M&A

The 20 best-paid construction plc bosses revealed

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Leading construction bosses at the top listed firms have benefited from increased pay over the past year, in contrast to their counterparts in other sectors

CN100 2019: The top 100 UK contractors

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In the first full post-Carillion assessment of the finances of the UK's 100 largest contractors, conservative trading is the name of the game as clients seeks more financially secure partners. Finance editor David Price explores why big is no longer beautiful in the construction industry

Can LADs be recovered after termination of a construction contract?

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The Court of Appeal has in the recent case of Triple Point Technology Inc v PTT Public Co Ltd (Triple Point) handed down judgment to clarify the law on whether an employer can recover liquidated ascertained damages (LADs) after termination of a contract. The good news, if you are a…

Amey’s 2018 accounts: 5 things we learnt

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Amey released its accounts for 2018 this morning, revealing a £428m pre-tax loss. We've identified five key factors that reveal what went wrong, and how the company has kept going. Support from Ferrovial Amey has now lost more than £662m over the past three years, which would be enough to sink…

The new VAT rules: Ready? Steady? No

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Experts are worried about the major tax change that will hit the construction industry in a little over two months time. David Price takes a look at the complications and why there has been so little awareness of the changes.

Boris Johnson must back infrastructure in the Spending Review

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The Conservative Party leadership election was always going to centre on the UK’s Brexit-negotiation strategy. But it's domestic policy that will determine the long-term economic prospects of London and the UK – and, of course, the success of the next government. The newly appointed prime minister has outlined some policies…

Davies needs Kier staff to buy into his plan

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Kier has today unveiled a fresh attempt to try and reduce debt, shore up its balance sheet and ensure it doesn't suffer the same fate that this week befell yet another top 100 contractor in Shaylor Group. Its share price hit record lows on Friday on news it would sell…

Failure to act now will be a legacy never forgiven

Robert Vickers chief executive Clugston Group

The construction industry faces one of the most difficult times I have experienced in my 35 years in the industry. The financial turmoil of 2008 was difficult, but the current economic and political environment has created a level of uncertainty that is having an unprecedented impact, be it through delayed…