Author Archives: Joshua Stein

Manchester United’s new stadium, announced by the club today, will be built in five years by using 160 prefabricated components shipped via the city’s canal network, according to the scheme’s architect. The club this morning (11 March) announced it would press ahead with a new plan to develop the new…

Housebuilder Persimmon expects to spend more than £200m extra to remediate its remaining buildings of dangerous cladding, it revealed in its annual accounts released today (11 March). Persimmon made a provision of £235m for building safety remediation at the end of December 2024, according to its latest annual accounts. It…

Pre-tax profit at major infrastructure contractor Costain has soared by almost 20 per cent. The firm’s chief executive Alex Vaughan said the increase was “built on four years’ worth of work” and a “clear strategy”. Pre-tax profit was up from £30.9m to £36.5m in the year to 31 December 2024, while…

Kier surged to the top of the February leagues after it bagged two prison jobs worth a combined £800m. The contractor signed contracts worth a total of £961.9m, more than three times the value of deals won by its nearest competitor, according to construction data provider Glenigan. Of the 11…

Councils across the UK have abandoned projects involving modern methods of construction (MMC) amid issues around cost and quality, a UK parliamentary committee has heard. Many councils now have a “pretty negative view” of MMC projects and have done away with them entirely, Anna Clarke, director of policy and public…

Project starts in the leisure and office sectors have dipped as the construction sector waits for clarity on spending plans. And uncertainty around public spending on infrastructure and housing has also slowed activity across the UK, according to Glenigan’s latest monthly Construction Index. In the three months to February, site…

Its founders may be used to winning £100m-plus projects, but Glencar’s swift rise is down to jobs worth less than £10m Glencar’s latest annual results, released in January, revealed higher pre-tax profit from stable turnover for the year to 30 September 2024. The industrial and logistics contractor saw its profit…

Goldbeck has scooped part of a multi-million pound deal to develop a new municipal office block and production studio in Cardiff. Goldbeck UK – a subsidiary of German commercial contractor Goldbeck GmbH – is one of three firms named on the project, which includes a replacement for Cardiff Council’s headquarters.…

Steel giant Severfield has issued a profit warning, blaming a delayed “large project” and hits to client confidence. In a trading update published on Monday (3 March), the firm said the UK’s market conditions “have shown no signs of improvement” in recent months, as pricing remained tight and project opportunities…

The UK’s biggest contractor is engaged in a drawn-out £34.4m legal case over defects at a London student accommodation site it completed in 2009. Balfour Beatty has denied allegations it was responsible for “significant defects” on the six-storey Hive building in Bethnal Green, according to court documents seen by Construction…