Downing losses deepen as it makes £13m remediation provisions

Losses at Downing Construction have deepened despite the contractor more than doubling its revenue. Provisions for remediating cladding and fire safety issues on completed jobs were the largest items blamed for the downturn. Newly released results for the year to 31 March 2024 show the firm made a pre-tax loss of £5.8m, compared with a […]

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Farrans remains profitable after restructure separates it from sister companies

Farrans Construction remains profitable, according to its first accounts since owner CRH announced it was looking to sell the contractor. Materials giant CRH said it was examining divesting of Farrans in December 2022 as part of a strategic review. Farrans is part of Belfast-based Northstone (NI), which formerly included building materials manufacturer Northstone Materials and […]

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Government calls in Lendlease purchase for scrutiny

The sale of Lendlease to a US private equity firm has been called in for government scrutiny on national security grounds. Last week, Lendlease Group announced it had reached an agreement to sell its UK construction operations to US private equity firm Atlas Holdings for £35m. Construction News understands that the deal is now being […]

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People moves: Costain appoints, Briggs promotes and more

The first full working week of 2025 has seen a flurry of job changes across the construction industry. Eva Soto Pérez Infrastructure specialist Costain announced the appointment of Eva Soto Pérez as its new engineering services general manager. Pérez moves from Morgan Sindall, where she was engineering director from June 2022. Her CV also includes […]

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10 people to watch in 2025

Which individuals are likely to have the biggest impact on the industry in the year ahead? Sarah Jones Sarah Jones, MP for Croydon West, was appointed construction minister following Labour’s general election win in July. She served as shadow housing minister between 2018 and 2020, and has been an outspoken advocate for building safety, using […]

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Universal Civils and Build picks-up another ISG job

Hyndburn Borough Council has confirmed that Universal will restart construction at Wilson Sports Village in Clayton-le-Moors later this month. Work on the £12m scheme was about 45% complete when ISG went into administration last September. Universal has also landed completion works on a £24m leisure centre in Chesterfield which was […]

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Prep work starts for vast HS2 box slide under A46

Engineers worked around the clock to place 120 long beams to form the top of the box in just 14 days. The lifting milestone paves the way for the vast box to be jacked 64m under the dual carriageway using a system designed by French contractor Fressynet. The box will […]

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Morgan Sindall wins Canary Wharf office-to-labs job

Work for clients Oaktree Capital Management and LS Estates will see the existing office building at 17 Columbus Courtyard (17CC)  transformed into a new state-of-the-art life science and technology hub. Construction will start on site this month with completion scheduled for late 2026. Richard Dobson, Morgan Sindall Construction’s Area Director […]

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Resi developer Sheen Lane heading for administration

The Richmond based firm is listed for an administration application hearing at Leeds Crown Court on Friday. The move follows a number of winding-up petitions against the company which has been in business since 2013. Since then the developer has delivered over 2,600 residential units and 120,000 sq ft of […]

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$2B Waldorf Astoria Renovation in NYC Resumes After Jobsite Fatality

“In the catwalk area, the worker was walking on top of the drywall ceiling when they fell 40 feet below, landing inside of the third-floor ballroom,” said the New York City Dept. of Buildings in its initial report. Boston-based Suffolk Construction is the general contractor on the project. Credit: AP Photo/Kathy Willens Construction work has resumed on […]

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