Latest Business News

Mace awarded contract to expand infrastructure of Peruvian football club

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Mace will deliver infrastructure improvements for one of Peru’s most popular football teams, Alianza Lima.

The UK contractor, who worked on the £800M Tottenham Hotspur Stadium, has signed the agreement to remodel the Alejandro Villanueva Stadium site. The contract will also see Mace develop masterplans which will be the basis for…

WSP takeover of RPS hijacked by Tetra Tech

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Tetra Tech looks to have hijacked WSP’s takeover of UK consulting engineer RPS.

Last month, the board of RPS approved a £625.9M takeover bid by WSP, pending shareholder agreement in the deal. However, Tetra Tech has now submitted its own takeover bid of £636M. RPS board has subsequently withdrawn its recommendation…

What construction industry wants from the ‘mini-Budget’

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The construction industry has set out its priorities for the new government ahead of today's 'mini-Budget'.

A full-scale Budget from new chancellor Kwasi Kwarteng is still expected later this year but no date has been set. In the meantime, measures to boost the economy will be unveiled today as the cost…

WSP completes £1.5bn acquisition of Wood’s infrastructure business

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WSP has completed its previously announced purchase of the environment and infrastructure (E&I) business of John Wood Group for more than £1.5bn.

WSP Global announced the acquisition of the E&I division of the British engineering business - commonly known as Wood - through a sale and purchase agreement on Wednesday 21…

Balfour poaches National Highways major projects boss to run civils division

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Balfour Beatty has appointed Peter Mumford as managing director of its UK Construction Regional Civils business unit in England and Wales.

Mumford joins from National Highways where he was executive director of major projects and capital portfolio management. At Balfour Beatty, Mumford will be responsible for providing strategic leadership to the…

Jacobs announces new chief executive

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Jacobs current President and chief operating officer Bob Pragada will take up the role of chief executive in the new year.

Pragada will succeed current chief executive Steve Demetriou, effective 24 January 2023. Demetriou will continue as executive chair of the board of directors, after serving seven years as chief executive.…