Construction news

• Costain returns to FTSE 250 index

  27-02-2026 14:48 via constructionenquirer.com
  Costain is returning to the FTSE 250 index for the first time in more than 20 years.
  The re-entry comes after years of consistent financial performance and ahead of a results announcement for the year ended 31 December 2025 on 10 March 2026.
  Alex Vaughan, Chief Executive Officer of Costain, commented: “I am extremely proud of the whole Costain team and the role they have played in achieving Costain’s return to the FTSE 250.“This significant milestone follows what has been a sus
  
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• Hill go-ahead for £850m North London estate rebuild

  27-02-2026 09:13 via constructionenquirer.com
  North London council Enfield has given housing contractor Hill the green light to start its major 2,000 home estate rebuild.
  Enfield Council cabinet has approved revised phasing for the £850m, 20-year overhaul of the Edmonton estate, clearing the way for construction of the first 270 affordable homes to start in early summer.
  In total, the phased redevelopment of the Joyce Avenue and Snell’s Park estates will replace 795 ageing properties with modern homes, around half set to be genu
  
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• Orders drop deepens two-speed civils market

  27-02-2026 09:10 via constructionenquirer.com
  Order books across the civils sector have slumped to their weakest position since 2020 despite workloads edging back into growth at the end of last year.
  According to the latest work trends survey from the Civil Engineering Contractors Association a balance of 17% of firms reported higher workloads in Q4 than a year ago, reversing the dip seen in Q3.
  But order books barely shifted, with a balance of just 3% reporting growth – the lowest reading since 2020 Q3 and a warning that the forward
  
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• Materials firms sound alarm to Rachel Reeves

  27-02-2026 08:55 via constructionenquirer.com
  Leading construction materials firms have written to Chancellor Rachel Reeves warning of a looming production crisis in the sector.
  The Mineral Products Association letter states: “Right now, our industry is struggling badly. We need you to act quickly to stimulate construction activity in order to prevent long term damage to the nation’s ability to build.”
  The MPA has just recorded the fourth consecutive year of a shrinking market for key construction materials leaving sales v
  
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• Carey Group powers into third year of recovery with 3.5% margin

  27-02-2026 08:14 via constructionenquirer.com
  Carey Group has completed a decisive turnaround with a third straight year of recovery delivering stronger margins, rising profits and a growing cash buffer.
  The civils and construction group has posted pre-tax profit of £11.1m for the year to 30 September 2025 up 50% on last year.
  Turnover fell 22% to £303m as the firm stuck to strict contract selection and refused to chase revenue at the expense of return.
  The strategy saw operating profit climb 40% to £10.6m pushing operatin
  
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• Salford former union HQ to become uni hub

  27-02-2026 08:08 via constructionenquirer.com
  A long-vacant University of Salford building is poised for a comeback after plans were lodged to refurbish Faraday House as part of the £2.5bn Crescent Salford masterplan.
  Development partnership ECF has submitted proposals alongside Salford City Council and the University of Salford to transform the building on the A6 next to Irwell Place Car Park.
  The scheme sits within the wider 240-acre Crescent Salford regeneration programme reshaping this stretch of the city.Originally built as headq
  
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