Galliford Try ‘well-positioned’ to benefit from government spending Property Galliford Try has stated that it “welcomes” the government’s ambitions for affordable housing and infrastructure and expects to report a profit ahead of expectations this year. The construction giant, which has 4,300 employees across the UK, operates across the public and regulated sectors – including water, transport and building projects. The company told markets it [...]
London Lions tap pyramids experts for new basketball arena plans Sport Business The London Lions have appointed consultancies whose clients include the pyramids of Giza, the Eden Project and Formula 1 to help draw up plans for their new basketball arena. The Super League Basketball club have engaged The Sports Consultancy, which has worked with F1, the Football Association and the NFL, and Trivandi, whose projects have [...]
Berkeley, Persimmon and Barratt hit by house price slowdown Property Weak growth in UK house prices has hit the shares of the UK leading listed homebuilders, with pundits concerned that a demand for private housing will prevent the government from reaching its ambitious housing goals. Berkeley’s share price has dropped by more than eight per cent in the past month and Persimmon is down four [...]
Retail and construction lead insolvencies as UK firms in ‘perilous position’ June 20, 2025 Wholesale and retail traders and construction firms accounted for nearly a third of all insolvencies seen in the 12 months to April. Data published by the Insolvency Service has pointed to a further concerning trend in the UK economy as the number of companies insolvencies in May grew eight per cent month-on-month. The number of [...]
House prices slump in April: ‘Supply is beginning to outweigh demand’ June 18, 2025 UK house prices fell in April as affordability issues constrain demand following the end of the stamp duty holiday in March. House prices fell 2.7 per cent month on month in April, according to the Office for National Statistics (ONS). Prices increased by 3.5 per cent to £265,000 in the 12 months to April 2025, [...]
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 [...]
Ibstock hikes brick production as UK construction market picks up June 11, 2025 Brick manufacturer Ibstock has reinstated production capacity at several factories, providing a boost to Britain’s building materials shortage. The move is a bet on the building market’s recovery, with higher production capacity ensuring the company is “well placed to benefit from the recovery as it gathers pace.” Ibstock, which holds a 40 per cent share of the [...]
Bellway: Completions surge at FTSE 250 housebuilder June 10, 2025 Bellway has said it expects to see a surge in home completions amid an increase in consumer confidence and reservation rates. The FTSE 250 housebuilder and property developer said it was well-positioned to deliver cumulative volume growth of 20 per cent over the two years to end July 2026. In a trading update, the Newcastle-based [...]
Government slashes red tape to tackle housing crisis May 28, 2025 The government will slash red tape to get more construction by smaller building firms off the ground, and to “get working people on the housing ladder,” Deputy Prime Minister Angela Rayner has said as Labour looks to promote its pro-business credentials. A relaxation of environmental protections is expected, including Biodiversity Net Gain (BNG) requirements which [...]
Labour’s tax policies are hitting the companies they need to build homes May 23, 2025 Construction plant-hire companies are fundamental to delivering the government’s pledge to build 1.5m homes, but they tend to be family businesses – the very kind that are being worst hit by changes to NICs and Business Property Relief, says Steven Mulholland The latest Homes England figures might look promising – more homes completed, more sites started, and [...]