Contractors – Page 250
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Interserve strikes £250m deal to buy Rentokil's FM arm
News of deal comes as firm posts 68% fall in full-year profit, with group revenue up 8% to £2.6bn
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Bourne Group weathers storm to achieve growth
Steelwork specialist overcomes tough market and is set to diversify into new sectors
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Wates defends two-year retention payments
Contractor argues that retention policy is more generous than many of its competitors
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Problems in Spain drag down Costain's profit
Costain also seeking to raise £75m through a share placing to help finance bids for large scale projects
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Derwent plans record development programme
Developer plans to spend £280m on development projects over the next two years
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May Gurney cost halves Kier profit
Contractor hit with £22m of integration and acquisition costs, which brings down its half-year profit to £6.3m
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Lend Lease hot favourite for £500m London scheme
Exclusive: Lend Lease is in line for £150m main construction job on Great Portland Estates’ Rathbone Place scheme on former Royal Mail site
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Balfour Beatty man takes reins at Chinese project manager
Former Balfour Beatty director Rob Walker becomes chief executive of SIP
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Lend Lease construction arm falls further into the red
Lend Lease’s European construction business reports an operating loss of £9.3m in the last six months of 2013
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Five bidders in race for £485m flood defence contract
Exclusive: Morgan Sindall, Mace and Costain among five bidders shortlisted for massive Thames Estuary flood defence programme
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DGT Structures goes under with 90 jobs axed
Norwich-based £20m-turnover steelwork contractor falls into administration
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Contractor picked for new Lord's stadium job
Exclusive: Bam wins job to rebuild Warner Stand, which is first part of wider £200m redevelopment
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Laing O'Rourke outclasses rivals with £180m Mayfair job
Prestigious Clarges Estate win helps contractor to top of January’s league table, while overall activity dips
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Bad advice turning young people off construction
CITB report calls for industry to engage with schools to improve ‘largely unfavourable, outdated and ill-informed careers advice’
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North Midland forecasts £6m loss due to problem jobs
Firm said it had been hit by “unfavourable” settlements
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One third of all construction work is now housebuilding
Barbour ABI figures show construction’s reliance on sector
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Deloitte warns of rapid construction cost rises
Report predicts sharp rise in costs in first half of this year, plus contractor failures
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Morgan Sindall puts faith in regeneration
Firm expects big boost from its regeneration arm as tightening margins and £15m writedown drag down profit
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City surprised by exit of Kier boss
Analysts surprised Paul Sheffield has decided to leave the firm so soon after Kier’s acquisition of May Gurney
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Three firms vie for role on £450m Paradise Circus
Exclusive: Developer Argent invites three contractors to bid for first phase of massive Birmingham scheme