Latest Business News

Ray O’Rourke delays retirement plans due to ‘economic turbulence’

Making changes: Ray O'Rourke

Laing O'Rourke chief executive Ray O'Rourke will not step down from the role as previously planned, due to the current "economic turbulence".

O’Rourke will remain chief executive for the next two financial years after agreeing with Europe Hub managing director Seamus French that cancelling their proposed handover, announced last year, is…

Procurement begins for £430M Welsh civils framework

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Camarthenshire County Council has fired the starting gun to refresh its £430M regional civil engineering contractors framework.

The south west Wales framework is being procured in association with Ceredigion County Council, Neath Port Talbot County Borough Council, Pembrokeshire County Council and Swansea Council. The framework was launched in 2019 and is…

Ferrovial finally strikes deal to sell Amey

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Ferrovial has agreed to sell Amey to UK investment firm Buckthorn Partners in a deal worth £400M.

It comes four years since Ferrovial first outlined its intention to offload the UK infrastructure firm. Buckthorn is a UK investment firm focused on energy services businesses. Former chancellor Lord Philip Hammond is a…

HS2 seeks artificial intelligence solutions

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HS2 Ltd is seeking artificial intelligence (AI) solutions to help deliver the mega project.

The project promoter has launched its fifth innovation accelerator and has asked start-ups and small and medium enterprises (SMEs) with a technology driven approach to submit applications by 30 October. HS2 innovation manager Jon Kelly said: “Cascading…

Coventry first UK city to trial recycled road resurfacing tech

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Coventry City Council has announced it will use a road surface recycling technique developed by Colas and will become the first UK city to do so.

Recycol is a technique which uses specialist equipment to mill, mix and blend the surface of deteriated roads and relay it in one pass. Cabinet…

TfL reveals plan to plug £740M funding gap

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Transport for London (TfL) has revealed that it will make up its £740M funding shortfall through reducing its cash reserves, halving its operating contingency and increasing efficiencies, among other measures.

The capital’s transport operator agreed a £3.6bn funding settlement with the Department for Transport (DfT) at the end of August, but…

Atkins appointed to design £500M hydrogen plant in Scotland

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Atkins has signed a key contract to deliver the design for INEOS’ £500M ‘world-scale’ low carbon hydrogen plant at Grangemouth.

The hydrogen plant is expected to be operational by 2030 and will further reduce emissions from the site by 1M.t per year. INEOS Grangemouth sustainability director Colin Pritchard said: “Atkins is…