NEWS

At Stride we like to keep up to date with current industry news and trends within the Built Environment sector. We regularly source relevant and topical articles for you to view conveniently here at Stride.

Walkie Talkie sold to Hong Kong buyer for record £1.28bn

Landsec has sold its share in the Walkie Talkie, which Hong Kong investment firm Lee Kum Kee is buying for a record £1.28bn.

Builder dies after working in fume-filled Notting Hill basement

A builder has died after being removed unconscious from the basement of a building in west London.

Firm fined £20,000 after worker crushed to death

A North-east building firm has been fined after one of its employees was killed by a collapsing wall.

Unite ballots HTC Wolffkran workers over pay dispute

Unite has balloted its members for strike action over a pay dispute with crane firm HTC Wolffkran.

Construction slump drags down GDP growth in Q2

A sharp fall in construction output in the second quarter of 2017 dragged down UK GDP growth to just 0.3 per cent, according to latest figures from the Office for National Statistics.

Hammerson posts pre-tax profit surge for H1 2017

Developer Hammerson has recorded a 77 per cent jump in pre-tax profit on the back of a strong performance in the first half of 2017.

Government gives £300m Wrexham gas plant green light

The government has given the green light for the development of a new £300m gas power plant in Wrexham.

Hinkley roof fall lands EDF and Doosan Babcock with safety notice

EDF Energy and Doosan Babcock have been served improvement notices from the Office for Nuclear Regulation after a worker  at Hinkley Point B was injured in a fall from height.

Housebuilders slammed for 'cynical' changes to Devon ecotown

A consortium comprising Linden Homes, Taylor Wimpey and Bovis Homes has been accused of a “cynical attempt” to amend plans for a 5,500-home Prince Charles-backed ecotown to make the scheme more “efficient”.

Costain/Laing O'Rourke JV manager among four jailed for corruption

Four men have been jailed for their parts in an operation to make and receive payments in order to win contracts on the Farringdon station project.

Council urged to kick developer off £350m regen

Swindon Borough Council is facing calls to replace the developer overseeing the regeneration of the town centre due to lack of progress.

Cardiff bus station developer moots scrapping PRS homes

The developer behind Cardiff’s new bus interchange is looking to scrap 195 rental homes from the scheme and replace them with offices or student housing.

Crossrail 2: London asked to pay £15bn 'during construction'

Transport secretary Chris Grayling has warned London businesses will need to help provide more than £15bn towards Crossrail 2 during the construction phase.

Battery technology given £246m government backing

The government has announced plans to make the UK a world leader in battery technology as part of a drive to increase productivity and secure energy supplies.

Pension fund restarts delayed Manchester scheme

The Greater Manchester Pension Fund is aiming to have a major stalled office development on site by 2019.

Council launches legal action over stalled £200m development

Liverpool City Council has launched legal action against a developer over a stalled £200m mixed-use site in the city. 

Grenfell: DCLG to help contractors manage extra workloads

The government has vowed to engage with the industry to ensure increased workloads are “managed effectively” as contractors undertake safety measures in the wake of the Grenfell tragedy.  

U+I wins consent for London bus factory redevelopment

U+I has secured a resolution to grant planning consent for the £130m mixed-use regeneration of a former London bus factory in Walthamstow.

Scottish infrastructure boost as £1.1bn deal agreed

The Scottish and UK governments have agreed to pump £1.1bn into Edinburgh and south-east Scotland in order to boost infrastructure. 

Shock as GSK pulls plug on new £350m factory

Pharmaceutical giant GSK has abandoned plans to build a new £350m drugs facility in Cumbria. 

Sajid Javid approves Intu's Milton Keynes redevelopment

Communities secretary Sajid Javid has given the green light to the contentious multi-million-pound redevelopment of Intu’s Milton Keynes shopping centre 18 months after the project was called in. 

Skanska CEO slams writedowns as ‘not acceptable’

Skanska CEO Johan Karlström has slammed its UK and US project writedowns as “not acceptable” after revealing a 451m SEK (£41.9m) half-year loss at its European business.

Grayling delays decision on future Network Rail funding

Transport secretary Chris Grayling has deferred a decision on future rail funding as he seeks “more assurances” on cost, while calling on Network Rail to improve its “efficiency”. 

Stirling Prize shortlist: Who are the contractors and engineers?

This year’s RIBA Stirling Prize shortlist has been announced - and here we reveal the contractors and engineers who have worked on the projects. 

Fury as rail electrification plans scrapped

Plans to electrify three rail lines across the UK have been scrapped by the government, prompting an angry response from public sector stakeholders. 

Manchester's tallest building set for planning approval

Manchester’s tallest building looks set to go ahead after being recommended for approval by city planning officers.

Clugston profit halves after project delays

Clugston has reported an 18 per cent fall in turnover after a number of project starts were delayed.

FK Group poaches William Hare finance boss

FK Group has poached steelwork firm William Hare’s financial director as it targets further growth. 

Brexit uncertainty stifles construction workloads

Construction workloads have been stunted as Brexit uncertainty continues to spook investors, a new survey has revealed.

Farmer Review: Government urges industry to 'step up'

The government has urged the industry to “step up” to the challenge posed by last year’s Farmer Review but rejected the idea of introducing a charge on industry clients to fund modernisation.

Key points: Government response to Modernise or Die

A summary of the government’s key points in its response to Mark Farmer’s Modernise or Die report.

Italian firm to foot £15m bill for 'disastrous' failings on Lendlease job

Italian contractor Permasteelisa is set to foot a bill of nearly £15m after a judge awarded damages over “disastrous” failures on a Lendlease-led project in which glass shards fell from an office building into the street. 

Rider Levett Bucknall raids Mace for new hires

Rider Levett Bucknall has poached five Mace executives to help drive its UK growth plans. 

Canary Wharf Contractors margin balloons to 47%

Canary Wharf Contractors has reported a pre-tax margin of 47 per cent as a host of its projects kick off across the capital.

Morgan Sindall to beat expectations as profit rises 45%

Morgan Sindall expects its full-year results for 2017 to be “significantly ahead of previous expectations” after reporting a boost in profit in the first half of the year.

Esh boss plots northern and Scottish expansion

Esh Group is targeting further expansion across Yorkshire, the North-west and Scotland after heavy investment in streamlining its business.

Turner & Townsend targets US acquisitions as profit jumps

Turner & Townsend is to target further acquisitions and expansion in North America after reporting a healthy rise in annual turnover and profit.

Grenfell: Hansford to lead industry inquiry

Former government chief construction adviser Peter Hansford is to carry out an independent review on the lessons for UK infrastructure in light of the Grenfell Tower tragedy.

Kier overseas director leaves to join Dubai contractor

The boss of Kier’s overseas construction business has left the company to head up a new division at Dubai-based contractor ASGC.

Dragados' £350m harbour expansion gets funding boost

A £350m expansion of Aberdeen harbour that will be delivered by Spanish contractor Dragados has received a boost in funding. 

Willmott Dixon in resi shake-up as five execs step down

Five senior members of Willmott Dixon’s residential business have stepped down from their current roles following a shake-up, Construction News can reveal. 

HS2 phase two route confirmed by government

The government has confirmed the final route for phase two of the £55.7bn HS2 rail line north of Birmingham.

CLC chief: Industry must work together on Grenfell response

The industry must work together on building safety in the wake of the Grenfell Tower tragedy, the head of the Construction Leadership Council has said. 

T Clarke recovers £1.43m in fraud settlement

T Clarke is set to recover £1.43m after reaching an out-of-court settlement with a former employee over a fraud claim at one of its subsidiaries. 

Landlords warned over fire risk from cladding removal

Landlords have been warned to be vigilant when removing cladding from buildings to ensure it does not increase fire risks. 

Specialists Awards 2018 opens for entries

The 2018 Construction News Specialists Awards have opened for entries, with 18 categories to choose from.

Carillion calls in EY to help with cost reduction

Carillion has brought in accountancy giant EY to look at cost reduction and cash collection as part of a strategic review of the troubled business. 

Skanska to review UK costs after writedowns

Skanska will review costs in the UK construction business after its group chief executive said reversing the division’s fortunes was its “highest priority”.

Industry sets up post-Grenfell response body

Some of construction’s biggest trade bodies will come together to co-ordinate the industry’s response to the Grenfell Tower fire and explore how to make buildings safer in future.

Carillion brings in HSBC as financial adviser

Carillion has brought in HSBC as its financial adviser to help reverse its fortunes following Monday’s shock profit warning.

Skanska issues profit warning after £33m UK writedowns

Skanska has issued a profit warning after revealing around £33m of writedowns at its UK unit. 

Rise appoints former Mace and UBS project director

Consultant Rise has appointed the client programme director behind the £340m 5 Broadgate project as chief operating officer.

Heathrow expansion vote delayed until 2018

MPs will not vote on the proposed expansion of Heathrow Airport until next year, the government has admitted.

Construction News Awards 2017: Winners revealed

The winners of the Construction News Awards 2017 have been announced at a ceremony held at the Grosvenor House Hotel.

Khan hands out £1.7bn for 50,000 homes

The mayor of London has divvied out £1.7bn for almost 50,000 affordable homes in the capital.

McNicholas: From family firm to Kier Group

Kier today added to its presence in the infrastructure sector with the acquisition of Hertfordshire-based contractor McNicholas.

Osborne promotes ex-Balfour manager to supply chain post

Osborne has promoted former Balfour Beatty supply chain manager John Robeson to lead its own relationship building with suppliers.

Man dies on Bellway site in south-east London

A man has died following an incident at a Bellway building site in south-east London.

Kier buys £180m-turnover McNicholas

Kier has announced the acquisition of utilities and infrastructure contractor McNicholas.

Keltbray doubles profit as revenue breaks £350m mark

Keltbray has seen pre-tax profit more than double and turnover break £350m, the company’s annual results have revealed.

Boost for Network Rail's huge Derby Triangle scheme

A 70,000 sq m commercial-led scheme near Derby County FC’s Pride Park stadium has been handed a significant planning boost.

London council unveils £10m post-Grenfell safety upgrade

A London council has vowed to invest an extra £10m in boosting fire safety in its tower blocks in the wake of the Grenfell Tower disaster – with measures including installing sprinklers.

Update: Carillion share price slumps again with more writedowns feared

Carillion’s share price has slumped for the third day in a row with the group’s stock down 26 per cent today. 

MPs urge permanent residence for EU construction workers

All EU nationals working in the UK construction industry should be given a permanent right to stay in this country, a group of MPs has urged.

Gary Neville's £200m Manchester project gets radical redesign

A radical redesign of Manchester’s controversial St Michael’s scheme, backed by former footballers Gary Neville and Ryan Giggs, has been revealed.

'No option off the table' says interim Carillion boss

Carillion’s interim boss to “look at all options” for the company after a shock profit warning sparked a full strategic review of the business.

Ministers urge contractors to vote for CITB

The government has urged construction firms to vote in favour of keeping the CITB – and warned the industry could be hit with bills if it scraps the training body.

Willmott Dixon shakes up resi arm as profit doubles to £31m

Willmott Dixon has increased integration between its construction and residential arms after doubling its annual profits. 

Network Rail plans £200m Derby rail upgrade

Network Rail has announced a £200m modernisation of track and signalling around Derby station, despite the works’ potential to cause widespread travel disruption.

HB Reavis UK chief executive to depart

The UK chief executive of developer HB Reavis will step down later this summer after four years at the helm.

Crossrail 2 boost as minister given brief for £31bn project

Treasury minister Liz Truss has been handed responsibility for Crossrail 2, raising hopes that the £31bn project will be taken forward. 

Carillion Building MD leaves with immediate effect

The boss of Carillion’s UK building division has exited the business following today’s shock profit warning from the company.

TfL appoints developer for Landmark Court

Transport for London has appointed the Triangle London Developments JV to bring forward an 80-home mixed-use scheme near London Bridge.

Wates names new preconstruction chief in promotion spree

Wates has appointed five people to director roles, including creating a new group head of preconstruction.

Carillion chief steps down after profit warning

Carillion chief executive Richard Howson has stepped down with immediate effect as the firm has said it will be “undertaking a comprehensive review of the business” following a profit warning.

Sales fears hit third of structural material makers

Almost a third of structural material manufacturers expect to see a drop in sales next quarter, research has revealed, as cost inflation continues to bite.

Construction output slumps to nine-month low

Construction output has hit a nine-month low, according to official data.

Housing bodies halt cladding removal amid uncertainty

Two Salford housing associations have halted the removal of cladding from their high-rise blocks.

CITB names permanent chief executive

The CITB has appointed Sarah Beale as permanent chief executive.

PRS and education boom pushes Graham turnover to £565m

Graham has increased turnover and posted a net profit margin of 2.8 per cent after a number of major contract wins in the education and PRS sectors.

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