All Contractors articles – Page 365
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FeaturesThe breaking of Rok
Commentators who remained unmoved by Rok’s dizzying rise must now be feeling vindicated, says Joey Gardiner. But was the contractor a victim of its own management strategy, or brought down by market jitters?
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NewsKeller hit by zero growth and falling margins
Groundworks specialist issues profit warning after revealing £3m redundancy costs
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NewsRok boss tells redundant workers to 'Keep on Roking'
Garvis Snook sends parting email to workers of collapsed workers
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NewsDiageo in talks with new contractors after Rok closures
Closure of Scottish division stops work on £86m bottling plant
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NewsAdministrators confirm closure of majority of Rok
Nearly 2,000 jobs to go as two of three remaining divisions shut down
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NewsBanks 'very likely' to pull plug on Rok
Remaining jobs set to be lost as administrators struggle over sale
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NewsRok firms put into administration with loss of 87 jobs
Tulloch Transport and Rok Civils attract no interest from potential buyers of Rok
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NewsCB&I must pay blacklisted worker £20k
Contractor is the first to face action in an employment tribunal after last year’s discovery of a blacklist
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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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NewsConstruction firms spared squeeze on government jobs
Cabinet Office will demand efficiency savings not price cuts from building contractors
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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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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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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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CommentAre contractors putting the squeeze on the supply chain?
In a disturbing trend subcontractors are being asked to reduce costs and even make upfront payments or risk being removed from main contractors’ supplier lists. Coercion or market reality?
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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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NewsRok redundancies near 400
Closure of Scottish plumbing, heating and electrical business leads to 268 more job cuts