Financial & Legal
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Taylor Wimpey has raised its 2026 build-cost inflation expectations as higher energy and supply chain pressures add further strain to housebuilding margins.
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Jerram Falkus Construction entered administration owing £8.2m to more than 400 subcontractors and suppliers. The long-established London contractor had reported £47.6m turnover in its latest filed accounts but was hit by problem contracts and a lost adjudication.
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Atlas Holdings has withdrawn its takeover approach for BRCK Group after the building materials supplier rejected the proposal.
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Xpedeon’s new UK Construction Systems Census suggests documentation gaps, manual handoffs, and weak live cost visibility are still delaying cash release and close-out across larger contractors.
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Balfour Beatty will face trial in 2028 over alleged safety breaches following the death of a worker at AWE Aldermaston.
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Administrators have recovered only a fraction of ISG’s creditor debt, with unsecured suppliers still unlikely to receive a distribution from the failed construction group.
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The Serious Fraud Office has opened an ECO4 investigation after four arrests and searches at six sites, focusing on allegations that retrofit claims were submitted for work that was not carried out.
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Glenigan’s April review points to a tougher market again, with starts and detailed approvals down sharply even as contract awards show some resilience in selected sectors.
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Heidelberg Materials is increasing its stake in Akçansa to 79.44%, deepening its position in Turkey and strengthening its cement, aggregates, and ready-mix platform across the Mediterranean basin.
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Billington’s 2025 results show weaker revenue and profit, as project delays, pricing pressure, and the closure of its Yate facility hit performance despite a rise in productive hours.