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Morgan Sindall records near 50% leap in profits

Morgan Sindall records near 50% leap in profits

Morgan Sindall has reported a 48% increase in profits following an “excellent” performance from its Fit Out division and notable contributions from its Construction & Infrastructure and Partnership Housing arms. Announcing its preliminary results for the year ended 31 December 2017 today, the group revealed that its profit before tax of £64.9 million was 48%(…)

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CITB hosts new careers page for former Carillion workers

CITB hosts new careers page for former Carillion workers

The Construction Industry Training Board (CITB) is calling on construction employers to offer opportunities to the hundreds of Carillion workers who lost their jobs following the company’s collapse. A new careers page has been set up on the CITB website, collating job opportunities in each nation and region, to help Carillion staff find new employment. Currently there(…)

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Havelock Europa secures additional funding to boost revival plan

Havelock Europa secures additional funding to boost revival plan

Interior solutions provider Havelock Europa has secured a multi-million financing deal as the firm continues to implement its turnaround strategy. The Kirkcaldy-based firm has reached agreement in principle on a package of funding which includes an extension of existing senior debt facilities of £5 million for a two year term. Additional subordinated debt financing of(…)

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Barratt looks to increase volume and efficiency amid strong interim results

Barratt looks to increase volume and efficiency amid strong interim results

Housebuilder Barratt Developments has attributed a near 7% rise in interim profit to strong customer demand leading to confidence in the market. In the six months ending 31st December 2017, Barratt made a pre-tax profit of £342.7 million (2016: £321.0m) on revenue up 9.5% to £1,988.0m (2016: £1,816.2). Including joint ventures, total completions reached 7,324(…)

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Proposals unveiled for new £42m South Ayrshire super school

Proposals unveiled for new £42m South Ayrshire super school

A consultation is now underway on proposals which could lead to the creation of a new Maybole Community Campus in the grounds of the existing Carrick Academy in South Ayrshire. The £42 million project would have capacity for an estimated 1,400 pupils at a new Carrick Academy, an amalgamated Cairn Primary and Gardenrose Primary, a(…)

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Morrison Construction opens doors to £26m Campbeltown Grammar

Morrison Construction opens doors to £26m Campbeltown Grammar

It was a historic occasion in Argyll and Bute on Wednesday when secondary pupils from across Kintyre moved into the new £26 million Campbeltown Grammar School built by Morrison Construction. Welcomed to their new surroundings by two pipers, pupils were gathered in the multi-purpose sports hall where acting head teacher Catherine Cameron greeted them. Ms Cameron said: “By(…)

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Builders call for Help to Buy extension as first-time buyer levels reach ten-year high

Builders call for Help to Buy extension as first-time buyer levels reach ten-year high

Homes for Scotland has called on the Scottish Government to extend the Help to Buy scheme to capitalise on new figures which revealed that the number of first-time buyers in Scotland is at the highest level for a decade. Data published by finance and banking industry trade body UK Finance showed there were 8,800 new first-time buyer mortgages(…)

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Building Briefs – February 22nd

Building Briefs – February 22nd

Canadian engineering company brings its UK headquarters to Clyde Gateway     TransCanada Turbines (TCT), a North American owned and managed engineering company, has become the latest business to bring its UK headquarters into Clyde Gateway, adding to the continued success of Scotland’s largest regeneration programme. TCT, which repairs and maintains aero-derivative gas turbines for the(…)

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And finally… Fingerprint employee drug testing now a reality for construction firms

And finally… Fingerprint employee drug testing now a reality for construction firms

A solution based on fingerprint sweat analysis is pledging to bring new levels of convenience, hygiene and speed to employee drug testing in the construction industry. Unlike traditional urine or saliva-based drug tests which can be invasive, time-consuming and undignified for testers and employees, Intelligent Fingerprinting said its portable drug testing solution is quick and(…)

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Advertorial: Understanding Buildings & Managing Repairs

Advertorial: Understanding Buildings & Managing Repairs

For many years SHARE has recognised a need to deliver basic technical training for non-technical staff. Understanding Buildings & Managing Repairs (UMBR) is a five day course aimed at staff who are required to deal with technical issues as part of their day to day duties, but who may only have limited technical knowledge. This(…)

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Transport Scotland to study potential of high-speed trains connecting Lanarkshire to London in three hours

Transport Scotland to study potential of high-speed trains connecting Lanarkshire to London in three hours

A high-speed rail link between Glasgow and Carstairs, as well as the potential for a new interchange station at Eurocentral, are being considered as part of a feasibility study to be carried out by Transport Scotland. The transport body has been investigating the potential of routing the High Speed Rail network to Scotland along with(…)

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Deal agreed to deliver Stirling’s first purpose built student accommodation development

Deal agreed to deliver Stirling’s first purpose built student accommodation development

Construction work on Stirling’s first purpose built student accommodation (PBSA) development is due to commence in early 2018 after a deal was struck between Maven Capital Partners (Maven) and IP Investment Management (IPIM). Continuing its penetration into the UK student housing sector, Maven will act as the asset manager representing Hong Kong-based IPIM to deliver(…)

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Interserve to close power business with 70 jobs at risk

Interserve to close power business with 70 jobs at risk

Interserve has begun a formal redundancy consultation after confirming plans to shut down its specialist power contracting business. The move is part of a review of all group operations in a bid to bring down a debt pile currently totalling more than £500 million. The specialist business, which forms part of the Interserve industrial services(…)

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