MJ Gleeson: the only housebuilder with no debt?
Posted: 16 May 2008MJ Gleeson is cash positive. While other housebuilders are urgently restructuring the repayment of their rising levels of debt, Gleeson’s chief executive Paul Wallwork emphasised that the group had no such worries.
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Kier's construction orderbook at record high
Posted: 16 May 2008Kier’s construction division has a record level of cash, but the group’s housebuilding operations report a deterioration in reservation levels - they are currently running 35% lower than at the same time in 2007.
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T5: CCTV footage shifts blame away from contractors
Posted: 15 May 2008British Airways has been unable to shift blame onto the builders for the opening week fiasco at Heathrow's T5 because of the elaborate CCTV system in place.
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£700m of work shelved as market jitters hit developers
Posted: 15 May 2008Two major schemes worth more than £700m have been put on hold as market jitters continue to hit developers.
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Skanska lands £88m Two Kingdom Street job
Posted: 15 May 2008Skanska has scooped its second landmark deal in London in as many years from Development Securities.
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Kier takes £30m Kent prison contract
Posted: 15 May 2008Kier has locked up a deal worth between £20m to £30m to revamp Elmley Prison at Sheerness on the Isle of Sheppey, Kent.
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Kier takes £20m Somerset school deal
Posted: 15 May 2008Kier has caned three rivals to win a £20m education-sector deal for Bath and North East Somerset council. The job involves redeveloping the Writhlington School at Radstock, near Bath.
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M25 widening: losing bidders grumble over HA's decision
Posted: 15 May 2008Losing bidders on the £4.5bn M25 DBFO believe the Highways Agency's choice of the Connect Plus consortium - which includes Balfour Beatty, Skanska, Atkins and Egis Projects - will lead to intense scrutiny of the project.
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Willmott Dixon lands £100m Middlesbrough BSF
Posted: 15 May 2008Willmott Dixon has clinched Middlesbrough's £100m Building Schools for the Future scheme after fighting off competition from rival Laing O'Rourke for the National Academies framework job.
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Kingspan revenues down as orders go flat
Posted: 15 May 2008Kingspan, the construction products manufacturer based in Dublin, points to various hiccups that will stop it from repeating last year’s record growth and pre-tax profit.
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Marshalls revenues up 3% for first four months of 2008
Posted: 15 May 2008Marshalls' revenue - the new word for turnover - for the four months to the end of April was 3% up at £135 million and on a like-for-like basis was 1% higher.
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Balfour Beatty bullish about trading expectations
Posted: 15 May 2008Balfour Beatty has issued a robust trading statement saying that it is firing on all cylinders and that the 2008 performance “will be at the top end of current expectations”.
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Kier chases £100m National Academy Framework deals
Posted: 15 May 2008Kier is in the running for £100m of schools contracts under the National Academy frameworks deals.
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Metronet to restart Tube station upgrade work
Posted: 14 May 2008First batch of work is for five station schemes worth £40m.
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Connaught boss in £8.4m shares-for-cash transaction
Posted: 14 May 2008The king-sized director deal of April was the £8.4m shares-for-cash transaction struck by Mark Tincknell, founder and executive chairman of Connaught. Tincknell.
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Lancsville Construction's plans to get insurance cover restored
Posted: 14 May 2008Lancsville Construction is fighting to restore its reputation. It has declared itself willing to make fundamental changes in order to get all the leading construction insurance providers back on board.
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Jewson director sacked over alleged £1m fraud
Posted: 14 May 2008Jewson has dismissed two members of staff and contacted police after an internal investigation revealed evidence of an alleged £1m fraud at the firm.
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Redrow to make hundreds redundant
Posted: 14 May 2008Redrow has become the first major housebuilder to cut jobs as it made around 15% of its workforce - about 200 people - redundant.
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Barratt's trading suffers in first 19 weeks of 2008
Posted: 14 May 2008Barratt Development’s chief executive Mark Clare has said that deteriorating trading conditions will see the housebuilding group “prioritise margin management”, in a management statement released today.
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The Top 30 Power Players in construction
Posted: 14 May 2008Who has the most influence on today's construction industry? Contract Journal compiles the 30 people most likely to affect your business in the coming year.
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