Financial & Legal
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City Hall is backing Silvertown with direct housing investment capital. The funding supports a 7,000-home Royal Docks regeneration scheme and a more active public-sector delivery model.
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Willmott Dixon has reported its record five-year forward pipeline figure. The contractor also posted zero debt and higher underlying profit.
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Two contractors have been fined after a platform collapse injury. HSE found failures around temporary works design, loading, and supervision.
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Vistry has opened voluntary exit terms for staff below directors. The move follows tighter cash controls and debt-reduction measures.
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The Met Police has opened procurement for estate building works. The £560m framework covers refurbishment, M&E, security, demolition, and new-build projects.
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Holcim has secured conditional EU approval for its Xella acquisition. The €1.85bn transaction strengthens its European walling systems position, subject to a Romanian divestment.
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Construction output edged higher in April, despite falling new work. ONS data shows repair and maintenance carrying growth while new-build activity remains subdued.
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Mackoy has been sold out of administration to Geocore Civils. The pre-pack deal protects 20 jobs and preserves continuity for parts of the southern England groundworks business.
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STRABAG’s takeover of Van Elle has cleared its court stage. The £59m deal moves the ground engineering specialist towards private ownership.
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Lorne Stewart has returned to profit after two loss-making years. The engineering specialist improved performance through restructuring and more selective bidding.