Latest Business News

The ICE has relaunched its Anti-Racism Toolkit, demonstrating its ongoing commitment to equality, diversity and inclusion (EDI).

The Anti-Racism Toolkit Version 2 builds on feedback and new insight from the first edition, published in 2021. The toolkit aims to help organisations with training and development materials as well as practical steps…

This year's TechFest Awards shortlist has been revealed, celebrating the latest construction and infrastructure industry innovations.

The panel of expert judges have considered entries from firms putting technology into action to deliver on a range of objectives including carbon reduction, artificial intelligence and health and safety. Arup dominates the list with…

Global independent investment management firm DIF Capital Partners (DIF) has announced the divestment of its 10.66% shareholding of London's new super sewer as the project moves towards completion.

The project was initally promoted by Thames Water, which oversaw the design, planning and procurement prior to construction. In 2015, Ofwat awarded DIF,…

Falling commodity prices are not expected to counteract soaring energy prices in the next year, resulting in inflationary pressures impacting the construction sector through most of 2023, according to new research.

The prediction made in Arcadis' latest Market View report also suggests that the sector is entering a recession, which although…

Network Rail profits fell by 80% year-on-year despite revenue remaining relatively stable.

For the 2021/22 financial year, Network Rail recorded a £324M pre-tax profit. That is down from the £1.6bn profit recorded in the previous financial year. The profit dip has been blamed on inflationary-related cost pressures, with revenue only dipping…

While the summer months are quieter in terms of news and high-level changes, there have been significant new appointment at British Water, Balfour Beatty and Ramboll, to name a few, while Willmott Dixon has created a brand new director role.

A round up of the biggest moves and appointments during August…

Thousands of construction workers are to benefit from Kier’s revised sick pay policy.

Following a campaign by Unite, Kier has agreed to implement sick pay across the company. It means the contractor’s 10,800-strong workforce will now receive sick pay of up to £100 per day from day one of their illness,…

With SMEs in the North under significant financial distress now is prime time to consolidate supply chains to the betterment of the construction industry and wider economy.

In 2016, the government formally launched its Northern Powerhouse scheme, designed to bolster historically neglected economies outside of London. Six years later and…

The construction and engineering sector is enjoying "healthy" levels of dealmaking activity despite fears of wider economic recession, according to leading accountant PwC.

The accounting giant said one of the key drivers of current acquisition activity was the sector’s renewed focus on environmental issues. PwC pointed to recent "standout" deals such…

Construction output declined last month for the first time since January 2021 but materials price pressures are starting to level off, according to data collected by industry analysts.

The July edition of UK Construction PMI, compiled by S&P Global and the Chartered Institute of Procurement & Supply, shows that residential and…