Latest Business News

Tall building steel demand demonstrates market confidence

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Steel orders for multi-storey office blocks reached an all-time high last year.

In 2022, overall demand for steelwork rose by more than 11% (year-on-year) to 894,000t, according to research by Construction Markets for Steel for Life and the British Constructional Steelwork Association (BCSA). An all-time high 77.2% market share for steel…

Why KPIs will be more important than ever this year

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As UK businesses will once again be feeling financial strains, they will be taking steps to prepare for tightening economic conditions and finding ways to be resilient.

It is imperative that engineering firms remain forward-thinking when it comes to doing more with their key performance indicators (KPIs), making smarter informed,…

Contractors wanted for enabling infrastructure work on £170M Scots redevelopment

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North Ayrshire Council is seeking enabling works contractors for a £170M redevelopment of a former industrial site.

The council requires contractors to carry out construction of enabling infrastructure works to facilitate the development of the former industrial Ardrossan North Shore site. These works include construction of a coastal revetment, coastal pathway,…

Amey appoints former energy minister as new chair

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Amey has appointed Margaret Thatcher’s energy minister as its new chairman.

Lord Colin Moynihan replaces Ian Tyler, who has served as chairman for Amey since 2018, with immediate effect. Moynihan served as both energy minister for Thatcher and John Major’s governments and has held a number of other positions in Parliament,…

More National Highways suppliers to benefit from project bank accounts

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National Highways is changing the scope of its project bank account (PBA) scheme so all tier 1 contractors and tier 2 sub-contractors will become automatic beneficiaries on new contracts.

PBAs were first introduced in 2012 to ensure monies are held in trust in the event of lead contractor insolvency. National Highways…