Construction
DfE’s £7bn framework out for tender

DfE’s £7bn framework out for tender

The Department for Education is searching for contractors on a new £7bn construction framework. The four-year agreement will cover all types of education buildings in England, from schools to university technical colleges. Other public bodies will also be free to use...

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10 companies to watch in 2021

10 companies to watch in 2021

This year will prove pivotal not just for the construction industry but the entire UK and global economy. Financial pressure, changes in demand and accelerations in technological adoption have forced some radical changes upon the UK construction industry. The...

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Colas Rail profit triples

Colas Rail profit triples

Colas Rail tripled its operating profit last year, accounts released this morning show. Operating profit at the French-owned firm jumped to £16.2m in the year ending 31 December 2019, compared to £5.1m the prior year. The company reported a more modest increase in...

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Ex-Carillion finance chief lands Murphy CFO role

Ex-Carillion finance chief lands Murphy CFO role

A former Carillion finance director has been appointed as Murphy’s new chief financial officer.Joe Ledwidge has joined the north London-based contractor from Morgan Sindall Construction & Infrastructure where he has been finance director for the past eight years....

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Graham’s turnover jumps £100m

Graham’s turnover jumps £100m

Turnover at Graham hit £853m in its last financial year, new accounts have revealed. The figure, for the year to 3 March 2020, increased more than £100m on the £735m it reported in its previous financial year. Pre-tax profit was also up at £11.3m for the Northern...

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Mitie cuts price of Interserve deal by £80m

Mitie cuts price of Interserve deal by £80m

Mitie has cut the price of its agreed takeover of Interserve’s facilities management division by £80m. In June, the facilities management giant agreed to acquire Interserve FM for £271m but, in a trading update today, Mitie announced it had amended the terms so that...

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