Construction Industry News

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Schools contractors will require investment grade credit rating

The schools capital agency says privately financed projects will have to achieve triple B minus credit rating to draw down funding

Government doubles renewable heat subsidies

Renewable Heat Premium Payment increases to help boost industry while another government scheme is delayed

New boss of Cabe appointed

Former director at Capita Symonds and Shepheard Epstein Hunter takes up post

Government construction pipeline falls by 11bn

Lack of new opportunities ahead of spending review sees value of construction pipleline fall by a third

Contractor picked for 33m priority schools

Exclusive Wates has won a 33m batch of schools in the east of England

Mitie exits M E market

Tightening margins sees firm close its M amp E businesses

Revealed Fly through of Herzog s Oxford uni project

Herzog amp de Meuron and Laing O Rourke s 30m Blavatnik School of Government wins planning permission

Contractor chosen for 30m batch of schools

Kier has won a 30m batch of schools in the south of England

Mott MacDonald profit up 15

Solid set of results show revenue and profit growth

One in five joint ventures end in dispute

EC Harris construction disputes report also finds value and duration of disputes also on the rise

Inquest details kidnapped QS s death

Friendly fire ruled out after failed rescue attempt in Nigeria

Cinema complex to be dismantled over 75 cm error

Developer confirms St Neots scheme built in wrong place

M E firm Farrelly in administration

Family run West Midlands firm becomes the latest M amp E firm to fall into hands of administrators

Homebuyers wary of Green Deal debts

Survey finds home buyers are unwilling to take on Green Deal debts

Carillion bags 47m priority schools job

Exclusive Carillion has won a 47m batch of schools in the North west of England

Watchdog to spend more time on May Gurney takeover

Office for Fair Trading extends period for examining Kier s proposed 221m takeover with May Gurney

More senior figures to leave Lend Lease amid shake up

Exclusive Two further senior figures are set to leave contractor Lend Lease following news that managing director Michael Dyke left his post

EDF delays Hinkley funding until at least September

Exclusive 10bn nuclear plant project six months behind revised schedule with half of jobs on site now at risk

BRE s housing plan rejected over lack of sustainability

Council says plans for Watford homes would put more pressure on schools and create more traffic

Sweett back to business as usual as coup fails

Consultant to restart search for new institutional investors after takeover bid by Francis Ives failed

Nuclear boss quits Laing O Rourke

Norman Haste played key role in winning 2bn Hinkley job

UK business needs better infrastructure

Chair of Port of London Authority tells BCO conference that improving the UK s transport infrastructure is vital

Styles Wood expects to make half year loss

Fit out specialist braced to go into the red for first six months of 2013

Miliband policy adviser backs Heathrow expansion

Lord Adonis tells BCO conference that Heathrow expansion is the only credible option for solving airport capacity crunch

Severfield Rowen plans 93 job cuts

Redundancies come as steel specialist implements restructure

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