More news – Page 4455
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News
Stormy Monday halts work across UK
Work came to a halt on the Canary Wharf towers this week as the worst storms for a decade battered the country.A spokesperson for the UK's largest developer said: "Work stopped over the weekend and on Monday because of our concerns over high winds, but we are back at work ...
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Hopkins wins Docklands prize
Architect Michael Hopkins and partners has won a competition to build a 1 million ft2 office development in Docklands for Fidelity Investments.The practice saw off competition from five architects for the scheme in east London, which includes two buildings. The higher one will be 19 storeys.Work is set to ...
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Islington links up with Kier
Kier group and Islington Council have formed a public-private partnership to provide building repair and maintenance in the north London borough.The new firm, Caxton Islington, has a £120m 10-year contract to repair council housing stock, clean windows and buildings and maintain heating services.The firm has taken over the 500 ...
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Package for small exporters
Minister for trade Richard Caborn has announced an export credit package aimed at small and medium-sized exporters.The enhanced service, from the Export Credit Guarantee Department, which underwrites the export of UK goods, is intended to speed up deals.It includes a fast-track insurance deal for businesses and an awareness campaign to ...
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Wales assembly grasps the nettle on procurement
Key proposals include partnering arrangements on housing schemes and incentives for design innovation.
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£10bn to be spent on new roads by 2010
Almost half of the Highways Agency's budget for the next 10 years will be spent on new-build projects, it was revealed this week.The agency will have £22bn to spend during this period, compared with its current annual budget of £1.4bn. The extra £6bn was announced by deputy prime minister ...
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Hackney keeps partnering
The East London borough of Hackney's partnering contracts for housing repair and maintenance will go ahead despite the council's financial difficulties, say officials.The borough, which has overspent by £15m, this week announced a recovery plan to cut its budget. Housing had been identified as an area where cuts were to ...
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Showdown looms over shunned Constructionline
Specialists threaten to pull out of registration scheme if slow client take-up continues.
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CITB bids to attract youth
The CITB is to spend £3.8m attracting young people into the construction industry to stave off the recruitment crisis.The extra cash, which comes from an increase in the annual levy from construction firms announced last month, will be spent on recruiting school leavers and older trainees, funding on-the-job experience and ...
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Shares surge over transport bonanza
Shares in Jarvis and Balfour Beatty rise as investors anticipate tidal wave of infrastructure contracts.
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Wal-Mart boss to take helm at Wilcon
Allan Leighton, the outgoing chief executive of Wal-Mart Europe, is to become non-executive chairman at housebuilder Wilson Connolly from 1 January 2001.Leighton became deputy chairman of the company in March, a post that was intended to be a preparatory step to taking over the top spot. He will succeed chairman ...
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Amec raises US presence
AMEC has maintained its challenge to US giants Bechtel and Fluor Daniel in the North American engineering consulting market by buying environmental consultant Ogden Environmental and Energy Services for £12m.Ogden, formerly part of power and infrastructure company Ogden Corporation, has 650 professional staff and an annual revenue of £55m.The acquisition ...
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Birse knocked back by second write-off
Share price hits 18-month low on news of second troublesome contact, as one analyst suggests exit from stock market.
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Portal launches project system
Construction portal Mercadium has adopted a data management system to offer software packages tailored to the industry.The project information channel, from application service provider Building Information Warehouse, is designed to allow all parties involved in a construction project to swap information from design to the building's operation and ...
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Linden Homes completes MBO
The management buyout of housebuilder Linden Homes has been declared unconditional after it was accepted by 96% of shareholders.The £73m package, launched last month by chief executive Philip Davies, makes the firm the second housebuilder to pull out of the stock market after tiring of the ...
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Osborne annual profit dips
Contractor Osborne has reported a slight dip in annual pre-tax profit from £2.71m to £2.76m after it recorded losses on three contracts.Turnover rose £3.7m to £135.1m for the year to 31 March with increases in all divisions except housebuilding, where turnover fell £2m to £9.3m.Two of the loss-making contracts were ...
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Profit warnings soar to new high
The construction and building materials sector notched up the second highest number of profit warnings among UK quoted companies in the last quarter, according to new statistics.According to an Ernst & Young survey, eight construction firms issued profit warnings in the third quarter of 2000 – 7% of listed companies ...
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Features
The stress timebomb
Yesterday was National Stress Day, but did you have enough time to do anything about it? Job insecurity, high technology and a frenzied marketplace have conspired to turn stress into a hidden epidemic, but construction is proving slow to act.
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Features
Suffering in silence: One man's story
John is a married 36-year-old, and the father of two young children. He is a project manager working in northern England on a prestigious operation."I think there are a lot of people struggling in this industry, but nobody wants to admit it. The company says we can go to them ...
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Features
The costcutter
This man is one of the most powerful people in construction. Some of the biggest clients in the industry do what he says. But who is Deryk Eke?