Financial & Legal
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Mace has retained its 2026 tender-price forecasts amid rising costs. Steel inflation, weaker orders, and aggressive bidding are reshaping commercial risk across UK construction.
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Two Ethical Power contracting companies have entered formal administration proceedings. Several operating, utilities, international, and development businesses remain active through a wider restructuring.
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EU steel safeguards are supporting higher Italian coil prices domestically. Weak demand continues to limit completed transactions and restocking.
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MPs want historic buildings placed closer to housing policy priorities. Reuse-first planning and targeted tax reform lead their recommendations.
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BRCK Group increased earnings despite weak housing-led materials demand conditions. Specialist fire, roofing, and efficiency work supplied stronger margins.
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Galliford Try expects profit and cash growth to continue strongly. Its £4.3bn order book secures substantial visibility across public-sector construction.
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UK construction starts and contract awards weakened throughout the quarter. Glenigan recorded a stronger planning pipeline, but financing, viability, and commercial confidence continue to delay its conversion into live work.
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Ministers are consulting on wider judicial review restrictions for infrastructure. The proposals could limit repeated challenges and introduce clearer court timetables for major housing, transport, and energy schemes.
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Crest Nicholson has reported a statutory first-half loss of £35.2m. Lower completions, weaker margins, rising debt, and continuing lender discussions are constraining its recovery programme.
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London’s draft spatial plan sets capacity for 558,000 new homes. Revised affordability thresholds, higher brownfield densities, and selective Green Belt development will shape the capital’s next construction cycle.