Infrastructure firm M Group Services has taken another step towards acquiring Skanska UK’s infrastructure services operation, with contracts exchanged for the £50M deal.
Completion is expected in 2021. Skanska’s announced it was putting the business up for sale in February. The operation covers highways maintenance, street lighting, rail and highways projects.…
Chancellor Rishi Sunak has announced that a UK Infrastructure Bank will be in place by the Spring.
Sunak announced the plans for a UK Infrastructure Bank, as part of his Spending Review announcement. It came alongside the long-awaited National Infrastructure Strategy, which included other announcements including a full commitment to fund…
2020 has been a year of challenge and change. For Ramboll it has also been a year to reflect on where it has come from.
In October the engineering and environmental consultant celebrated the 75th anniversary of its foundation, just after World War 2. In 1945 Børge Johannes Rambøll and Johan…
Covid-19 continues to impact the engineering and construction industry, presenting challenges and uncertainty for the entire supply chain.
Despite activity picking up since the national lockdown in spring – and the promising breakthroughs in vaccine development – a quick recovery is not expected and a full recovery not taken for granted.…
The former head of Heathrow Airport expansion Phil Wilbraham has joined Keltbray in a major shake-up of the firm’s senior management.
The company has appointed Wilbraham as chair of Keltbray’s group risk committee as well as a non-executive position on the board of the main company. He formerly held the role…
Graham has posted an £11.3M profit before tax for the financial year up to 31 March 2020, a 38% rise on 2019 (£8.2M).
The firm has also reported growth in revenue to £853.3M. This is a 16% increase its revenue of £735M in 2019. Each Graham division - building, civil engineering,…
Morgan Sindall’s full-year profit will be “slightly” above its expected range of £50M to £60M, it announced today.
The firm revealed the initial target in August but, according to its latest trading update, momentum has “continued to increase” following the Covid-19 disruption in the first half of the year. Morgan Sindall…
Latest market research has suggested that the infrastructure sector will grow by a third next year but there are indicators that it will be slower this winter, according to Arcadis.
In its latest quarterly market review, the consultant also warned that a “two-speed” sector was developing as infrastructure growth outstrips that…
Sir Robert McAlpine is bracing for a drop in revenues for 2020/21 due to Covid-19 and the subsequent downturn in the economy.
The group issued the warning as it revealed its 2018/19 financial results. The results show a year-on-year increase in turnover and profitability. Profit before tax was £14.5M in 2019…
Network Rail spent £2.52bn of its total £7.1bn expenditure with small and medium-sized enterprises (SMEs) in the 2019-2020 financial year, exceeding the government target of 33% to be spent with small and medium businesses.
In total, 35.6% of annual expenditure was spent with SMEs. The number of suppliers contracted directly by…
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