Latest Business News

Ayesa strategy to include environmental schemes and water infrastructure

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Global engineering company Ayesa has revealed its forward strategy after its subsidiary ByrneLooby rebranded to Ayesa on 19 October, concluding an 18-month integration.

Spain headquartered Ayesa acquired ByrneLooby in February 2022. Ayesa operates in 23 countries and has a 12,000-strong workforce. ByrneLooby, now operating as Ayesa, has offices in the UK,…

Preventative maintenance is key to cost management and staff welfare

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In construction, any machinery breakdown or failure can result in enforced and unplanned downtime, causing financial loss to both the company and the project and lower rates of productivity.

Additionally, a machine or equipment failure can result in an injury in the workplace, or worse, so it is important for…

Civils project starts fall by a quarter but approvals up

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The volume of civils work starting on site in the UK has fallen by a quarter in the past year, research has revealed.

Industry intelligence unit Glenigan found that the value of activity in the sector was 28 per cent lower in the three months to the end of September 2023…

West Midlands boosted by £2.7bn transport investment

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Transport for West Midlands (TfWM) has welcomed a £2.7bn investment into the region’s transport infrastructure.

The Department for Transport (DfT) funding will be used for a wide range of improvements including delivery of the Midlands Rail Hub project. The investment, which will be delivered over the next decade, has been confirmed…

KPMG fined £21M for Carillion audit failures after ‘damning’ findings

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KPMG has been fined £21M for failures in its audit of collapsed construction company Carillion.

Infrastructure giant Carillion went into liquidation in 2018 under a £7bn debt. The irregularities of KPMG's audit of the company were first raised by accountancy watchdog the Financial Reporting Council (FRC) in 2020. The FRC has…

Contractors back Labour pledge to speed up infrastructure planning decisions

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Industry leaders have backed Labour's promise to rewrite all 12 national policy statements (NPS) within six months of taking power in a bid to speed up infrastructure delivery.

Shadow chancellor Rachel Reeves today told delegates at the party's annual conference in Liverpool that the critical documents would be overhauled urgently following…