Balfour Beatty will repay the £19M claimed under the government’s furlough scheme as it continues to recover from the impact of the Covid-19 pandemic.
Results for the year to December 2020 show the firm's pre-tax profits fell to £48M from £138M in 2019 but chief executive Leo Quinn said profits should…
Latest Business News
Podcast | Role engineering has to play in bettering society
The latest episode of The Engineers Collective is out now.
Focusing on ethical engineering, The Engineers Collective welcomes Engineers Without Borders UK head of engineering Emma Crichton to the podcast. Crichton explains how her experience of studying for an engineering degree led her to question the lack of importance given to the…
Highways England seeks consultants to price road jobs
Highways England has extended its search for consultants to join its Cost Planning Service Provider 2021 framework.
The framework will provide cost estimating services for road projects under Highways England’s second road investment strategy (RIS2). The new framework will replace the existing Cost Planning Service Provider framework. A tender notice adds:…
London Power Tunnels boss on why you should #ChooseToChallenge this International Women’s Day
Currently just 12% of those working in engineering across the UK are female. Despite many initiatives to encourage diversity in STEM, these career paths remain predominantly male-led with a lack of diverse role models discouraging uptake amongst underrepresented backgrounds.
The theme of this year’s International Women’s Day, #ChooseToChallenge, offers an opportunity…
The future of engineering means bringing back the construction of Brunel
If you were to get a time machine and bring Isambard Kingdom Brunel to your project site, his mind would be blown.
The technology and tools we have at our disposal, not to mention modern attitudes to safety, specialist roles and the complexity of required outcomes, would be staggering to a…
TfL spend down £285M due to Covid site shutdowns
Transport for London (TfL) spend for the current financial year is £285M lower than this time last year, meeting agenda papers released ahead of next week’s finance committee meeting reveal.
Total capital expenditure is also £57M lower than the Greater London Authority target budget set in December 2020. TfL attributes the…
Firm behind Bristol’s award-winning surfing lake snaps up consultancy in expansion drive
Bristol-based engineering firm Hydrock has announced the acquisition of M&E and sustainability consultancy Kelly Taylor & Associates (KTA).
Hydrock is best known for its award-winning work on the Wave, an artificial surfing lake which claimed the Cultural and Leisure Project of the Year at last year’s British Construction Industry Awards. With…
Galliford Try returns to profit and repays furlough money
Galliford Try returned to profit in the six months to December 2020 after posting a £5.6M loss in the first half of the year.
The firm also plans to repay the £1.5M claimed in government furlough payments after withdrawing from the scheme last August. Overall, the business delivered a pretax profit…
Skills shortage concerns go way beyond Crossrail
A large majority of construction and engineering firms have reported serious concerns about a lack of skilled workers.
A survey by recruitment specialist Search Consultancy found that 85% of engineering and manufacturing firms were being hit by skills shortages, with 83% of construction firms also reporting that they were struggling to…
Budget tackles skills gap with firms incentivised to take on more apprentices
Tackling the UK’s skills gap was put front and centre of the 2021 Budget announced today (3 March).
Chancellor Rishi Sunak has unveiled changes to apprentice structures, a new visa process to access high skilled workers from abroad, as well as programmes to grow home grown technical skills. The government’s Build…