News

Facade specialist goes under after 120 years

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Charles Henshaw & Sons has filed for administration after 120 years of trading. Directors of the Edinburgh-based envelope specialist blamed issues with legacy contracts and main contractor delays on new project starts for causing it to become loss-making. Administrator Shona Campbell at Henderson Loggie is seeking a buyer for the…

Guarded welcome for latest JCT 2024 rollout

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The latest instalment of the Joint Contracts Tribunal (JCT) 2024 suite of contracts may have left key aspects of the Building Safety Act (BSA) unaddressed, experts have said. JCT included 13 documents in its Intermediate Building Contract (IBC) release on Wednesday (10 July). The intermediate form of contract is commonly…

New construction minister appointed

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Sarah Jones has been appointed as construction minister, Construction News understands. The MP for Croydon West was appointed as minister of state in the Department for Business and Trade (DBT) and the Department for Energy Security and Net Zero on Monday (8 July). CN understands the Construction Leadership Council was…

Council agrees Morgan Sindall JV can redevelop city centre

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A joint venture involving Morgan Sindall’s development arm is in line to regenerate Wolverhampton city centre. City of Wolverhampton Council is set to enter into a development agreement with ECF, formerly known as the English Cities Fund, for the £50m programme. ECF comprises Homes England, Legal & General and the…

CN Awards 2024 winners revealed

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The winners of the Construction News Awards 2024 have been announced at a dazzling ceremony in central London. On Thursday evening (11 July), comedian Russell Kane conducted proceedings in the glitzy ballroom of the JW Marriott Grosvenor House hotel in Mayfair – where more than 1,200 clients, contractors and suppliers…

Output increase gives industry ‘much-needed boost’

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Clement weather helped the construction industry to grow in May, reversing a three-month decline. Construction output jumped by 1.9 per cent, outpacing growth of 0.4 per cent across the whole UK economy, according to the Office for National Statistics (ONS). Output still slowed overall by 0.7 per cent in the…

Regulator knocks £16bn off water investment plans

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Ofwat has cut water companies’ plans to upgrade critical infrastructure by £16bn amid public scrutiny over firms’ performance. Last October, water companies proposed £96bn of infrastructure works to Ofwat for the 2025 to 2030 investment period. Some companies resubmitted their business plans in March, increasing the costs to £100bn. Planned…

Galliford Try expects revenue to top £1.6bn

Galliford Try CEO Bill Hocking at the 2021 CN Summit

Galliford Try has said its turnover is set to exceed £1.64bn in its latest financial year. In a trading update for the 12 months to 30 June 2024, published this morning (11 July), the contractor said its turnover would be above the upper end of current analyst forecasts. These are…