All Finance articles
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FeaturesCould the shadow of Grenfell trigger more Ardmore-style collapses?
The 50-year-old contractor’s legacy housing business went into administration last month due to the weight of building safety issues on its books. Joey Gardiner asks whether we are likely to see other companies suffer the same fate
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NewsBuilding Safety Act’s three-decade liability hike sent Ardmore company under, firm says
Group director says legislation ‘significantly increased’ exposure at Ardmore Construction which went into administration last month
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NewsBuilding calls for expanded public private partnerships programme
A forthcoming report from Building’s Funding the Future campaign will urge the government to significantly expand its proposed public private partnership programmes beyond healthcare facilities and decarbonisation projects.
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CommentIs maintenance spending going to be enough to overcome the social infrastructure backlog?
The government’s commitment to repair and maintenance is certainly encouraging, but Karl Horton of the Building Cost Information Service believes additional funding is likely to be needed
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NewsBellway increases completions 14%
Housebuilder says local authorities “taking time” to adopt to new planning framework
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FeaturesHow the Treasury’s new social infrastructure PPP model will work
The infrastructure strategy has proposed allowing a form of PFI to be used in limited circumstances including healthcare centres for the first time since 2018 – but not yet revealed what the structure will be. Joey Gardiner considers the options
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CommentThe infrastructure strategy opens the door to private finance
Last week’s infrastructure strategy put off a final decision about using private finance for social infrastructure until the autumn. But, Joey Gardiner writes, it has still set out an important principle that such schemes are not entirely off-limits
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FeaturesWhy the government is looking to the Thames Tideway project for ways to fund £14.2bn Sizewell C
The private financing model known as RAB is to be used to raise cash for the new nuclear power station, reservoirs and the Lower Thames Crossing. Joey Gardiner looks at lessons learnt on the Thames Tideway project to find out why RAB is now all the rage
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FeaturesWhat will the infrastructure strategy say about private finance?
As well as setting departmental capital budgets for rest of the parliament, this month’s spending review will also be followed by a long-awaited infrastructure strategy that will determine the future of private finance on public projects. Joey Gardiner reads the tea leaves
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CommentAre Starmer and Reeves ready to gamble on PFI to fix our broken infrastructure?
If past mistakes can be avoided, some kind of private finance initiative may be the best way to build promised new public sector facilities and also solve the £49bn maintenance backlog, writes Denise Chevin.
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FeaturesPFI: Do the numbers add up?
With the government understood to be considering reinstating a form of private financing to pay for public infrastructure ahead of the launch of its 10-Year Infrastructure Strategy next month, Joey Gardiner weighs up whether reigniting PFI would be a good idea
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NewsProfit at Bouygues’ construction arm slips, annual results show
Turnover at French giant edges up towards €57bn figure
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NewsLaing O’Rourke edges back into black as new boss says margins have to improve
Cathal O’Rourke says contracting’s cherished 5% figure can be achieved and warns current industry average ‘is not sustainable’
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NewsLaing O’Rourke racks up worst loss in firm’s history as business nosedives £288m into red
Problem jobs in London and Australia behind record-breaking deficit
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NewsFit-out work leading the way as Morgan Sindall remains on track for record year
Construction and infrastructure divisions have both outperformed expectations, firm adds
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NewsBam’s UK income holds up despite 10% fall in overall revenue
Dutch engineering giant posts fall in revenue and profit for half-year
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NewsRevenue at Bouygues’ construction arm tops £10bn in first half
Group-wide revenue at French giant hits £22bn
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NewsJRL Group profit halves despite turnover growth
John Reddington admits ‘difficult year’ as 2022 profit hits lowest level since 2015