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
- Despite pre-tax profit hike, Berkeley sceptical of boom
House-builder Berkeley has reported a 50% leap in pre-tax profits but warned that the boom cannot last forever. Chairman and founder Tony Pidgley is warning of "headwinds and a period of prolonged uncertainty"...
Source: The Construction Index, 21st June 2017
- Mitie takes aim at city security needs with new service
Recognising that organisations in high-profile cities increasingly require heightened and more sophisticated security measures, Mitie's security management business has launched City Class 'a tailored security service for its city-based clients'...
Source: FMJ, 16th June 2017
- UK construction output is an anomaly compared to the rest of EU
Output in construction grew 2.7% across the EU in the year to April despite a 3.4% fall in the UK, according to latest figures from Eurostat. April's initial estimates from the statistical office of the European Union show that there was a 3.2% increase in the eurozone, due to building construction rising by 3.3% and civil engineering by 2.5%...
Source: The Construction Index, 20th June 2017
- Lagan poaches Morgan Sindall MD for COO job
Lagan Construction Group has announced that Nick Fletcher will be joining the business as Chief Operating Officer. Fletcher is currently Managing Director of Infrastructure at Morgan Sindall and will take on his new role in December...
Source: Construction Enquirer, 20th June 2017
- NYC's Penn Station upgrade goes to Skanska
Skanska has signed a US$1.26bn (£985m) design-build contract to convert a former post office building in New York City into a major transport hub. The contract for Empire State Development Corporation (ESD), Related Companies and Vornado Realty Trust involves rehabilitation and enhancement of the historic James A Farley Post Office Building...
Source: The Construction Index, 19th June 2017
- Highway's England names suppliers on SW framework
More than 20 firms have secured places on Highways England's latest asset delivery contract for roads in the South-west, worth £290m. A total of 21 suppliers won places across 13 construction works lots covering disciplines including civil engineering, specialist drainage, electrical works and landscaping...
Source: Construction News, 23rd June 2017
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