Financial & Legal
-
NEC is developing a new multiparty project alliance contract form. The agreement will integrate clients and suppliers through preconstruction, design, risk management, and delivery.
-
Tilbury Douglas has secured a substantially larger forward workload pipeline. More than £500 million of first-half awards has lifted its order book and strengthened its balance sheet.
-
Morgan Sindall has delivered another record first-half financial performance result. Revenue reached £2.56 billion as fit-out and construction activity supported higher profit and cash generation.
-
Dragon Alfa Cement has received a £1m workplace safety fine. The prosecution followed an employee’s death beneath a moving 1.6-tonne counterweight at its Gloucestershire bagging plant.
-
Glasgow School of Art has approved Mackintosh Building enabling works. Full reinstatement remains dependent on external funding after costs reached an estimated £265m.
-
Henry Construction’s unsecured creditor count could exceed five thousand claims. Administrators continue reconciling debts and pursuing possible recoveries following the contractor’s 2023 collapse.
-
An Italian court convicted thirty-two defendants over Morandi Bridge collapse. Former Autostrade chief executive Giovanni Castellucci received a 12-year sentence, subject to appeal.
-
BaFin is reviewing Jungheinrich’s accounting treatment of Russian asset impairments. The examination focuses on whether rental trucks, inventories, and associated assets should have been written down before June 2025.
-
European equipment-rental confidence weakened during the second quarter of 2026. Fleet investment, utilisation, current activity, and the 12-month outlook all declined, although most respondents still expect business conditions to improve.
-
UK housebuilders issued eight profit warnings during 2026’s first half. Six came during the second quarter as weaker demand, rising costs, incentives, regulatory exposure, and land risk continued to restrict margins.