Tag: record

Record-breaking tunnellersStrabag UK is working for Anglo American to construct the world’s longest conveyor tunnel for a mineral transport system (MTS) to transport polyhalite from Woodsmith Mine under the North York Moors National Park to Teesside for processing and onward shipping. And the tunnel construction...

Renew chief executive Paul Scott With UK infrastructure policy emphasising maintenance and renewal over new construction, contractors like Renew, focused on providing the water industry, railways and highways with maintenance services, stand to benefit. It is, for example, the largest provider of maintenance and renewals...

KPMG audited Carillion’s accounts the financial years 2014, 2015, and 2016 and each time signed them off as true and fair. In July and September 2017 Carillion announced expected provisions totalling £1.045 billion, primarily arising from expected losses on a number of its contracts, and...

Breedon has a mineral pipeline in excess of 100 million tonnesIn the year to 31st December 2022, Breedon Group revenue rose 13% to £1,396.3m (2021: £1,232.5m). Pre-tax profit rose 19% to £135.8m (2021: £114.3m). The results were also helped by three bolt-on acquisitions – marine...

Phase one of Autolus Therapeutics' CAR-T cell manufacturing facility is completeThe UK’s first CAR-T cell manufacturing facility has been completed in Stevenage just 17 months after conception. While the cancer-busting work that will go on inside the building is cutting edge, so too have been...

Freyssinet jacked the bridge a distance of 163 metres at four metres per hourAccording to HS2 Ltd, installation of the Marston Box bridge represents the world’s longest box slide. Around 450 people from Balfour Beatty Vinci (BBV) – HS2’s construction contractor in the Midlands –...

Hudson Contract said average weekly earnings increased by 4.3% to £979 per week during October. The pay growth offsets the decline seen in September when earnings fell by 3.4% to £939 per week. The best performing subcontractors last month were in demolition and wrecking (up...

Managing director Ray Hutchinson Gilbert-Ash turnover increased by 24% in 2021 to almost £219.3m from just under £176.2m.  an increase of £43.1m while pre-tax profit rose 13% to £12.4m, up from £10.9m in 2020. Current projects include the £36m redevelopment of the National Portrait Gallery...

The inspections concerned the 2016 accounts of collapsed construction and facilities management services company Carillion and the 2014 books of software company Regenersis. The FRC also fined four of KPMG’s former auditors and severely reprimanded another junior KPMG employee, for their part in misleading the FRC. The FRC...

Just three profit warnings were issued by listed construction and materials companies in the first half of the year, which is the lowest since 2015 and 2016. Despite the pressures on the sector, only 8% of UK-listed construction companies issued a warning in the last...

Latest numbers from the Office for National Statistics show that monthly construction output increased by 1.5% in volume terms in May 2022 to £15,053m, which is a new monthly high since records began in January 2010. The increase in monthly construction output in May 2022...

Renew subsidiary QTS is one of Network Rail's busiest contractorsRenew’s interim results for the six months ended 31 March 2022 see turnover up 13% to £414.3m and pre-tax profit up 21% to £21.8m. Group order book at the half-year point stood at £771m, up from...

The repair & maintenance sector has been booming but may now start to slowBut with data distorted by the continuing post-pandemic rebound and February storms – and with the UK economy now facing headwinds – all may not be quite as grand as the ONS...

Severfield supplied the steelwork for the new stands at Lord's cricket ground in LondonSeverfield’s order book stands at a record high of £479m (as of 1st April), up by nearly £180m in the past seven months. Most of the current orders – £382m – are...