Financial & Legal
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YourTRIBE proposes 1,053 managed accommodation units beside Greenwich infrastructure assets. The brownfield scheme would provide 673 student rooms and 380 co-living homes across two towers.
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Ibstock cut production as weak brick demand eroded first-half performance. Revenue fell 15%, while impairments on mothballed assets contributed to a £26.6m statutory loss.
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Build UK has published construction’s first contractor retentions benchmark data. Tier one members withhold an average 2%, while substantial client deductions continue to pass through supply chains.
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Government contracts will give local benefits twice their previous weighting. The revised rules take effect in January 2027 and change tender evaluation, reporting, and workforce commitments.
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Gatwick’s northern runway scheme has now cleared another legal challenge. The Court of Appeal refused permission to contest the development consent decision on every ground advanced.
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Camden has approved expanded plans for Kingsway House’s hotel conversion. The 80-room scheme combines an office retrofit with demolition and a new seven-storey building on adjoining plots.
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Re:shape has revised Wimbledon plans around a housing-led mixed-use scheme. The proposal replaces an unbuilt office consent with 532 co-living studios, 36 social-rented homes, and commercial space.
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SIG reported weaker first-half earnings as construction demand remained subdued. Revenue fell 0.9%, while underlying operating profit dropped 31% to £10.5m.
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Travis Perkins held underlying profit steady despite lower first-half revenue. Margin progress in general merchanting and a move to £55m net cash strengthened the group during subdued demand.
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Hyde has secured Gateway 2 approval for 182 Greenwich homes. The Eastmoor Street scheme can now progress towards construction under the higher-risk building regime.