Financial & Legal

  • SELECT backs retention ban, warns on loopholes

    SELECT backs retention ban, warns on loopholes

    Retention reform moves closer, but enforcement risks remain unresolved still. SELECT supports the proposed ban while favouring protected, ring-fenced deposits to stop withheld cash reappearing elsewhere in contracts.

  • Bridgman IBC assets marketed after administration

    Bridgman IBC assets marketed after administration

    Bridgman IBC’s specialist manufacturing base has been brought to market. The sale includes an 88,000 sq ft factory, production machinery, and associated equipment in Hartlepool.

  • Colas moves to acquire Frauenrath in Germany

    Colas moves to acquire Frauenrath in Germany

    Colas has agreed a German roads and recycling acquisition deal. The move would add Frauenrath’s road construction and circular economy activities to its German portfolio.

  • Future Homes Hub forms embodied carbon board

    Future Homes Hub forms embodied carbon board

    Future Homes Hub has launched a new embodied carbon board. The group will coordinate action on materials, transport, construction processes, and resource efficiency in housing delivery.

  • Travis Perkins flags fresh building materials inflation

    Travis Perkins flags fresh building materials inflation

    Travis Perkins sees fresh materials inflation risk from energy shocks. Supplier surcharges and fuel costs are moving back into focus across the UK construction supply chain.

  • BCIS records further civil tender price rise

    BCIS records further civil tender price rise

    Civil tender prices continued rising in the first quarter. BCIS panel members pointed to stronger electricity demand, patchier water activity, and mounting input-cost pressure from steel and copper.

  • Volvo CE to close Rokbak unit

    Volvo CE to close Rokbak unit

    Volvo CE is closing its Rokbak articulated hauler business unit. The Motherwell site will remain active, but articulated hauler production is expected to stop in the second half of 2026.

  • Senedd passes wider Wales building safety regime

    Senedd passes wider Wales building safety regime

    The Senedd has passed the Building Safety (Wales) Bill, establishing a broader building safety framework for multi-occupied residential buildings across Wales.

  • Balfour Beatty lifts UK construction margin to 3.5%

    Balfour Beatty lifts UK construction margin to 3.5%

    Balfour Beatty’s UK Construction margin rose above target in 2025, alongside higher revenue, stronger profit and a record order book driven by infrastructure demand.

  • Hull sets 30 suppliers on £80.5m framework

    Hull sets 30 suppliers on £80.5m framework

    Hull has appointed 30 suppliers to a seven-year framework. The programme covers engineering, regeneration, decarbonisation, heritage, highways, and building-related professional services.