Bouygues News, Contracts and Projects | Construction News

Equans Regeneration quits new-build work after £136m loss

Ben Vogel — Thu, 29 Feb 2024 09:22:23 +0000

Equans Regeneration is exiting the new-build housing market after it reported a £135.6m loss for 2022. In its first published accounts since being acquired by Bouygues in October 2022, the group admitted that higher turnover failed to prevent a plunge into the red in 2022…

The post Equans Regeneration quits new-build work after £136m loss appeared first on Construction News.

Bouygues and Laing O’Rourke warned over Hinkley Point safety breach

Will Ing — Thu, 18 Jan 2024 08:30:13 +0000

Bouygues and Laing O’Rourke have been served warning notices by the nuclear regulator over fire-safety failures at Hinkley Point C. The contractors have each received enforcement notices relating to failings by their joint venture BYLOR JV. The Office for Nuclear Regulation also served notices to…

The post Bouygues and Laing O’Rourke warned over Hinkley Point safety breach appeared first on Construction News.

Bouygues lands central London student digs

Ian Weinfass — Mon, 18 Dec 2023 09:07:10 +0000

The London School of Economics (LSE) has named a Bouygues UK-Equitix consortium as preferred development partner for a major accommodation build in central London. Bouygues UK’s development arm Linkcity is set to lead the 2,000-home development situated behind the Tate Modern on Bankside (pictured), while…

The post Bouygues lands central London student digs appeared first on Construction News.

Council demands action from Bouygues after balcony collapses

Greg Pitcher — Wed, 15 Nov 2023 11:02:11 +0000

A London politician has demanded a fast response from Bouygues after part of a balcony collapsed within a housing development built by the contractor. Barking and Dagenham Council leader Darren Rodwell wrote to the French-owned contractor’s management urging inspections be carried out “at pace”. The…

The post Council demands action from Bouygues after balcony collapses appeared first on Construction News.

Bouygues UK posts £42m loss as provisions soar

Ian Weinfass — Fri, 06 Oct 2023 16:13:59 +0000

Bouygues UK has posted a £42m pre-tax loss after almost doubling its building-safety provisions. The contractor’s accounts for the year to 31 December 2022 showed it slumped from an £835,000 pre-tax profit in 2021. Its turnover also slid, to £382m from £484m in the year…

The post Bouygues UK posts £42m loss as provisions soar appeared first on Construction News.

Cash shortfall looms over Bouygues-led transport job

Kerry Lorimer — Wed, 07 Jun 2023 09:43:16 +0000

Soaring costs are set to cause a Bouygues-led consortium to scale back work to extend the West Midlands Metro line. Funding of £450m approved in 2019 was meant to see the line extended from Wednesbury to Brierley Hill, linking Dudley with Birmingham, Wolverhampton and the…

The post Cash shortfall looms over Bouygues-led transport job appeared first on Construction News.

Bumper hospital job propels contractor to top league spot

Joshua Stein — Tue, 07 Mar 2023 06:50:19 +0000

Bouygues earned more than any other contractor in February after it landed the highly sought-after contract to build a new integrated eye hospital, according to data provided by construction intelligence provider Glenigan The French firm was locked in as contractor on the £300m scheme last…

The post Bumper hospital job propels contractor to top league spot appeared first on Construction News.

Bouygues boss: race to the bottom ‘reversing’ despite inflation

Ian Weinfass — Fri, 02 Dec 2022 06:50:14 +0000

Client bodies are moving away from “race to the bottom” procurement, having come to understand contractors’ struggles with inflation, the chief executive of tier one contractor Bouygues UK has said. Racing to the bottom on procurement usually refers to clients valuing low-cost options above all…

The post Bouygues boss: race to the bottom ‘reversing’ despite inflation appeared first on Construction News.

Competition watchdog closes Bouygues-Equans probe

tim.clark@emap.com — Wed, 23 Nov 2022 06:50:24 +0000

The Competition and Markets Authority has closed its investigation into French industrial giant Bouygues’ acquisition of construction-services firm Equans for €6.1bn. Bouygues agreed to acquire Equans from fellow French firm Engie in November for an initial price of €6.5bn, which, when factoring in net debt, resulted…

The post Competition watchdog closes Bouygues-Equans probe appeared first on Construction News.

Lib Dems claim £700m cut will delay New Hospital Programme

Jonathan Knott — Tue, 22 Nov 2022 06:50:52 +0000

A budget cut planned for next year is likely to delay the government’s £3.7bn promise to build “40 new hospitals” by 2030, the Liberal Democrats have claimed. The recent Autumn Statement set the capital budget for the Department of Health and Social Care (DHSC) at…

The post Lib Dems claim £700m cut will delay New Hospital Programme appeared first on Construction News.