The former head of Heathrow Airport expansion Phil Wilbraham has joined Keltbray in a major shake-up of the firm’s senior management.
The company has appointed Wilbraham as chair of Keltbray’s group risk committee as well as a non-executive position on the board of the main company. He formerly held the role…
Latest Business News
Graham reports profit for 2020
Graham has posted an £11.3M profit before tax for the financial year up to 31 March 2020, a 38% rise on 2019 (£8.2M).
The firm has also reported growth in revenue to £853.3M. This is a 16% increase its revenue of £735M in 2019. Each Graham division - building, civil engineering,…
Morgan Sindall to exceed expected profit
Morgan Sindall’s full-year profit will be “slightly” above its expected range of £50M to £60M, it announced today.
The firm revealed the initial target in August but, according to its latest trading update, momentum has “continued to increase” following the Covid-19 disruption in the first half of the year. Morgan Sindall…
Infrastructure growth expected to reach 30% in 2021
Latest market research has suggested that the infrastructure sector will grow by a third next year but there are indicators that it will be slower this winter, according to Arcadis.
In its latest quarterly market review, the consultant also warned that a “two-speed” sector was developing as infrastructure growth outstrips that…
Sir Robert McAlpine issues revenue warning despite recording profit
Sir Robert McAlpine is bracing for a drop in revenues for 2020/21 due to Covid-19 and the subsequent downturn in the economy.
The group issued the warning as it revealed its 2018/19 financial results. The results show a year-on-year increase in turnover and profitability. Profit before tax was £14.5M in 2019…
Network Rail spends record £2.5bn with SMEs
Network Rail spent £2.52bn of its total £7.1bn expenditure with small and medium-sized enterprises (SMEs) in the 2019-2020 financial year, exceeding the government target of 33% to be spent with small and medium businesses.
In total, 35.6% of annual expenditure was spent with SMEs. The number of suppliers contracted directly by…
Impact of Covid-19 begins to show in firms’ balance sheets
The impact of the Covid-19 pandemic has been laid bare by a series of financial results recently released by construction and engineering firms. Big name contractors Galliford Try, Kier, Costain and Amey have all reported losses.
All have felt the effects of forced site closures at the start of lockdown and…
Leading construction lawyer Bill Barton calls for virtual trials to stay
Say it with a whisper, but there is quite a lot we could learn from teenagers. For at least the last decade, the iPhone generation has spent its time effortlessly sliding between the real world and cyberspace, with the likes of FIFA and Fortnite easily connecting gamers the world over.…
TfL boss given redacted version of report on TfL performance
The head of Transport for London (TfL) has been sent a report into his own transport system of over half of which had been redacted.
TfL commissioner Andy Byford revealed that over two-thirds of a draft report undertaken by KPMG into Transport for London was missing after being sent a copy…
Scape fires starting gun on £14bn framework tenders
Scape Group has outlined its plans for the £14bn next-generation construction frameworks following a further £1bn in funding.
The procurement body’s new suite of construction frameworks include the £12bn framework for England, Wales and Northern Ireland, and a £2bn framework for Scotland. The new framework builds on the success of Scape’s…