Day: October 31, 2023

The latest Begbies Traynor Red Flag Alert report into British corporate health says that 5,919 construction companies are now in ‘critical’ financial distress and 72,257 are in the only slightly less dire ‘significant’ financial distress. The real estate and property services sector is in bad...

The planned headquarters for the European Centre for Medium-Range Weather Forecasts in ReadingThe new headquarters, designed by BDP and to be built by Mace, would create the largest cluster of climate research and operational forecasting facilities in the world on the University of Reading’s Shinfield...

With insolvencies on the rise in the construction industry, subcontractors are seeing their credit ratings being downgraded. In its latest product availability statement, the Construction Leadership Council says that while there is now good availability to building products and materials, similar to pre-pandemic levels, new...

The Safestyle factoryThe failure of Safestyle with the loss of nearly 700 jobs comes after weeks of speculation since the company reported its half-year results showing a pre-tax loss of £6.7m. It revealed that it was in talks with shareholders and others to strengthen the...

A study of Environment Agency data for Greenpeace’s Unearthed journalism project has found that more than 4,000 flood defences are categorised as being in a poor or very poor condition. These defences range from flood walls and embankments to outfall pipes and culverts. England has...

Two-thirds of institutional real estate investors are reconsidering their UK ventures due to market conditions, according to research by insurance broker Gallagher. Gallaher found that 64% of UK real estate investors are considering shifting their investment abroad;  44% have pulled investments, while 21% have had...

I&G's Stockton team in their new office Illingworth & Gregory (I&G), acquired by Hull’s Sewell Group in 2017, is looking to expand across the north of England. Recent projects have included a new critical care unit at Barnsley Hospital, a £6m refurbishment of the ophthalmology...