Browsing Category

Business

1827 posts
HS2: not just a rail construction project
Read More

HS2: not just a rail construction project

The temporary access road in CalvertClosely following the route of the new high speed railway, the road is designed to carry around 500 vehicles a day – helping to get people, equipment and materials to rural construction sites. Built by main works contractor EKFB (Eiffage, Kier, Ferrovial and Bam Nuttall),  the first 11 mile (18km)…
Easter holidays shrink pay packages
Read More

Easter holidays shrink pay packages

Subcontractor earnings dipped nearly 7% in AprilHudson Contract said average weekly earnings for self-employed tradespeople in construction fell by 6.9% in April, compared to March, down from £959 to £893. Earnings were also 2.2% lower in April 2022 than they were in April 2021. Earnings reached in March this year matched the record high seen…
Price inflation outstrips volume growth for builders merchant
Read More

Price inflation outstrips volume growth for builders merchant

There was just a 1.5% increase in the volume of goods leaving Britian’s builders merchants in the first quarter of 2022, compared to 2021, but a 17.7% rise in the value of sales. The latest report from the Builders Merchant Federation (BMF) Builder Merchants Building Index (BMBI) illustrates the impact of price inflation, driven by…
Taxpayer underwrites construction company loan
Read More

Taxpayer underwrites construction company loan

UK Export Finance, the government’s export credit agency, is underwriting a loan of £50m that Mace has agreed with the investment bank JP Morgan. The loan is not tied to any specific export project but  can be used across multiple projects. It includes sustainability targets to incentivise the company to reduce its carbon consumption. Sustainability…
Bowmer & Kirkland tops £1bn again
Read More

Bowmer & Kirkland tops £1bn again

Chairman Jack KirklandFor the year to 31st August 2021, Bowmer & Kirkland’s turnover was up 6% to £1.18bn (2020: £1.11bn) and pre-tax profit was up 23% to £65.3m (2020: £53.2m). It was the third consecutive year that Bowmer & Kirkland turned over more than £1bn Net assets grew during the year to £551m (2020: £508m)…