The ICE has launched a consultation on the climate resilience of UK infrastructure.
The consultation responses will be used to form a green paper entitled How can the UK’s infrastructure be made more climate resilient? In particular, the Institution is seeking written responses on seven questions to gather expert insight on…
Keller Group has announced that it has identified a financial reporting fraud in its Austral business in Australia.
As a result of the "apparently deliberate and sophisticated financial reporting fraud", identified following an internal management operational review, two individuals have been dismissed. Austral, contributing around 3% of group revenue, is…
The last year has been challenging for supply chains, with 2023 set for similar pressures and a raft of new legislation to boot. But forewarned is forearmed.
There are seven key issues companies should be aware of when shoring up supply chain resilience for the year ahead. Public procurement changes…
Disruption during the Covid-19 pandemic drew attention to both the importance and the fragility of the world’s complex supply chains. Almost every sector felt its effects in some way, including the biggest companies globally. Fortune discovered that 94% of the companies on its Fortune 1,000 list had suffered supply-chain challenges.
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Ferrovial has completed the sale of Amey to UK investment firm Buckthorn Partners in a deal worth £400M.
Ferrovial expects a capital gain of £48M after charging reserves for translation differences and interest rate hedges to profit and loss. Buckthorn is a UK investment firm focused on energy services businesses. Former chancellor Lord…
The special purpose vehicle (SPV) set up to manage Birmingham’s roads maintenance contract will receive a final £35M payment from Amey once the takeover of the company is completed.
Amey bought itself out of the PFI contract in 2019 for £215M, following five years of legal wrangling between the contractor and…
The former chief executive of Amey Andy Milner will return to head up the firm after ownership has been transferred from Ferrovial to Buckthorn and One Equity Partners.
Ferrovial reached an agreement to sell Amey to Buckthorn/One Equity Partners for £400M in October. Completion of the deal is subject to regulatory…
The boss of a Scottish-based civil engineering firm has been banned from taking up director positions for 11 years after abusing Covid support loans.
Glasgow based John Gerard McGarvey, 37, from Rutherglen, claimed two separate Bounce Back Loans totalling £100,000, and then used the money for personal benefit. McGarvey was the…
CRH Group has announced it is considering putting Farrans up for sale after detailing plans for "divestment" in a strategic review.
The Dublin-based construction giant is yet to make a final decision on whether it will sell its Northern Ireland operation though. In a statement issued to the Belfast Newsletter, a…
West Yorkshire Combined Authority (WYCA) is poised to put a pause on 42 transport schemes facing inflationary pressures as it attempts to save £270M and create headroom for other projects to proceed.
The Authority’s Finance, Resources and Corporate Committee (FRCC) has carried out an inflation review of transport infrastructure schemes that…
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