Latest Business News

Amey sale latest as ‘deadline’ passes

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The stage of Ferrovial’s attempts to sell Amey could enter a new chapter this week after a deadline for bids apparently passed.

Sky News reported earlier this month that the Spanish parent company had asked for offers by Friday 13 August for the Oxford-based infrastructure services and engineering firm. Ferrovial bought…

Identifying the ‘design gap’

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Having an enforced stoppage due to the first lockdown gave me the head space to notice things about the business that had become habitual and were just accepted as a cost.  I kept coming back to something which I christened the ‘design gap’; where the client, for whatever reason, tries…

Cleveland Bridge to make 53 roles redundant

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Stricken steel specialist Cleveland Bridge is to make 53 workers redundant, administrators have confirmed.

The Darlington-based bridge specialist, which has built some of the most famous steel structures in the world including the Sydney Harbour Bridge, appointed administrators from FRP Advisory on 22 July.  In a statement joint administrators Martyn Pullin,…

Cleveland Bridge to resume production work this week

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Cleveland Bridge is to resume production this week after an agreement was reached between administrators, worker representatives and local political leaders.

Joint administrators Martyn Pullin, David Willis and Iain Townsend from business advisory firm FRP were appointed to Cleveland Bridge UK on 22 July. While administrators look for a buyer for…

Civils activity rockets but road sector slumps

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Civil engineering project starts rose by over 50% in the second quarter of 2021 compared ot the previous year, new analysis from data firm Glenigan has found.  A total of £5.1bn of civil engineering work took place onsite in the quarter between April and June, up 58% on 2020 and…

American giant buys majority stake in Turner & Townsend

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CBRE Group has acquired a 60% stake in UK consultant Turner & Townsend.

The deal is worth approximately £960M, with 55% paid upfront. CBRE Group is an American commercial real estate services and investment firm and is widely regarded as the largest commercial real estate services company in the world. The…