Skanska’s worldwide profit jumped more than 500 per cent in the first quarter of 2020. Pre-tax profit rose from SEK 426m (£34.5m) in the first quarter of 2019 to SEK 2.85bn (£231m) this year. Chief executive Anders Danielsson said Skanska’s three main divisions of construction, residential development and commercial development…
Bouygues UK has become the latest contractor to announce a suspension of all its building work indefinitely in light of the coronavirus crisis. Chief executive Rob Bradley cited requirements to maintain social distancing and to avoid public transport, as well as a national shortage of PPE and sanitising products as…
Skanska is set to sell off its infrastructure services business, which includes the company's highways, rail and lighting-maintenance arms. The company said it would withdraw from the services sectors and has now begun the process of marketing those operations to potential buyers. Skanska UK president and CEO Gregor Craig (pictured)…
Skanska has landed a £240m contract to deliver 20 Ropemaker Street in central London, a 25-storey commercial project due to become home to law firm Linklaters. The scheme consists of 419,093 sq ft of office space and 11,785 sq ft of ground level retail space. It is being developed by…
Balfour Beatty’s Leo Quinn, Kier's Andrew Davies and Sir Robert McAlpine’s Paul Hamer are among a group of 25 industry leading figures who have written to prime minister Boris Johnson asking him to back the delivery of HS2. The letter, also signed by the chief executives of Mace, Bam Nuttall…
Skanska has signed a £143m deal with Highways England to deliver the M42 junction 6 improvement scheme near Birmingham Airport. The firm was named on the project, which will improve design and deliver increased capacity on the road, in late 2018 as part of the road body’s regional framework covering major…
ISG, Morgan Sindall and Sir Robert McAlpine were the big winners on Pagabo’s new £10bn major projects framework. The framework will go live in April and is set to run for six years. It was set up for any public or private sector organisation that operates across the UK, with…
An accident at Crossrail’s Farringdon station site that left one worker seriously injured was "likely" caused by scaffolding not being erected properly, according to a report from the JV building the station. The worker was hospitalised when scaffolding collapsed at the site in September. He has since been released. Another worker…
Sir Robert McAlpine took top spot in the league table for contract wins last month. With three contracts worth £385m secured, the firm headed up the league for the first time since October 2018, according to data from construction intelligence provider Glenigan. Top 10 contractors, November 2019 Click here for…
An evolving trend in tendering for two-stage design-and-build contracts is helping the supply chain and contractors to share risk, the University of Cambridge's construction director believes. Gavin Heaphy said consulting with contractors on risk-sharing had led to a re-evaluation of work procurement on the educational facility's major development, a new district…
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