Ian Weinfass | Construction News

Costs to soar after funding axed for Kier road job

Ian Weinfass — Fri, 01 Mar 2024 12:15:07 +0000

Local government commissioners have warned that the government’s withdrawal of funding for a £600m PFI highways contract, won by Kier, is likely to damage a bankrupt council’s ability to turn its finances around. On 30 November, the Department for Transport (DfT) confirmed it was ending…

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Kier rejoins FTSE 250 index

Ian Weinfass — Fri, 01 Mar 2024 11:30:39 +0000

Kier Group will return to the FTSE 250 Index later this month after a five-year absence. London Stock Exchange indices producer FTSE Russell announced on Wednesday (28 February) that the contractor would re-enter its mid-cap list on 18 March after the implementation of its next…

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NG Bailey chief executive to stand down

Ian Weinfass — Fri, 01 Mar 2024 09:30:04 +0000

NG Bailey has announced the departure of chief executive David Hurcomb after 14 years at the helm. Hurcomb will retire in May and be replaced by Jonathan Stockton, currently chief operating officer at the mechanical & electrical (M&E) contractor. Hurcomb joined the then £464m-turnover NG…

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Firms named for breaching minimum wage law

Ian Weinfass — Fri, 01 Mar 2024 07:00:42 +0000

Builders merchants, scaffolders and a subsidiary of a large main contractor are among firms named by the government for failing to pay the minimum wage. More than 500 companies have been named after investigations by HMRC found that between 2015 and 2023 they had breached…

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Net-zero-homes proposal ‘could lower standards’

Ian Weinfass — Mon, 26 Feb 2024 07:00:10 +0000

A coalition of built environment groups have said the government’s net-zero housing plans do not go far enough. Low Energy Transformation Initiative (LETI), a network of 1,000 professionals in the sector, says the Future Homes Standard could see housing built to lower environmental standards than…

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Britishvolt administrators look for new buyer after deal stalls

Ian Weinfass — Fri, 23 Feb 2024 12:32:21 +0000

Administrators for Britishvolt are speaking to new potential buyers after the company that struck a deal to buy it one year ago failed to pay what it owes. Britishvolt, which planned to build a £3.8bn vehicle-battery plant in Cambois, near Blyth, Northumberland, went into administration…

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Police hold fresh interviews in Didcot tragedy probe

Ian Weinfass — Thu, 22 Feb 2024 07:00:39 +0000

Police officers have carried out new interviews in the criminal investigation into the fatal building collapse at Didcot Power Station. Tomorrow marks the eighth anniversary of the tragedy. Four men – Michael Collings, Ken Cresswell, Christopher Huxtable and John Shaw – died after the boiler…

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CITB celebrates High Court ruling in £28m grant row

Ian Weinfass — Wed, 21 Feb 2024 11:25:30 +0000

A payroll firm involved in a long-running dispute with the Construction Industry Training Board (CITB) over £8m of levy payments has lost large parts of its latest legal battle. In 2018, the CITB assessed that Hudson Contract Services (now known as Knot Builders) owed £27.4m…

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Gleeson profit halves

Ian Weinfass — Fri, 16 Feb 2024 12:36:02 +0000

Profit has fallen sharply at MJ Gleeson amid continued pressure on the housing market. The housebuilder saw pre-tax profit fall to £7.2m in the six months to 31 December 2023, down from £16.1m in the same period in 2022. Its revenue fell from £171m in…

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McAlpine CEO replaced by ex-Lendlease boss

Ian Weinfass — Fri, 16 Feb 2024 12:29:39 +0000

Sir Robert McAlpine has announced the sudden departure of chief executive Paul Hamer, and that he will be replaced with former Lendlease Europe boss Neil Martin. A statement shared by the contractor on Friday (16 February) said that Martin will start in post on Monday…

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