Severfield launches buyback as booming steel demand in UK and Europe powers record backlog April 17, 2024 The acquisition of Voortman has helped the firm diversify from its home market in the UK, with 32 per cent of its order book now located in Europe.
London pips Geneva as world’s most expensive city to build in April 16, 2024 Every city in the UK and Ireland sat within the top 25 most expensive locations to build in the world, excluding Belfast.
Sigmaroc nets £214m revenue as chief hails ‘transformational’ CRH acquisitions April 12, 2024 Sigmaroc has reported a strong first quarter, with its chief hailing a "transformational" €1bn deal to acquire a string of European lime businesses.
London is in a race for space – and developers need to do more than look up April 12, 2024 Tall buildings are great, but with huge demand for quality physical space in the capital, the construction industry needs to be more creative, says Ged Simmonds Despite post-pandemic fears of vacant buildings and stranded assets, recent coverage has revealed that London is now in the midst of a ‘race for space’. News that Deloitte has [...]
Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue April 10, 2024 The group expects to announce its results for the financial year ended 31 March 2024 in mid-June.
Travis Perkins chief who oversaw Wickes demerger to step down after profit slashed March 27, 2024 The chief executive of Travis Perkins is to step down after five years in the role.
No bonuses for top bosses at Travis Perkins after profits slump by £175m March 12, 2024 Executive directors at Travis Perkins will not receive their bonuses after the company's profits were slashed during its latest financial year.
Hill and Smith shareholders set for bumper payday after profits pass £100m March 12, 2024 Shareholders are set for a bumper pay day after international construction and infrastructure firm Hill & Smith significantly increased its dividend following its profits passing the £100m mark.
Hopes of lower interest rates fuel construction sector optimism amid housebuilding resurgence March 6, 2024 The overall construction PMI rose to 49.7, up from 48.8 in January, its highest level since August 2023 and only marginally below the neutral 50-mark.
Robust order backlog helps Galliford Try to bumper year March 6, 2024 Galliford Try said pre-tax profits increased in the half year due to an increased demand, and has raised its dividend payout.