Construction hit by wet weather as low housebuilding weakens output March 5, 2026 The construction sector was hit by “exceptionally wet weather” in February that caused delays and led to a decline in output, new research has shown. S&P Global’s purchasing managers’ index (PMI) showed the beleaguered sector suffered from an “accelerated downturn” in output last month. The construction PMI dropped to 44.5, below the 50-figure mark for [...]
Taylor Wimpey profit halves as Budget impacts sales March 5, 2026 The UK’s third-largest house builder saw its profits halve last year due to the cost of fire safety regulations and a regulatory settlement with the competition watchdog. Taylor Wimpey’s profit plummeted by 54 per cent to £146.5m despite revenue growing by 13 per cent to £3.8bn, in the financial year to December 2025. The group [...]
Labour warned it could miss housing targets over tax burden on sector March 4, 2026 A leading construction industry body has warned the Labour government could miss its ambitious house building target as employment costs and tax burdens build pressure on the sector. The Construction Plant-hire Association (CPA), which represents more than 2,000 firms providing critical machinery and expertise to the industry, told City AM Labour will fail to meet [...]
Vistry: Housebuilder boss quits as output falls March 4, 2026 The boss of the UK’s second-biggest housebuilder has quit as the company battles with falling revenue and output caused by the uncertainty around last year’s November Budget. The news spooked investors as Vistry Group’s share price nosedived on Wednesday, down as much as 22 per cent to 490p. Vistry’s chief executive Greg Fitzgerald said he [...]
Construction recovery remains fragile amid high costs March 3, 2026 The construction sector is recovering but its growth remains fragile as developers contend with high wages, planning delays and labour shortages. The industry will grow over the next year due to major infrastructure projects but confidence in the housebuilding and commercial sectors remains shaken, according to a report by construction firm McBains shared exclusively with [...]
Developers shrink Silk Street plans to dodge objections February 24, 2026 Plans for a huge new office development in the heart of the City have been shrunk in a bid to dodge objections raised by furious locals. The plans to redevelop the existing western building, located next door to the Barbican estate, will now see it stand ten metres shorter than initially planned, in response to [...]
Here’s what the Square Mile skyline will look like in six years February 19, 2026 The City of London Corporation has revealed a new CGI skyline showcasing the Square Mile skyscrapers set to be completed in the next six years. The computer-generated images were released to mark a record set of planning permission deals in 2025, which have included the decision to green-light what will be the City’s tallest building, [...]
Top hotel chain calls for Liverpool Street scheme to be rejected February 9, 2026 A top hotel group has called for Network Rail’s £1.2bn Liverpool Street redevelopment to be rejected or deferred, warning that it might not ever be completed. James Francque, global head of transactions at Hyatt, said the scheme is “not financially viable, offers limited operational benefit, and carries a high risk of non-delivery.” “For these reasons, [...]
UK construction ‘exits tailspin’ but job losses persist as housebuilding slumps February 5, 2026 The UK’s struggling construction sector showed signs it was turning a corner at the beginning of the year even as job losses and shrinking order books persisted. The latest construction Purchasing Manager’s Index (PMI) from S&P Global – which serves as a headline index tracking industry activity – edged up to 46.4, up from 40.1 [...]
London house prices ‘need’ to fall amid supply increase, housing minister says January 30, 2026 House prices “probably need” to fall in London, the housing minister has said, after insisting that the government’s 1.5m home building target could still be met. Matthew Pennycook said Labour wants to encourage developers to compete on volume in order to ramp up housing supply and make homes more affordable. There are “people in London [...]