News

Royal Bam confirms new chief financial officer

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This story was written with AI assistance from Harmsworth Who is Harmsworth? Royal BAM Group has appointed Henri de Pater as its new chief financial officer following shareholder approval at the company's annual general meeting yesterday (8 May). De Pater most recently served as executive director of finance for the…

SIG chief executive to step down for Travis Perkins role

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This story was written with AI assistance from Harmsworth Who is Harmsworth? SIG chief executive Gavin Slark has announced plans to leave the company at the end of the year to take up a senior role at Travis Perkins. Slark will continue to lead the building materials distributor through a…

Kier signs contract for Great Yarmouth college revamp

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This story was written with AI assistance from Harmsworth Who is Harmsworth? Kier has signed a contract with the Department for Education (DfE) to deliver a major redevelopment of East Coast College’s Great Yarmouth campus. The project, which will begin in May 2025, is part of the £1.5bn Further Education…

Balfour Beatty shareholders revolt over CFO pay package

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Nearly a third of Balfour Beatty’s shareholders rebelled against a pay package increase for chief finance officer Philip Harrison at the company's annual meeting this morning (8 May). The UK’s biggest contractor saw 70.25 per cent of its shareholders vote in favour of the 2024 remuneration report in the firm’s…

Not the cruellest month: April data shows fewer business collapses

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Construction firm failures in April decreased by almost a third compared with the previous month. This reversed a trend seen in February and March when administration figures soared, with the number of firms going under rising to 32 and 31 respectively. Data from Creditsafe shows that 21 firms entered administration…

Warning over disposal costs in wake of landfill tax reform

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The government has been warned that its plan to ditch the lower level of landfill tax for less-polluting materials risks hitting construction and demolition firms with an unsustainable increase in disposal costs. Treasury proposals to reform landfill tax would see the lower rate of £4.05 per tonne gradually increase until…

Retirement village blaze court case collapses

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A trial over alleged fire safety breaches by four firms – including a Morgan Sindall subsidiary – following a huge blaze at a retirement village has collapsed after less than two days. Cheshire Fire and Rescue Service (CFRS) said it was withdrawing its case, which was being heard at Chester…