We track sector news on a daily basis. Each week we then collate a few of the most interesting items for our Pick of the Week bulletin. It comes out every Friday and has proved very popular with clients.
In this week's bulletin
- Speedy Hire bounces back from 2016 troubles
After the boardroom battles and heavy losses that characterised 2016 at tool hire giant Speedy, 2017 has seen stability and profits return. For the year ended 31 March 2017 Speedy Hire has reported a pre-tax profit of £14.4m, compared to a £57.6m loss the previous year...
Source: The Construction Index, 16th May 2017
- Skanska UK C-suite change
Skanska UK's president and CEO Mike Putnam is stepping down from his role. Gregor Craig has been appointed president and CEO with immediate effect...
Source: FM World, 10th May 2017
- Eurozone construction industry still slowing
Construction output across the 28 countries of the European Union (EU28) fell by 0.8% in March compared with February and by 1.1% in the Eurozone. In February 2017, production in construction had grown by 5.5% in the Euro area and by 3.9% in the EU28...
Source: The Construction Index, 18th May 2017
- North England should expect significant constuction price inflation
Construction costs in London are set to rise by 4.1% this year according to new research by professional services company Turner & Townsend. The research also revealed that the traditional north-south divide in build costs in the UK is starting to close...
Source: Construction Enquirer, 16th May 2017
- Discussions underway if HS2 should meet Birmingham Airport
Birmingham Airport and HS2 are in discussions over plans that could see a terminal built directly into the new interchange station on the outskirts of the city. The airport's head of planning, development and infrastructure Robert Eaton said it was currently in discussions with HS2 over a number of options for its 2030 masterplan, and one of those being closely considered would see an airport terminal built within the station...
Source: Construction News, 19th May 2017
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