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Construction and the credit crunch: latest news
Latest news on how the economic downturn and credit crunch is affecting the construction and housing market, including analysis and commentary.
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(09 May 2008 17:24)
Chris Smith becomes new Environment Agency chairman
Former MP Chris Smith has been appointed as the new chairman of the Environment Agency. more
(09 May 2008 15:47)
Ardmore wins £35m London waterfront deal
Ardmore Construction has nabbed a £35m mixed developemnt deal on London's waterfront.
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(09 May 2008 13:28)
£60m Ardmore scheme delayed due to economic slowdown
A £60m mixed-use development in Greenwich which was won by Ardmore has been delayed indefinitely.
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(09 May 2008 13:27)
Carillion wins £250m Newcastle-upon-Tyne development
Carillion is in discussions with a local developer for an estimated £250m deal in the North East, according to a well-placed source.
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(09 May 2008 13:19)
Gleeson Building enjoys nine-fold increase in profit
Gleeson Building’s second year of independent trading was “slightly ahead of plan”, says finance director Mike Lethaby. Pre-tax profit jumped.... more
(09 May 2008 12:00)
Housing association hands over land following 'mismanagement'
The Housing Corporation has ordered a housing association to hand over its land to another organisation following a statutory inquiry into.... more
(09 May 2008 11:16)
Ikea flat pack home sales fall amid mortgage lender caution
Caution among mortgage lenders has led to a drop in sales for Ikea’s new flat pack home. more
(09 May 2008 10:54)
Trump resort's economic impact more important than environment
Donald Trump will claim his £1bn golf resort in Aberdeenshire is of “national importance” and more important than any adverse environmental effects. more
(09 May 2008 10:40)
Transport groups unhappy with M25 widening award
Anger has surfaced over the proposed bidders for the M25 widening contract. more
(09 May 2008 10:29)
Council to bulldoze £2m home for being 'too high'
A £2m luxury home in Cheshire faces being bulldozed because its ceilings are 1.2m too high. more
(09 May 2008 10:27)
Uninsured scaffolder's death leaves family with funeral bill
The family of an apprentice scaffolder who fell 6.5m to his death on a London site is facing thousands of pounds in funeral costs after the company.... more
(09 May 2008 10:13)
Youngman beefs up access tower
Youngman has beefed up the design of its Boss Zone 1 modular fibreglass access tower.
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(09 May 2008 10:00)
Offices closed after refurb workers disturb asbestos
A county council's offices have been closed after building contractors discovered dangerous levels of asbestos. more
(09 May 2008 09:52)
Building firms fined £20,000 after worker falls
Two building firms have been fined £20,000 after a worker fell down a concrete staircase and suffered head injuries that have kept him in hospital.... more
(09 May 2008 09:46)
Oakdene Homes reports £5m profit
Oakdene Homes, the south England housebuilder and property developer, made a pre-tax profit of £5m last year on turnover of £36m. more
(09 May 2008 09:00)
Wembley company found guilty of deadly safety breach
A Wembley-based construction company has been found guilty of breaching safety regulations on a Dublin worksite where a worker was killed. more
(08 May 2008 16:44)
Building Schools for the Future: latest news
Latest news on Building Schools for the Future (BSF), the government's £45bn programme to rebuild every secondary school in the country. Includes.... more
(08 May 2008 16:14)
Birkenhead cranes demolition - VIDEO
Birkenhead-based Technical Demolition Services last week dispatched two cranes at the West Float, Birkenhead, Wirral. more
(08 May 2008 15:47)
HIPs hit by housing market slowdown
The introduction of Home Information Packs (HIPs) has been delayed by the government again – now because of the slowdown in the housing market. more
(08 May 2008 15:13)
Waco UK reveal a pre-tax loss of £6m
Waco UK, the specialist in off-site manufacture of pre-fabricated buildings for the construction industry, has unveiled more losses. more
(08 May 2008 15:00)
£350m Suffolk snow dome approved
Plans to build a £350m snow dome that houses winter sports has been approved subject to strict terms and conditions. more
(08 May 2008 14:07)
HBG UK pours £27m into pension scheme
HBG UK poured a total of £27m into its under-funded pension scheme last year. The figure was even higher than the previous year’s figure of £15m. more
(08 May 2008 14:00)
ISG bags £80m Olympic velodrome contract
ISG has bagged the £80m contract to build the London 2012 Olympic velodrome, putting the construction of all key Games’ venues in the hands of.... more
(08 May 2008 13:36)
BA chief blames construction work for T5 chaos
Incomplete construction work has been blamed for the disastrous debut of Heathrow’s Terminal 5, by British Airways chief executive Willie Walsh. more
(08 May 2008 12:18)
ABM revamps UK pre-cast conctrete operations
Dublin-based construction group ABM has re-branded its operations in the UK.
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(08 May 2008 12:00)
Gibbs & Dandy accepts £43m take-over bid
Gibbs & Dandy, the builders’ merchant, is being bought by Saint-Gobain for £43m in cash. more
(08 May 2008 11:00)
Connect Plus wins £4.5bn M25 contract
The Highways Agency has announced Connect Plus as the provisional preferred bidder for the £4.5bn M25 DBFO (Design, Finance, Build and Operate.... more
(08 May 2008 09:36)
M25 widening Q&A
The Highways Agency (HA) has announced a provisional preferred bidder for its largest ever roads project, the 30-year £4.5bn widening DBFO for the.... more
(08 May 2008 09:17)
DavyMarkham sends 320t cutterhead to China
Sheffield heavy engineering company DavyMarkham has manufactured a 320t cutterhead for a 12.4m diameter tunnel boring machine (TBM) and despatched it.... more
(08 May 2008 09:00)
CRH fear US slowdown could halt earnings growth
Irish Building materials group CRH fear trouble in the US market could halt their earnings. more
(08 May 2008 09:00)
Sir Anthony Bamford appointed IED Honorary Fellow
JCB chairman Sir Anthony Bamford has been appointed an Honorary Fellow of the Institution of Engineering Designers. more
(08 May 2008 09:00)
Laing O'Rourke chief searches for top talent to boost business
Global hunt for best project managers to oversee 25% annual company expansion.
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(08 May 2008 09:00)
Plant Security Briefing to be held on 18 June
The Insurance industry’s research centre at Thatcham is holding a free-to-attend Plant Security Briefing on 18 June. more
(08 May 2008 00:00)
Bomb forces evacuation of Miller worksite
An unexploded World War Two bomb forced the evacuation of a Miller Construction site and a major university this morning. more
(07 May 2008 16:34)
HBF tells government to cut rates or miss housing targets
The Home Builders Federation (HBF) has called for immediate cuts to interest rates to coax more homebuyers onto the market. more
(07 May 2008 16:15)
£237m regeneration plan and 8,200 new homes for East Enders
A £237m programme to rejuvenate London’s East End and provide 8,200 new homes has been approved by the government. more
(07 May 2008 16:00)
Experts reject global sustainability code
Sustainability experts have rejected calls for a single standard that would measure the environmental performance of buildings across the globe. more
(07 May 2008 15:21)
Costain consortium wins 5-year AMP4 contract extension
The 4D consortium, in which Costain has a 40% share, has won a five-year extension to an AMP4 contract with Southern Water. more
(07 May 2008 15:13)
Carillion and Henry Boot offer polished updates
Two rosy trading updates have been issued in the last hour – one from Carillion and the other from Henry Boot.
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(07 May 2008 15:00)
UKR sees pre-tax profit crack to £900,000
UKR, the group specialising in reinforced concrete structures, has unveiled a pre-tax profit of £900,000. The latest figure is well down on the £1.6m.... more
(07 May 2008 14:00)
Steed of the South to rival Angel of the North - PHOTOS
Images of five shortlisted designs for the 'Angel of the South' - a £2m project to create a sculpture in Ebbsfleet alongside the Channel Tunnel Rail.... more
(07 May 2008 13:41)
McCarthy & Stone to cut 100 jobs
Retirement home builder McCarthy & Stone is gearing up to cut 100 jobs from its 1,170-strong workforce, in response to toughening market conditions. more
(07 May 2008 13:19)
Building firm folds every four hours as bankruptcies soar
Highest insolvency rate in five years sees 500 firms go bust in first quarter of 2008.
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(07 May 2008 11:53)
'We'll never work with Gee Construction again', vows subbie
A subcontractor has vowed never to work for Gee Construction again, following a lengthy battle to recover the cash it claims it is owed. more
(07 May 2008 11:00)
Persimmon subcontractors anger at hold-up in payments
At least six subcontractors working for Persimmon West Midlands are reported to be furious that payments running to around £3m, already approved by.... more
(07 May 2008 11:00)
Bid-rigging: OFT tight-lipped on identity of firms in bid-rigging fight
The Office of Fair Trading (OFT) will maintain a vow of silence over its bid-rigging investigation until it makes an announcement next year on the.... more
(07 May 2008 11:00)
Parsons Brinckerhoff reviews £15bn Severn Barrage
US engineering firm Parsons Brinckerhoff has reviewed plans to harness tidal energy by building a £15bn barrage across the River Severn, as plans for.... more
(07 May 2008 10:43)
Roofing boss jailed for 10 months
The owner of a South Wales roofing firm has been jailed for 10 months and ordered to pay £18,000 costs after admitting manslaughter following the.... more
(07 May 2008 10:18)
Construction projects videos
Construction projects videos more
(07 May 2008 10:10)