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LIVE: Construction News Summit Day Two

Live coverage as the CN Summit prepares to welcome Sir Vince Cable and British Land CEO Chris Grigg on Day Two in London.

Crossrail 2 set for post-Budget showdown talks

London’s deputy mayor for transport Val Shawcross has revealed crunch talks regarding Crossrail 2 will take place immediately following the Budget.

East West Rail to pursue DBFM deal

East West Rail chairman Rob Brighouse has revealed the client body will pursue a design build, finance and maintain (DBFM) contract for the proposed Oxford-to-Cambridge line.

Brexit: Industry needs five-year transition, says CPA director

The economics director of the Construction Products Association has called for a five-year transition period after the UK leaves the EU in March 2019 to help construction cope with post-Brexit challenges.

Farmer calls for end to 'broken' tier one models

Cast Consultancy chief executive Mark Farmer has called for construction’s traditional business model to be consigned to the past if the industry is to survive and innovate.

Spurs stadium and Wimbledon roof boost Severfield profit

Work on Tottenham Hotspur’s new stadium and a retractable roof at Wimbledon boosted revenue at Severfield by 16 per cent to £137.1m for the six months to 30 September.

Mark Carne: TransPennine upgrade to start in CP6

Network Rail chief executive Mark Carne has told the CN Summit he expected work on TransPennine route enhancements to start in CP6.

McMullen Facades joins Lakesmere in administration

Lakesmere subsidiary McMullen Facades has entered administration, Deloitte has announced.

As it happened: CN Summit Day One

A look back at Day One of the Construction News Summit, including keynote addresses from the CEOs of Network Rail and Heathrow.

Haringey's housing chief to quit council

The Labour councillor who helped spearhead plans for a £1bn regeneration in Haringey will not seek re-election after failing to secure a first-round majority from his local ward.

Four in five industry firms fear negative Brexit impact

Concerns over Brexit have “intensified considerably” with industry firms increasingly cautious over the negative impacts of leaving the EU, according to Gleeds’ latest market survey.

Investigation launched into Mitie's financial statement

The Financial Reporting Council (FRC) has opened a new investigation into the reporting of Mitie’s 2016 year-end financial statement.

Carillion's pension fund could take stake in the group

Carillion’s own pension fund could take on a significant stake in the group if the contractor proceeds with its recapitalisation plans.

Budget: London politicians demand modular housing cash

London Assembly members have urged the chancellor to pump “significant” funds into offsite manufacturing to help tackle the housing crisis. 

PM launches £1.7bn city transport fund

The government has unveiled a new £1.7bn fund to boost transport connections in and around UK cities.

MP vows to fight CITB plans

The Conservative MP for West Norfolk has slammed the CITB’s leadership and vowed to do all in his power to block its plans to move headquarters.

EfW plant proposed for Grimsby under £170m plans

Developer North Beck Energy has put forward plans to build a £170m energy-from-waste (EfW) centre near Grimsby.

Kier predicts double-digit profit growth

Kier has said it expects to achieve double-digit profit growth during its current financial year.

Carillion to breach covenants amid fresh profit warning

Carillion has issued a fresh profit warning and confirmed that it expects to breach its financial covenants at the end of next month.

ABP launches £3.5bn property business

Associated British Ports (ABP) has launched a £3.5bn property arm with the aim of developing 30m sq ft of land.

'Game-changer' as Transport for the North handed powers

Transport for the North (TfN) will become the first sub-national statutory transport body on 1 April next year, the Department for Transport has confirmed.

CITB job loss details to come in January

The CITB will reveal the extent of jobs under threat as a result of its restructure in January, its chief executive has told Construction News. 

Margin squeeze forecast for 2018 in RICS survey

Construction workloads are expected to increase over the next 12 months but margins will be squeezed, according to a survey by the Royal Institution of Chartered Surveyors.

Theresa May makes housing pledge ahead of Budget

The prime minister Theresa May has said she’s on a personal mission to build more homes faster.

Immigration minister pledges to avoid EU labour 'cliff edge'

There will be no “cliff edge” for EU construction workers living and working in the UK after Brexit, the immigration minister has said.

CITB job losses loom in major shake-up

Job losses loom at the CITB after the training body laid out plans to streamline its operations as part of a major shake-up revealed today.

Barratt boss: Tackle housing the same way as infrastructure

The boss of housebuilder Barratt has urged the government to take a more long-term view on boosting housing supply. 

Croydon approves £1.4bn shopping centre after four-year delay

Westfield and Hammerson’s £1.4bn scheme to redevelop a shopping centre in central Croydon has been approved after four years of delays.

Brexit: UK workers 'unlikely' to make up EU shortfall

Boosting training of UK nationals to replace EU workers post-Brexit is unlikely to be sufficient to tackle the shortfall, accountancy firm PwC has warned. 

Travelodge targets council land in expansion plan

Travelodge is targeting local authorities with a range of development deals that would see new hotels built on council land.

CN wins national award for mental health campaign

Construction News has won a prestigious national award for its mental health campaign, Mind Matters.

Wates recruits interim CFO following Carillion raid

Wates has appointed an interim chief financial officer in place of David Allen who is acting as CEO following Andrew Davies’ move to Carillion.

Speedy profit edges up as turnaround efforts pay off

Speedy’s turnaround efforts have delivered increased half-year profit as the company raised expectations for its full-year.

Shortlist revealed for CN Specialists Awards 2018

We are delighted to announce the finalists for the CN Specialists Awards 2018.

London Fire Brigade accuses construction of safety failings

The London Fire Brigade (LFB) has slammed the construction industry over fire safety, saying that it lacks competence and fails to take the issue seriously enough.

Mitie appoints second CFO in nine months

Mitie has appointed the former boss of Virgin Active Health Clubs as its new CFO as current incumbant Sandip Mahajan moves to become the outsourcing firm’s first chief transformation officer. 

Van Elle founder moves to oust CEO

The founder of specialist contractor Van Elle, Michael Ellis, is attempting to regain control of the company from current chief executive Jon Fenton.

Khan demands more powers to boost housebuilding

Sadiq Khan has demanded more power for local authorities in London in the upcoming Budget in order to boost housebuilding.

Obituary: Sir Brian Hill

The family of former CIOB president Sir Brian John Hill have announced that he passed away suddenly on Sunday 5 November, aged 84.

HS2 gets new HR chief following redundancy payments scandal

HS2 has unveiled Neil Hayward as its new HR boss following the departure of Peter Gregory in the wake of the scandal over unauthorised redundancy payments.

Urban & Civic submits 2,800-home Cambridgeshire plans

Developer Urban & Civic has submitted plans for 2,800 homes and a new business district at its Wintringham Park site in Cambridgeshire.

Galliford Try forms JV for £100m Manchester redevelopment

Galliford Try Partnerships has formed a joint venture with a Manchester housing association to deliver 576 homes as part of an £100m development.

Output revised down as recession fears mount

The Office for National Statistics has revealed that construction output declined by 0.9 per cent in Q3 – marking a downwards revision from its initial estimate of 0.7 per cent published last month.

Crossrail delays drive £73m overspend for 2017

Crossrail works are running £73m over budget for 2017 due to delays at Whitechapel and Woolwich stations as well as changes to the wider project’s scope, Transport for London figures have revealed.

Swiss firm considers challenging Interserve legal victory

Swiss contractor Hitachi Zosan Inova (HZI) is considering an appeal after a High Court judge ruled in favour of Interserve following a contract dispute over a £165m energy-from-waste plant. 

Bristol council puts £123m arena project on hold

Bristol City Council has suspended plans for a 12,000-seat arena due to be built by Buckingham, following a value-for-money review of the proposals.

McAlpine plans job cuts in regional shake-up

Around 90 jobs at Sir Robert McAlpine are under threat as the contractor undergoes a regional restructure.

Grenfell: Corbyn calls for £1bn to retrofit sprinklers in towers

Labour leader Jeremy Corbyn has called on chancellor Philip Hammond to set aside up to £1bn to fit sprinklers in all council and housing association high-rise blocks.

MoJ projects slammed over sustainability standards

The Ministry of Justice failed to assess the environmental performance of the majority of its construction and refurbishment projects, a National Audit Office report has revealed.

Highways England boss attacks 'countless' reviews

The boss of Highways England has slammed the number of reviews the organisation has been subject to, suggesting they often tell the organisation what it already knows.

Industry pays tribute to influential Sir Michael Latham

Former MP and author of the influential 1994 Constructing the Team report, Sir Michael Latham, has died.

Willmott sells resi development arm stake to Malaysian firm

Willmott Dixon has struck a deal to sell a majority stake in its residential development arm, Be Living, to a Malaysian-based property developer. 

Capco rethinks housing provision on £1.1bn Earls Court plan

Developer Capco is reconsidering the housing provision on its £1.1bn development at Earls Court following concerns raised by the local council.

Crossrail boss warns government over supply chain

Crossrail chief executive Andrew Wolstenholme has warned the government that delaying decisions on infrastructure projects will mean losing vital supply chain capabilities and knowledge.

Brandon Hire snapped up by rival Vp for £42m

Construction equipment hire company Brandon Hire has been acquired by rival Vp for £41.6m. 

Lakesmere: Crossrail eyes deal to maintain Paddington job

Crossrail was this week scrambling to ensure work on its sites was not halted by Lakesmere Group’s collapse.

Galliford Try denies £3m claim by collapsed Power One

Administrators for Paisley-based subcontractor Power One have claimed the firm was owed in excess of £3m by Galliford Try due to a contract dispute.

Crossrail 2: Adonis calls for final sign-off to come next year

National Infrastructure Commission chairman Lord Adonis has urged the government to make a final decision on Crossrail 2 next year.   

Suppliers' jump in sales offers industry hope

Industry activity continued to grow between July and September, according to a new survey by the Construction Products Association.

Lord Adonis in fresh attack over Heathrow delay

Lord Adonis has said dithering over Heathrow is “sacrificing national wellbeing” while NIC deputy chair Sir John Armitt described the UK as “a laughing stock around the world” because of the length of the delay in approving the airport expansion.

CITB commits to shake-up after government probe

The CITB has unveiled a series of reforms after a government-commissioned review urged wide-ranging changes to make the training body “more focused, efficient and responsive”. 

In pictures: £500m HS2 Leeds station masterplan revealed

New images have been revealed of plans for the £500m redevelopment of Leeds station, which will include an HS2 hub. 

Mayor says London can meet 'onerous' Crossrail 2 funding target

The mayor of London Sadiq Khan has reaffirmed his commitment to meeting half of Crossrail 2’s mammoth £31bn costs during the construction phase of the project.

Contractor fined £60k after worker’s pelvis split

An electrical contractor has been fined £60,000 after a worker’s pelvis was crushed by an electrical panel.

HS1 chair: HS2 got off ‘completely on the wrong foot’ over Euston

HS2 Ltd “got off completely on the wrong foot with Camden” as it developed plans for the redevelopment of Euston station, HS1 Ltd’s chairman has claimed.

Bam Construct reveals new UK chief executive

James Wimpenny has been appointed the new chief executive of Bam Construct UK, taking over following the retirement of Graham Cash.

Two-thirds of SMEs not paid within 30 days, FMB finds

Nearly a quarter of construction SMEs have had to wait more than four months for payment from clients or large contractors, according to new research from the Federation of Master Builders (FMB).

Glasgow council approves £600m housebuilding plan

Glasgow City Council has approved a £600m investment plan to build 10,000 affordable homes over the next five years.

Lakesmere Group collapses into administration with 109 jobs lost

Lakesmere Group has been placed into administration, with 109 jobs lost.

Interserve wins legal row over axed EfW job

A High Court judge has ruled in favour of Interserve in a dispute with Swiss contractor Hitachi Zosen Inova (HZI) over the cancellation of a contract on a £165m waste incinerator plant.   

Interest rate rise 'will fuel late payment push' from SMEs

The rise in interest rates will give SMEs extra leverage to chase late payments from big firms up the supply chain, a trade body has claimed. 

Man rescued after 27-tonne crane collapses on house

One man has been rescued by fire services after a 27-tonne crane overturned on a housebuilding site in Basingstoke.

MPs launch fresh inquiry into Heathrow expansion

MPs have launched a new inquiry into the government’s plans for a third runway at Heathrow. 

Hong Kong developer in line for £6bn Meridian Water

Pacific Century Premium Developments (PCPD) has been lined up to take on Enfield Council’s £6bn Meridian Water project following the withdrawal of Barratt from the 10,000-home development.

Industry 'stuck in a rut' after difficult month, warns PMI survey

Construction activity edged up last month but fears have been voiced that much of the industry is “stuck in a rut”. 

Carillion calls on ex-Costain turnaround specialist

Troubled Carillion has strengthened its board with the appointment of former Costain and Jarvis boss Alan Lovell as a non-executive director. 

Open Doors calls for showcase projects after 2017 success

Construction firms can now register to take part in Open Doors Week 2018.

Network Rail IP boss sought Carillion reassurances

Network Rail’s Infrastructure Projects MD met with Carillion’s interim CEO Keith Cochrane to receive reassurances about the troubled contractor in the aftermath of its £1.15bn half-year loss.

HS2 hires new finance director after redundancy payment scandal

HS2 has appointed Crossrail’s Elizabeth Gillbe as its new finance director as the £55.7bn project grapples with the fallout over unauthorised redundancy payments. 

Arsenal to increase Emirates stadium capacity

Arsenal has announced it will add 780 seats over the next two summers to return the stadium to a capacity of just over 60,600.