Construction news

• RSK Group buys temporary site services firm WysePower

  09-01-2023 15:21 via constructionenquirer.com
  Temporary site services specialist WysePower has been acquired by the RSK Group.
  WysePower has been in business  since 1958 and began by providing temporary electrics, hoists, cranes, cabins and general plant.
  Today it is a market leader in temporary site services, with more than 260 directly employed and qualified staff operating from eight regional UK offices along with operations in five European countries.Latest filed accounts for the year to March 31 2021 show WysePower recorded an ann
  
  Read more

• Rye Group achieves carbon neutral status

  09-01-2023 11:52 via constructionenquirer.com
  Demolition specialist Rye Group has achieved carbon neutral status, after switching from standard red diesel to HVO [Hydro-treated Vegetable Oil] Green D+ fuel.
  Rye Group adheres to its own Sustainable Standard philosophy, which encompasses Safety, People, Quality, Environment and Community to ensure all projects are delivered to the highest possible standards, while positively impacting its clients and society as a whole.
  As part of this Standard, the Group pledged in August 2021 to reduce carb
  
  Read more

• United Living Holdings records £21m pre-tax loss

  09-01-2023 09:28 via constructionenquirer.com
  United Living Holdings, the renamed Fastflow Group utility contracting business, has reported pre-tax losses of around £21m for the second year running.
  The firm, which has been built up to a £400m-plus revenue business after several major acquisitions in recent years, said the losses stemmed from £10.6m of costs from legacy contracts and restructuring.
  It also booked non-cash losses of £18.8 from amortisation of goodwill and £9m on interest and loan payments.
  Unite
  
  Read more

• Contractors quizzed on huge green energy network deals

  09-01-2023 08:45 via constructionenquirer.com
  National Grid Electricity Transmission (NGET) is asking interested contractors to help shape the procurement race for massive plans to boost green energy infrastructure investment over the next seven years.
  The transmission network owner is launching its New Infrastructure Delivery Onshore Programme (NIODP) to oversee spending plans up until 2030 as part of the Government’s drive to achieving Net Zero by 2050.
  Work will include the development and construction of over 1,000km of new overhe
  
  Read more

• Advertisement

• Keller fires two staff after unearthing profit reporting fraud

  09-01-2023 08:28 via constructionenquirer.com
  The world’s biggest ground engineering contractor has sacked two staff at one of its businesses in Australia after uncovering serious financial reporting fraud.
  It said the ‘deliberate and sophisticated financial reporting fraud’ at Austral, a civil, mining and marine contractor that contributes around 3% of group revenue, had resulted in overstated profits from 2019 onwards.
  The impact of the fraud on historical operating profits is currently estimated to be £6m related
  
  Read more

• Keller fires two directors after unearthing profit reporting fraud

  09-01-2023 08:28 via constructionenquirer.com
  The world’s biggest ground engineering contractor has sacked two directors at its main businesses in Australia after uncovering financial reporting fraud.
  It said the ‘deliberate and sophisticated financial reporting fraud’ at Austral, a civil, mining and marine contractor that contributes around 3% of group revenue, had resulted in overstated profits from 2019 onwards.
  The impact of the fraud on historical operating profits is currently estimated to be £6m related to the
  
  Read more

• Plans in for £300m Westbank Leeds mixed-use scheme

  09-01-2023 08:05 via constructionenquirer.com
  Plans have been submitted for a £300m major office and hotel scheme in the South Bank regeneration area of Leeds city centre.
  Joint venture developers Stamford Property Holdings and Shelborn Asset Management have submitted plans for Westbank Leeds, which has been designed by DLA Architecture.
  (L to r) Blue glazed facade of hotel with terracotta tiled office buildings
  Located adjacent to the 32-storey Bridgewater Place on Water Lane the plan is to build 500,000 sq ft of offices within four
  
  Read more

• Kier crowned 2022 contracts league champion

  09-01-2023 08:02 via constructionenquirer.com
  A surge of contract wins in the second half of last year saw Kier reign supreme with the greatest haul of new work over 2022.
  The firm took pole position in the contracts league rankings with an total work haul estimated at £3.18bn.
  This was far ahead of second-placed ISG, which jumped to second place, after netting seven projects in December alone worth an estimated total £490m.
  Mace returned to form ranking in third place over the year after failing to make the top 10 firms for the
  
  Read more

• Advertisement

Follow @new_constructio on Twitter!