Construction news

• First nuclear fusion plant to be built in Nottinghamshire

  03-10-2022 20:32 via constructionenquirer.com
  West Burton power station site in Nottinghamshire has been selected as the home for the UK’s prototype fusion energy plant.
  The government said that the West Burton coal power station site has been selected as the home for ‘STEP’  – Spherical Tokamak for Energy Production.
  The prototype fusion energy plant is expected to cost upwards of £2bn and could be operational by 2040.Fusion is based on the same physical reactions that power the sun and stars, combining t
  
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• Wates Pre-Construction Director joins rival Real

  03-10-2022 14:17 via constructionenquirer.com
  Contractor and developer Real has appointed Matt Smith as Pre-Construction Director.
  Smith joins from Wates Residential where he has worked for more than 15 years during an extensive career in construction bidding.
  Smith started with his first role at Wates as Bid Manager, progressing onto numerous positions within the  organisation including Bid Centre Manager, followed by his most recent role as Pre Construction Director.Initially trained as an estimator, Matt has over 30 years’ exp
  
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• O’Connor Utilities buys fibre optic specialist

  03-10-2022 09:02 via constructionenquirer.com
  Private equity-owned utilities contractor OCU Group has bought Leeds-based fibre-optic specialist InICT.
  The deal for the £10m revenue fibre optic cable installer gives O’Connor Utilities a stronger foothold in the Government’s £5bn Project Gigabit.
  Adrian O’Sullivan, managing director of O’Connor Utilities, said: “The investment in InICT is part of our strategy to add to our own expertise across the north of England for both the telecoms and multi-utili
  
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• O’Connor Utilities buys fibre optic installer

  03-10-2022 09:02 via constructionenquirer.com
  Private equity-owned utilities contractor OCU Group has bought Leeds-based fibre-optic specialist InICT.
  The deal for the £10m revenue fibre optic cable installer gives O’Connor Utilities a stronger foothold in the Government’s £5bn Project Gigabit.
  Adrian O’Sullivan, managing director of O’Connor Utilities, said: “The investment in InICT is part of our strategy to add to our own expertise across the north of England for both the telecoms and multi-utili
  
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• Chancellor does U-turn on top rate tax cut

  03-10-2022 08:57 via constructionenquirer.com
  Chancellor Kwasi Kwarteng has confirmed he will not be cutting the 45p rate of income tax on people earning more than £150,000 a year.
  Kwarteng said the planned top rate tax cut had become a “distraction” from the Government’s growth package unveiled ten days ago.
  Since then the markets have been in meltdown and opposition to tax cuts for highers earners has grown.Kwarteng said: “From supporting British business to lowering the tax burden for the lowest paid, our Gr
  
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• BAM accelerates net zero target to 2026

  03-10-2022 08:46 via constructionenquirer.com
  BAM’s UK & Ireland operations have set an ambitious carbon target to become net zero in their direct operations by 2026. 
  The target is more ambitious than the Royal BAM Group’s aim to reduce its direct emissions intensity by 80% by 2026 from 2015 levels.
  BAM is ruling out counting electricity from green energy tariffs towards its net zero emissions and said it would not be relying heavily on carbon offsets.
  John Wilkinson, chief operating officer of BAM UK & Ireland, sa
  
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• Brickability buys ET Clay Products for £11.6m

  03-10-2022 08:33 via constructionenquirer.com
  Construction materials distributor Brickability Group has acquired brick supply specialist ET Clay Products for £11.6m.
  Established over 25 years ago, ET Clay Products is a specialist supplier of UK and imported clay facing bricks and high quality handmade and handcrafted clay roof tiles.
  Operating out of three yards, in the year to 30 July 2022, ET Clay Products generated unaudited revenues of £44.3m and adjusted EBITDA of £3m.
  The acquisition is being structured by an initial
  
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• L&G modular homes amassed loss deepens to £174m

  03-10-2022 08:15 via constructionenquirer.com
  L&G’s modular housing business has seen accumulated reported pre-tax losses reach £174m since it was set up six years ago.
  Legal & General Homes Modular recorded a £37m pre-tax loss last year.
  But the business, which operates from its 550,000 sq ft modular factory in Sherburn-in-Elmet, near Leeds, did record its first revenue of £12m since being established.Sales finally got going as site developments at Broadstairs in Kent, Selby in North Yorkshire and North Hors
  
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• Thompsons claims UK biggest blow down at Redcar

  03-10-2022 08:14 via constructionenquirer.com
  Specialist contractor Thompsons of Prudhoe this weekend pulled off what is being claimed as the largest single explosive demolition operation in the UK for 75 years.
  The 65m high Basic Oxygen Steelmaking Plant in Redcar was levelled with 1.6 tonnes of explosives.There were three blasts over a seven-second period bringing down the 60,000-tonne structure.
  The cost of demolition, construction and site remediation at the Teesworks regeneration site is forecast to be more than £180m in 2022-23.
  
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