Financial & Legal
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Balfour Beatty has raised guidance after stronger first-half trading results. Revenue rose to £5.56bn, while the order book reached £22.9bn and UK power transmission supported higher Support Services profit.
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A Northumberland contractor has been fined after a roof fall. The bricklayer suffered serious spinal and chest injuries after stepping onto a polycarbonate sheet, with investigators finding no adequate risk assessment or safe system of work.
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Bellway completed 9,695 homes despite softer demand across Britain overall. Output exceeded guidance and cash generation strengthened sharply, although reservations and the forward order book fell while mortgage rates and build-cost pressure remained.
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H.I.G. Capital has acquired mechanical contractor Phoenix ME in Britain. Existing management will remain in place as the business targets further UK and European growth across data centres, life sciences, infrastructure, and commercial construction.
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Clancy Consulting is restructuring as its previous company enters administration. Civil and structural engineering will continue through a focused successor business, while building services are being exited and staff transfers remain under way.
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ACES has formally filed notice of intention to appoint administrators. The Bristol M&E contractor employs more than 50 people and works across commercial, healthcare, education, defence, infrastructure, residential, and public-sector projects.
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Supplier credit insurance is reportedly tightening around Vistry Group’s business. Allianz Trade is said to have reduced limits for some new supplier transactions while Vistry continues measures intended to lower financial leverage.
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Peel has opened consultation on the proposed Haydock Point campus. The 1.3 million sq ft St Helens scheme combines manufacturing and employment space, highway changes, a multi-fuel HGV hub, landscaping, and supporting infrastructure.
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Government has revised the Responsible Actors Scheme planning enforcement guidance. The 10 August update removes paragraph 004 to reflect legislative change and updates contact details, while the underlying enforcement framework remains in place.
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Forshaw Demolition has entered administration after nearly 23 years trading. KBL Advisory was appointed on 24 July, leaving clients and suppliers to establish the status of live work, site responsibilities, and outstanding liabilities.