Construction
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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Construction output bounces back

Construction output bounces back

Construction output increased in September, leading to the Federation of Master Builders saying this could result in increased employment opportunities.The IHS Markit/CIPS UK Construction Total Activity Index registered 56.8 in September, up from 54.6 in August. Any...

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JV partner sought for £600m Olympic park scheme

JV partner sought for £600m Olympic park scheme

The corporation in charge of the Olympic park site in London is seeking a development partner to help deliver 1,200 new homes in the area. The London Legacy Development Corporation (LLDC) has valued the development of two new neighbourhoods at £600m. The sites are in...

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