p by Panmure Liberum. The firm unveiled a £10m [...]
Travis Perkins: New CEO named after torrid year and FTSE 250 shares slump May 9, 2025 The man chosen to lead an almighty rebuilding project at construction supplies giant Travis Perkins has been named. Gavin Slark has been picked as the Northamptonshire-headquartered company’s new chief executive and is set to take up his role no later than 1 January, 2026. Slark has held the same position at SIG since 2023 and [...]
Construction firm insolvencies jump to fresh high amid rising costs May 5, 2025 Construction business insolvencies have increased to their highest-ever level, a City AM analysis has found, as a barrage of rising costs continues to squeeze many in the sector to the point of collapse. As many as 840 construction firms appointed liquidators or administrators in the first four months of the year, the analysis of corporate [...]
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 [...]
Travis Perkins: Profit plunges as construction industry recovery remains sluggish April 1, 2025 Travis Perkins has reported a 99 per cent plunge in operating profit in 2024, after a torrid year for the Nottinghamshire-headquartered firm. The FTSE 250 building group reported an operating profit of £2m, down from £161m in 2023, after a 4.7 per cent revenue decline. Shares in the group fell 10.4 per cent in early [...]
Balfour Beatty: Investors cash in as orders swell March 12, 2025 Balfour Beatty has hiked its dividend after the construction giant reported a bumper year. On Wednesday, the London-listed firm recommended a final dividend per share of 12.5p, up nine per cent from last year’s 11.5p. Basic earnings per share also rose from 34.2p to 43.6p. Balfour Beatty is also in the process of a multi-year [...]
Breedon Group acquires US firm Lionmark for £187m March 5, 2025 Construction materials firm Breedon Group has acquired US-based Lionmark for £187m as it continues to expand its presence across the Atlantic. Chief executive Rob Wood said he expected the takeover to more than double Breedon Group’s US revenue and be “immediately earnings enhancing” for shareholders. It is expected to be completed by 7 March. Missouri-headquartered [...]