All Contractors articles – Page 357
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Interserve 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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Construction output revised down by £1.1bn
ONS suggests treatment of “outliers” may have led to exaggerated growth figures
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Construction firms spared squeeze on government jobs
Cabinet Office will demand efficiency savings not price cuts from building contractors
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Insurance 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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ISG 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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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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Comment
Are 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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Bovis 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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Rok redundancies near 400
Closure of Scottish plumbing, heating and electrical business leads to 268 more job cuts
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Contractors 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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Balfour Beatty order book hits £15bn
Contractors confident of global growth despite fall in revenue over last three monhts
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Rok administrators lay off 711 staff
PwC cut parts of business of little interest to possible buyers
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Vinci construction turnover falls 3%
French group sees overall revenue grow but construction division weakens
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More 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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Morgan Sindall: Connaught contracts £60m less than thought
Contractor to write down £3m over purchase of £28m suite of contracts
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Leadbitter 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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Rok administrators vow to pay 3,800 staff
PwC says priority is to review and sell the collapsed company
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Comment
Timeline: why Rok's in a hard place
The history of Rok from its formation in 1939 to the suspension of its shares this morning
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Costain sells PFI stakes to reduce pension deficit
Costain reports strong performance and PFI deal to significnatly reduce its pension deficit