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Construction News launches life sciences conference

CN Staff — Wed, 28 Feb 2024 06:56:26 +0000

Construction News and Property Week are joining forces to deliver a new conference for construction professionals, real estate advisors, investors and developers to explore the dynamic market of life science and research real estate development. Life Sciences & Research Clusters will bring together experts who…

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Competition regulator launches probe into major housebuilders

Joshua Stein — Mon, 26 Feb 2024 13:19:54 +0000

Eight major housebuilders are being investigated for possible breaches of competition law. The Competition and Markets Authority (CMA) has launched a probe into “suspected anti-competitive conduct by housebuilders” relating to “concerns that they may have exchanged competitively sensitive information” including non-public information on sales prices,…

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Judge rejects challenge to £1.7bn Stonehenge Tunnel

Joshua Stein — Wed, 21 Feb 2024 09:47:36 +0000

The High Court has thrown out a case brought by campaigners against the £1.7bn Stonehenge Tunnel project. Mr Justice Holgate said most of the allegations brought by Save Stonehenge World Heritage Site (SSWHS), which was seeking a judicial review of the project's development consent order,…

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Government in talks over purchase of Wylfa nuclear site

Joshua Stein — Mon, 12 Feb 2024 12:44:26 +0000

The government is in talks to buy the Wylfa nuclear site from Hitachi. The UK’s state-owned nuclear business, Great British Nuclear (GBN), is in “early-stage discussions” with Hitachi over the sale of the 20.8-hectare site in Anglesey, as first reported by the Financial Times. GBN…

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Red Sea conflict could drive up construction material prices

Greg Pitcher — Mon, 15 Jan 2024 16:43:01 +0000

A drawn-out conflict in the Red Sea could have an impact on the supply and price of materials used on UK construction sites, an expert has warned. Reports were circulating on Monday (15 January) afternoon of a US-owned cargo ship being hit by a missile…

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Government to increase fines for late-running roadworks

Greg Pitcher — Mon, 15 Jan 2024 16:29:12 +0000

The government has published plans to ramp up fines for late-running roadworks, in a bid to channel more money towards pothole repair. The Department for Transport launched a consultation on proposals that would also see more of the fees paid by firms to close lanes…

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Crest Nicholson in fresh profit warning as costs soar

Greg Pitcher — Mon, 15 Jan 2024 10:52:49 +0000

Crest Nicholson has further reduced its profit forecasts after uncovering new project and legal costs. In a trading update published this morning (15 January), the homebuilding giant said it expected to post a pre-tax profit of £41m for the year to 31 October 2023. The…

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Sir Martin Laing dies aged 81

Ben Vogel — Fri, 05 Jan 2024 11:46:15 +0000

Industry veteran Sir Martin Laing has died in hospital in Malta at the age of 81, following a short illness. Born on 18 January 1942, Laing joined the family firm John Laing plc in 1965 and succeeded his father Sir Kirby Laing as chairman in…

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East West Rail: ‘Not yet clear’ how benefits of £6.6bn project will be achieved

Greg Pitcher — Wed, 13 Dec 2023 00:01:33 +0000

Ministers have failed to demonstrate how they will achieve the promised benefits of the under-construction Oxford-Cambridge rail link, despite spending more than £1bn on the project to date, a watchdog has warned. The National Audit Office (NAO) said it was “not yet clear” how the…

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Sunak: construction misunderstood our lockdown message

Greg Pitcher — Tue, 12 Dec 2023 12:45:10 +0000

Rishi Sunak has admitted that the government stopped more construction activity than it intended to during the first Covid-19 lockdown. The prime minister, who was chancellor when the pandemic started, this week told an official inquiry that the meaning of key communications was “slightly lost”…

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