Contractors News – Page 322
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NewsCarillion confirms plan to slash supply chain
Supply base to fall from 25,000 to around 5,000 in drive to save £140m a year by 2013
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NewsInterserve optimistic about future workload
Maintenance and building group expects stronger second half of the year and boasts £5.5bn future workloads
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NewsConstruction output revised down by £1.1bn
ONS suggests treatment of “outliers” may have led to exaggerated growth figures
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NewsInsurance giants left in the lurch by Rok collapse
Axa, Tesco and Aegas eye alternative suppliers; Sale of social housing division speeded up
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NewsBovis asks suppliers about Rok exposure
Bovis Lend Lease has written to its supply chain asking firms to clarify their exposure to the Rok collapse, in a move that has angered subcontractors
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NewsConstruction firms spared squeeze on government jobs
Cabinet Office will demand efficiency savings not price cuts from building contractors
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News
What went wrong at Rok? The City view
“Hindsight is a wonderful thing,” says Andrew Brown, an analyst at Panmure Gordon, “but Rok’s first major profit warning was two years ago, related to the slowdown in their regional contracting business.”
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NewsISG targets US retail clients
ISG is targeting high-profile retail and commercial clients in the US for the first time as part of a new strategy to win work with America-based businesses across the globe
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NewsRok redundancies near 400
Closure of Scottish plumbing, heating and electrical business leads to 268 more job cuts
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NewsContractors wrestle for control of Rok
Carillion, Mears and Kinetics among those talking to administrator as it emerges contractor owed suppliers £100m
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NewsBalfour Beatty order book hits £15bn
Contractors confident of global growth despite fall in revenue over last three monhts
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NewsRok administrators lay off 711 staff
PwC cut parts of business of little interest to possible buyers
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News
Vinci construction turnover falls 3%
French group sees overall revenue grow but construction division weakens
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NewsMore than 50 firms eye up Rok contracts
Contractors interested in profitable parts of Rok business but administrator wants to sell as single entity
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NewsMorgan Sindall: Connaught contracts £60m less than thought
Contractor to write down £3m over purchase of £28m suite of contracts
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NewsLeadbitter and Kinetics stalk failed contractor Rok
Regional contractor and social housing firm join Mears in the battle to take over Rok’s business
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NewsRok administrators vow to pay 3,800 staff
PwC says priority is to review and sell the collapsed company
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NewsCostain sells PFI stakes to reduce pension deficit
Costain reports strong performance and PFI deal to significnatly reduce its pension deficit
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NewsCarillion wins £100m of work in Oman
Contractor grabs both construction and facilities management jobs