Overlooking the role of migrant workers will be the death of our housebuilding ambitions August 17, 2024 Labour’s pledge to get Britain building again is encouraging, but we can’t reach their targets without construction workers – and, crucially, immigration, writes Haman Manak Out of all the sectors addressed in Labour’s early days of government, housebuilding has been one of the big winners. Starmer and co have promised to build 1.5m homes over [...]
There’s a hidden carbon cost to the government’s housing targets August 15, 2024 But an innovative use of cement could help reduce the construction sector’s emissions, writes Dalraj Nijjar
Genuit: Construction supplier’s profit nearly halves as ‘subdued’ market conditions persist August 13, 2024 Sustainable construction supplier Genuit has posted a near halving of its profit for the first half of 2024 and said it expected "subdued" market conditions to persist for the rest of the year.
Morgan Sindall: FTSE 250 construction group continues run of growth August 8, 2024 Construction and regeneration group Morgan Sindall has reported yet another half of double-digit revenue and profit growth. The FTSE 250 constituent, which is headquartered in London and helped expand Whitechapel station for Crossrail in 2021, hailed a “record” performance in the six months to 30 June. Revenue jumped 14 per cent from £1.9bn to £2.2bn. [...]
Ibstock profit slashed as ‘exceptionally wet weather’ hits construction industry August 7, 2024 Sales and profit at building supplies company Ibstock has continued to fall as “exceptionally wet weather” badly affected the construction industry. The London-listed firm, which is headquartered in Leicestershire, saw its revenue drop 20 per cent to £178m in the first six months of 2024, down from £223m last year. Ibstock said this decrease was [...]
Construction activity hits fastest pace in two years as housing sector returns to growth August 6, 2024 The reading put the construction sector in expansion for the fifth consecutive month and was the fastest pace of growth since May 2022.
Epwin poised for £25m profit in 2024 despite revenue dip August 6, 2024 Building products supplier Epwin said it was on track to make an underlying profit of more than £25m by the end of 2024 after posting a steady set of results in the first six months.
Breedon Group’s profit slumps as rain slows construction sector progress July 24, 2024 Construction materials supplier Breedon reported a dip in its profit despite increased revenue following a major US acquisition earlier this year.
Kier: Construction giant’s order book nears £11bn on back of contract wins July 18, 2024 Kier Group's full-year order book came in at £10.8bn, representing a seven per cent year-on-year increase.
Gleeson: Sales ‘exceeding expectations’ despite planning system woes July 11, 2024 Housebuilder Gleeson has nudged up the number of new homes it sold in its most recent financial year, despite what it described as "continuing challenges in the planning system".