Financial

Van Elle has agreed to sell its Canadian subsidiary less than three years after entering the market, citing delays in rail investment. The groundworks firm said it will dispose of the entire share capital and assets of Van Elle Canada Inc to 1560169 B.C. Ltd, a special-purpose vehicle operating in…

Contractor Babcock Rail has slipped to a pre-tax loss after work dried up on a number of frameworks and some client budgets decreased. Babcock Rail reported a pre-tax loss of £5.2m in the year to 31 March 2025, after it made a pre-tax profit of £4.8m in the prior year.…

Infrastructure giant M Group has posted positive half-year results as it forecasts its recent acquisitions will further strengthen its position in 2026. Since rebranding as M Group in April, the firm has diversified with a number of acquisitions in engineering and data sectors. In its half-year results, the firm, which…

Turnover at CCG (Scotland) fell 12 per cent to £214m in the year to 31 March 2025, with the company blaming political uncertainty and supply chain issues. Glasgow-based CCG, which is one of the largest social housing contractors in Scotland, said political conditions in the run-up and during the aftermath…

Construction was the worst performing segment of the economy in October, new data from the Office for National Statistics (ONS) has shown. Output in the sector fell by 0.6 per cent in the month, helping to defy economists’ expectations and bring national gross domestic product (GDP) down by 0.1 per…

Lovell has established a dedicated refurbishment and retrofit business for central England, as it seeks to scale its planned works and retrofit services across the region. Lovell Renew Central will launch in January and cover the Midlands, East Midlands and East Anglia. It will consolidate the company’s existing planned works,…

Tender price forecasts for the construction sector have barely shifted following the chancellor’s Autumn Statement, according to new analysis from consultancy Rider Levett Bucknall (RLB). The firm’s latest quarterly Construction Market Intelligence report showed only marginal changes to inflation projections: the 2025 forecast tender price uplift was revised to 3.2…

An “overhead restructure” has helped Roger Bullivant increase its pre-tax profit by a third, despite falling turnover. In its latest accounts for the 2024 calendar year, the Derbyshire-based piling and ground engineering specialist said revenue fell by 5 per cent from £87.2m to £82.4m. Pre-tax profit rose by 31 per…

M Group’s pre-tax loss has worsened despite double-digit percentage turnover growth, according to the infrastructure contractor’s latest accounts. The firm – ranked 7th in the CN100 2025 – generated a loss of £87.7m from turnover of £2.5bn in the year to 31 March 2025. However, this drop was attributed to…

Construction materials specialist GRS has acquired the 23.7 per cent stake in its business held by Tarmac, ending a long-standing shareholding arrangement for an undisclosed sum. The buyout returns the company to full private ownership and will support expansion of its sustainable aggregates portfolio, digital materials platform and construction solutions…