Financial & Legal
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Murphy has reported record workload alongside stronger year-end cash reserves. The contractor closed 2025 with revenue of £1.58bn, operating profit of £86.1m, net cash of £412.4m, and an £8.17bn order book.
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Greater Cambridge’s new development corporation has moved closer to delivery. The proposed body is intended to unlock housing, infrastructure, jobs, and strategic growth across one of the UK’s most constrained development markets.
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CG Fry has reported lower profit as regulatory costs rise. The south-west housebuilder cited higher compliance costs and a flat housing market.
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Agetur has filed for administration protection after losses widened sharply. The housing groundworks contractor reported higher revenue but weaker profitability in its latest accounts.
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CITB has revoked 511 fraudulent safety test results after sentencing. The case involved organised cheating linked to an Essex construction test centre.
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Builders’ merchants recorded weaker first-quarter sales as volumes fell sharply. BMBI reported like-for-like value sales down 3.2%, with heavy building materials falling 6.7% by value.
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Ferrovial has appointed Alastair Dick to lead UK construction operations. The former Bechtel executive will head its UK and Ireland business as infrastructure clients sharpen delivery expectations.
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HBF says council tax is squeezing smaller housebuilders’ cash flow. Its Licence to Bill report calls for clearer national rules and relief for newly built homes awaiting sale or occupation.
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Build Warranty has widened assurance for 3D printed housing projects. The move gives HTL.tech’s construction printing system a clearer route through warranty, lender, and developer acceptance.
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Gateway 2 approvals are improving, but certainty remains commercially critical. Craig Robertson, director at MEP and sustainability consultancy Wallace Whittle, explains why transparent client communication, robust technical detail, and a built-as-drawn mindset matter as projects move through Gateways 2 and 3.