Skanska

The company that maintains and upgrades the M25 was the largest single supplier to National Highways in 2024-25, Construction News can reveal. It is the first time in four years that Costain has not been the client’s top supplier. Private finance initiative (PFI) company Connect Plus received £487m during the…

Modern slavery, exploitation and tax evasion across the construction sector are to be tackled by a new ethical workforce standard backed by major contractors. Skanska, Keltbray, Careys and Lendlease Development are among the firms that founded and helped to develop the Workforce Assured scheme, which has been drawn up to…

Pre-tax profit at the UK arm of Swedish conglomerate Skanska almost trebled last year, thanks to "strong results" in its facilities management (FM) and infrastructure activities. In its latest annual accounts, released today (14 May), Skanska UK posted a pre-tax profit of £77.8m for the year to 31 December 2024,…

Skanska has been picked to provide design advice and project management for the £1.25bn electric arc furnace development at Port Talbot. Skanska Technology, the group’s UK consultancy arm, has been working on the mega-project for more than four months – but has now signed a deal with Tata Steel to…

Executives and managers at some of the biggest industry names are on the move this week, and seven former employees of the collapsed ISG have landed new roles at other firms. London-listed contractor Morgan Sindall announced that its chair, Michael Findlay, will step down after nine years in post. He…

Data-centre jobs helped mechanical and electrical (M&E) specialist Skanska Rashleigh Weatherfoil to turn its financial fortunes around last year. Annual accounts for the year to 31 December 2023, posted on Friday (30 August), showed a pre-tax profit of £18.2m. That compares with a £312,000 loss in the previous year. Revenue…

Unions have agreed access to HS2 London tunnel sites, ending a five-year battle. SCS, the joint venture (JV) between Skanska, Costain and Strabag, has signed an agreement with unions Unite and GMB allowing union officials to visit workers based at Euston on site. Union members will be able to discuss…

Skanska has secured the contract to replace a nine-storey office block overlooking London’s River Thames, involving the reconstruction of the retained century-old facade. The Swedish contractor will design and build the 12,100 square metre flexible workspace for Baola Properties at 7 Millbank (pictured). The facade, which was built in 1913…

Costs have risen on the main civils works of HS2 in the south of England. Skanska revealed in a stock market statement on Friday that it is set to receive an extra £50m for its role on the southern section of the megaproject after agreeing changes to its scope of…

Skanska has hailed “early contractor involvement” as it reports an increased profit for last year. The Swedish contractor’s UK arm, Skanska UK, penned a pre-tax profit of £27.3m in the year to 31 December 2023, up from £24.5m in the previous year. The contractor’s turnover dropped slightly, from £1.38bn to…