Construction news

• Cardo Group completes an acquisition hat-trick

  14-09-2023 15:38 via constructionenquirer.com
  
  Cardo Group has completed its third acquisition in four months with the purchase of building maintenance specialist Jefferies Contractors.
  This latest acquisition takes the social housing maintenance group’s annual turnover to £115m, directly employing over 650.
  Investor-backed Cardo Group was established four months ago through the purchase of £50m turnover Welsh social housing contractor LCB Group.LCB Group managing director, Liam Bevan, then became CEO of the newly-formed op
  
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• Fresh blow to house builders as Lords sink pollution reforms

  14-09-2023 12:11 via constructionenquirer.com
  
  Government plan to relax rules around water pollution to enable the construction of thousands of new homes have been blocked by the House of Lords.
  House builders’ hopes of a fresh stimulus were dashed last night when The House of Lords voted by 203 to 156 to reject a government amendment to the Levelling-up and Regeneration Bill.
  The amendment was part of the Government’s planned relaxation of river pollution rules designed to allow development in areas previously impacted by nutrie
  
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• Algeco in restructure after Mobile Mini acquisition

  14-09-2023 10:50 via constructionenquirer.com
  
  Algeco is bringing together the recently-acquired Mobile Mini UK operation into a single business under the main Algeco brand.
  Algeco acquired Mobile Mini earlier this year adding 375 employees and an annual revenue of approximately £80m.
  The move will result in some job losses starting with the proposed closure of the Algeco Peterborough office.Keith Dorling, UK Managing Director, said: “We are executing a transformational change to position Algeco for long-term growth. As part of t
  
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• Prater bust-up with Balfour Beatty at £200m London flats job

  14-09-2023 09:17 via constructionenquirer.com
  
  Envelope specialist Prater has terminated its contract in a row with Balfour Beatty on the £200m Lewisham Gateway residential scheme.
  The large project consisting of over 600 flats was due to complete this Autumn but is understood to be running up to a year late.
  The phase two project of the big south London regeneration scheme was started during the Covid epidemic and has also being impacted by construction inflation.
  According to project sources Balfour site bosses are refusing to pay fo
  
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• Green light for Canada Water commercial scheme

  14-09-2023 09:05 via constructionenquirer.com
  
  Southwark Council has resolved to grant permission for detailed designs for a 1.5 million sq ft commercially-led scheme in Canada Water.
  Developer Art-Invest Real Estate is looking to transform the 4.5-acre site into Canada Water Dockside – a new workspace hub offering  Grade A, sustainability-led buildings with new places to eat, drink and relax fronting the water’s edge, surrounded by 130 acres of open green space.
  The reserved matters applications approved by Southwark includ
  
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• Profits rebound at Kier as margin rises to 3.9%

  14-09-2023 08:54 via constructionenquirer.com
  
  A strong performance at Kier’s infrastructure and construction division saw profits rebound despite ongoing inflationary pressures in the market.
  Pre-tax profit in the year to 30 June soared to £52m, up from £16m previously, after revenue grew 7.5% to £3.4bn.
  The improved performance, which saw group margin increase to 3.9%, prompted Kier to announce it would be resuming dividend payments to shareholders in the year ahead.Andrew Davies, chief executive, said: “The g
  
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• Groundworker crushed by drainage pipes

  14-09-2023 08:20 via constructionenquirer.com
  
  Two construction companies have been fined a total of £120,000 after a groundworker suffered horrific injuries when heavy drainage pipes fell on top of him.
  Anthony Pennell was rushed to Royal Stoke University Hospital having sustained several fractures to both sides of his pelvis, as well as a fractured vertebrae and bleed on the spine, following the incident at a site in Fradley Park, Lichfield on 3 September 2019.
  Pennell, who was 32 at the time, spent nine days in hospital before he wa
  
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