Merit Holdings, a Northumberland-based offsite construction company, has entered administration following the accumulation of £17.4 million in outstanding liabilities to subcontractors and suppliers. The collapse has resulted in the immediate
Construction Industry
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UK housebuilders have successfully persuaded the government to dilute proposed environmental requirements for new residential properties in England, according to recent reports. The revised version of the Future Homes Standard,
Pavegen, the pioneering London-based firm specialising in kinetic floor tiles that convert footsteps into electricity, has secured an additional £1.3 million in funding as it establishes itself on major construction
Britain’s largest housebuilder, Vistry, is holding firm to its profit forecast for 2025, despite mounting scepticism in the stock market following a tough first half to the year. The group,
Britain’s largest housebuilder, Barratt Redrow, has issued an optimistic trading update, signalling stronger-than-anticipated profits for the current financial year amidst improving market conditions. The FTSE 100 developer reported robust customer
British housebuilder Vistry Group has delivered a devastating blow to investors with its third profit warning in as many months, sending shares plummeting on the final trading day before the
The UK’s Competition Watchdog has given its approval to the £2.5bn purchase of Redrow by UK’s largest housebuilder Barratt. The Competition and Markets Authority announced that it accepted commitments from
Paul Cossell, a building industry grandee, was optimistic two years ago in the glistening, glass-clad ISG offices in London’s fast-rising Aldgate District. He said, “I believe our industry is becoming
Barratt Developments, the largest housebuilder in Britain, has reported a significant 75% decline in annual profit, alongside a notable drop in home completions, following a challenging year for the industry.
In a bold move, Barratt, the UK’s largest housebuilder, is advancing its £2.5 billion takeover of rival Redrow this week, despite concerns from the Competition and Markets Authority (CMA). The
Balfour Beatty, the UK’s largest construction firm, has reported a 4% decrease in operating profits for the first half of the year, down to £77 million from £80 million in
In a significant move within the UK housing market, Blackstone, the American investment giant, has sold over 3,000 shared ownership homes to the Universities Superannuation Scheme (USS) for £405 million.
The Labour government is nearing a £600 million bailout agreement for British Steel, signaling a fresh commitment to resolving the long-standing impasse in negotiations with the company’s Chinese owner, Jingye.
