Financial & Legal
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UK build-to-rent starts have fallen sharply as viability pressures deepen. Annual starts dropped 79% to 3,455 homes, while the stock under construction declined 21% year on year.
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Taziker has returned to stronger profitability as rail workloads accelerate. Revenue reached a record £88m, while pre-tax profit from continuing operations increased to £4.8m.
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A steel beam accident left one worker with life-changing injuries. HSE found that unsuitable equipment, unsafe positioning, and inadequate dismantling plans led to the preventable failure.
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Construction confidence rose ten points to reach 56% during July. The increase reflected stronger demand and improving financial conditions, although companies’ own trading outlook remained unchanged.
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Mayors could retain more locally generated tax revenue for investment. Budget details will determine whether the proposals create dependable funding for housing, transport, regeneration, and skills.
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Taylor Wimpey completed fewer homes as first-half profitability weakened further. The housebuilder expects 10,600 to 10,800 UK completions in 2026 while build cost inflation runs at 3% to 4%.
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Ministers refused Northfleet Harbourside to protect strategic Robins Wharf operations. The decision gives substantial weight to construction material supply, public health, and the permanent loss of safeguarded industrial infrastructure.
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Watkin Jones has secured six contracts across retrofit and hospitality. Five awards cover student accommodation remediation and improvement, while a sixth advances an Oxford city centre aparthotel.
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Avove enters private equity ownership as regulated infrastructure investment accelerates. H.I.G. Capital plans to support organic expansion and acquisitions across the contractor’s water, wastewater, and power operations.
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Ferrovial’s construction order book reached a record eighteen billion euros. Poland and Spain together account for more than one third of the secured workload.