Browsing: Construction sector News
Hercules Site Services welcomes new investments boosting its growth potential.The company raises £8m through a strategic sale of new shares.Significant investors include Martin Tedham and Ged…
In July 2024, construction activity in the East Midlands faced challenges, with project starts declining against previous metrics.Project commencements fell short compared to both the previous…
Despite high expectations, the construction sector has not experienced the anticipated boost following the election.In July, contract awards dropped by 20% year-on-year, indicating a sluggish sector.Planning…
Industrial contractor TSL Group experiences significant revenue decline amid sector challenges.From 2022 to 2023, TSL’s revenue dropped by £116m, marking a 21% decrease.Increased European projects partially…
Steve Chesney takes over as managing director of H+H UK.Chesney’s appointment follows Calum Forsyth’s transition to non-executive chairman.Chesney brings nearly 30 years of experience in building…
New legislation announced in the King’s Speech signals major reforms in employment rights, planning laws, and UK infrastructure.The government is set to introduce 35 bills aimed…
The possibility of a Labour supermajority raises significant questions for the construction sector, challenging its operation and future strategies.A key concern is whether a dominant Labour…
The 2022 mini-budget under Liz Truss has been cited as a major factor impacting Osborne’s build-to-rent business, according to former directors.Factors such as high inflation, Covid-19,…
The financial report of Lorne Stewart highlights the firm’s challenges in a fiercely competitive construction sector.Lorne Stewart’s revenue fell by 21% to £118.7m in 2023, resulting…
The collapse of Geoffrey Osborne Ltd highlights significant financial challenges in the construction sector. As the company fell into administration, numerous trade creditors and firms were…
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