Author Archives: Joshua Stein

Output in the construction industry is expected to grow by 2.5 per cent in 2025, thanks to a recovering housing market. That is despite concerns around the Building Safety Act leading to “considerable delays” to some high-rise housing and commercial projects, the Construction Products Association (CPA) has said. The private…

Construction News’ analysis shows that some executives have seen their pay packages fall while others are celebrating heights never seen before The median pay for a chief executive at a FTSE 100 company reached £4.19m in 2023, the highest level on record, according to the High Pay Centre (HPC).. The…

Kier Construction has landed a £99.5m job to develop a new helicopter base for the Royal Navy. The four-year project involves revamping Royal Naval Air Station (RNAS) Culdrose in Cornwall, including the replacement of the Engineering Training School (ETS) at the site. The ETS mainly delivers training for engineers to…

A farm owner in Cheshire has been fined £16,000 after a roofer died following a fall from a forklift truck at his farm, according to the Health and Safety Executive (HSE). Mark Young, a 64-year-old roofing specialist, was working at Moss Hall Farm in February 2021 when he fell around…

Keltbray Infrastructure Services Ltd (KISL) has bought Linbrooke Services’ rail business for an undisclosed amount. KISL – which Keltbray sold to EMK Capital in August – said the acquisition would secure around 140 jobs and “elevate the digital and systems capability of KISL to a new level”. Linbrooke’s rail business…

Administrators of a £68m-turnover collapsed fit-out specialist have suspended their collection of outstanding debts following months of painstaking work. Following “several months of pursuing the remaining debts with no significant developments”, administrators for fit-out specialist Twenty 1 Construction have decided to suspend that work after advice that it would not…

The government drive to invest in roads maintenance has helped pushed turnover at M Group Services above £2bn for the first time. The private equity-owned firm, which was sold to Luxembourg-based fund CVC earlier this year, posted a turnover of £2.2bn in the year to 31 March 2024, a rise…

Byrne Group has posted an increase in pre-tax profit, after its businesses working in tier one contracting and concrete structures delivered steady growth. In what it described as a “robust performance”, profit increased from £6.8m to £7.4m, as the firm withstood a “very challenging economic environment” in the year to…

Greater use of technology in the construction sector could boost the UK economy by £417bn within two and a half decades, according to a study by Costain. The UK’s 16th biggest contractor found that extensive use of connected and autonomous plant (CAP) in the industry could bring £356bn worth of…

A Surrey-based infrastructure specialist has enjoyed an increase in profit and turnover on the back of two major acquisitions in the engineering sector. Octavius Infrastructure celebrated a “very successful year” following the buys, which helped propel its pre-tax profit from £3.8m to £4.6m. Turnover for the year to 31 March…