Construction news

• Former Carillion CEO banned for eight years

  04-10-2023 23:52 via constructionenquirer.com
  
  Former Carillion Chief Executive Officer  Richard Howson has been disqualified as a director for eight years.
  An Insolvency Service spokesperson said: “The Insolvency Service, acting on behalf of the Secretary of State for Business and Trade, has accepted a disqualification undertaking from Richard Howson for eight years for his conduct as a director of Carillion Plc.”
  Howson, 55, was the CEO of Carillion from 2011 until 2017.His ban follows an 11-year disqualification for forme
  
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• Sunak’s project plan for £36bn redirected HS2 cash – list

  04-10-2023 14:43 via constructionenquirer.com
  
  Prime Minister Rishi Sunak released details of his alternative plan to redirect every pound that would have been spent extending HS2 into new projects.
  The decision to reinvest the £36bn earmarked for HS2 to Manchester is being promoted as the new Network North programme. In fact, all regions will see some fresh investment in the Prime Minister’s all modes of transport plan.
  Sunak also confirmed today that costs for HS2 phase one had more than doubled from the original estimate of &p
  
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• Sunak’s project plan for £36bn redirected HS2 cash – full list

  04-10-2023 14:43 via constructionenquirer.com
  
  Prime Minister Rishi Sunak released details of his alternative plan to redirect every pound that would have been spent extending HS2 into new projects.
  The decision to reinvest the £36bn earmarked for HS2 to Manchester is being promoted heavily as a Network North transport programme. In fact, all regions will see some fresh investment in the Prime Minister’s all modes of transport spending strategy.
  Nearly £20bn of the alternative programme of transport improvements is concentr
  
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• Galliford Try poaches Skanska procurement chief

  04-10-2023 14:18 via constructionenquirer.com
  
  Galliford Try has hired Skanska director Andrew Spencer to the newly-created role of supply chain and procurement director.As part of his new role, Spencer will be tasked with developing the business’s strategic approach to supply chain management to enhance delivery performance and support the business’s future growth plans.
  Spencer brings more than 25 years’ experience in construction and will report to Sean Blackmore, Technical Services Director.
  Blackmore said: “
  
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• It’s official – “rest of HS2” is cancelled

  04-10-2023 13:29 via constructionenquirer.com
  
  Prime Minister Rishi Sunak has confirmed the rest of the HS2 high-speed rail line outside of the London to Birmingham route already under construction is being cancelled.
  Construction has been braced for bad news on the UK’s biggest infrastructure project following months of speculation over cost increases.
  Sunak attempted to soften the blow to contractors by vowing to spend “every single penny” of the anticipated £36bn saved canning HS2 on northern transport improvements
  
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• Hitachi Rail to sell part of signalling arm in £1.5bn mega-merger

  04-10-2023 11:24 via constructionenquirer.com
  
  Hitachi Rail is to sell part of its mainline signalling business to address competition concerns regarding a £1.5bn merger with Thales Ground Transporation.
  The Competition and Markets Authority accepted the plan following an in-depth investigation into the UK rail signaling market.
  The watchdog previously said the tie-up could harm competition because both businesses were leading suppliers of signalling for mainline and urban railways, along with Siemens and Alstom.The CMA warned that Tha
  
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• British Land multi-storey logistics hub approved

  04-10-2023 08:58 via constructionenquirer.com
  
  British Land has gained planning for its next generation last mile logistics hubs in south London boosting its development pipeline in the capital to 2.9m sq ft.
  The multi-storey hub forms part of British Land’s pipeline of urban logistics projects in Greater London with a development value of £1.3bn.
  The 140,000 sq ft multi-level logistics scheme will be built at Mandela Way, in Southwark obn a former council car pound.The site sits close to the junction of New Kent Road, Old Kent R
  
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• Octavius revenue tops £200m in first full standalone year

  04-10-2023 08:42 via constructionenquirer.com
  
  Private equity-owned civils contractor Octavius, formerly known as Osborne Infrastructure, saw margins squeezed last year as inflation impacted two jobs.
  Reporting its first full year as a wholly independent business, the civils firm’s strategy to focus on existing customer relationships and core capabilities resulted in a successful year for sales, increasing turnover by 13% to £215m.
  But trading margin slid from 3.2% previously to 2.8% due to the two contracts where costs exceeded
  
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• Sutton Council looking to replace Real LSE on major site

  04-10-2023 08:28 via constructionenquirer.com
  
  Council chiefs are looking for a new contractor to complete a major affordable homes job in the London Borough of Sutton after contractor Real LSE filed a notice of intention to appoint an administrator last week.
  The £19.4m-turnover contractor was awarded the £38m job in October 2022 to deliver 92 homes at Beech Tree Place.
  At the time of the award Cllr David Bartolucci, Lead Member for Housing at Sutton said: “Real LSE are vigilant to the present challenges in the constructio
  
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• GMI directors join Artium Construction

  04-10-2023 08:24 via constructionenquirer.com
  
  Two former GMI directors have joined design and build specialist Artium Construction as it continues to grow in the North of England.
  Martin Watson and Joe McDermott have joined the construction subsidiary of the Harrogate-based Artium Group as managing director and director respectively.
  Previously the pair were commercial directors at GMI.They join Garry Shaw who was appointed director of Artium last year and has nearly 20 years of industry experience.
  Artium Group was established in 2022 and
  
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