Latest Business News

Planning applications fell by almost a quarter during lockdown

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The number of planning applications submitted during the height of lockdown fell by almost a quarter compared to the same period last year.

Figures released by the Ministry of Housing, Communities & Local Government (MHCLG), reveal that between April and June this year, planning applications made in England fell by 23%…

London Olympics delivery chief appointed NIC commissioner

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One of the senior figures who led London’s 2012 Olympic Games bid and then subsequently oversaw its delivery has been appointed as a commissioner of the National Infrastructure Commission (NIC).

The government has announced that Neale Coleman has been brought in on an initial two year contract. Sir Tim Besley, Sadie…

Infrastructure jobs market shrinks by a fifth

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The infrastructure jobs market shrunk by a fifth between June and August, according to data released by Advanced Resource Managers (ARM).

ARM’s Quarterly infrastructure report reveals that the number of infrastructure-related job ads across the UK decreased by 22% (58,455 to 45,618) during the summer. London saw the highest drop across…

Watchdog to accuse KPMG of Carillion audit breaches

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An initial report on KPMG’s audit of Carillion has been delivered by the UK’s accountancy watchdog, suggesting breaches have been found.

The Financial Reporting Council (FRC) said it delivered its Initial Investigation Report (IIR) in August. The report covers KPMG’s audit of Carillion’s financial statements between 2014 and 2016 and additional…

Turner & Townsend profits boosted by rail jobs Down Under

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Turner & Townsend has reported growth in profit and revenue, in its annual accounts.

Despite “Covid-19 shocks”, the firm saw 2019/20 turnover rise to £744M, as net revenues increase by £101M to £681M. UK net revenue grew by 9%, to £283M, while UK profits jumped from £29M to £36M year-on-year. The…

Ex-HS2 chief exec Simon Kirby lands senior role at consultant Nichols

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Former chief executive of High Speed 2 Ltd (HS2 Ltd) Simon Kirby has been appointed managing partner of the Nichols Group, NCE can reveal.

Kirby has held several high profile positions within infrastructure clients, having been chief executive at HS2, as well as managing director of infrastructure projects at Network Rail.…

Mace forecast predicts tender prices to fall next year

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Mace has predicted that tender prices will fall during 2021 as contractor pipelines “weaken further”.

In its Q3 UK Market View report, Mace expects tender prices to hold steady for the remainder of the year but will likely fall next year. The report concludes: “While new orders will recover from the…

Podcast | Look ahead to Bentley Systems’ Year in Infrastructure

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The latest episode of The Engineers Collective is out now.

A mid-month special, the latest episode of the podcast previews Bentley Systems’ Year in Infrastructure 2020 conference. Due to Covid-19, Bentley Systems decided to cancel or postpone all the company’s physical conferences and events in 2020. This new digital conference format…