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Laing O’Rourke posts strong profit growth
Chief executive Ray O’Rourke In the year to 31st March 2020, Laing O’Rourke made a pre-tax profit of £45.5m (2019: £32.7m). With revenue from continuing operations down 11% to £2,448.5m (2019: £2,753.4m), gross profit margin improved to 10.4% (2019: 7.7%). A £26m improvement in earnings before interest and tax to £72.9m was attributed to “a…
Merchant sales grow 9% year-on-year
November 2020 saw the largest year-on-year increase in builders’ merchant sales in Great Britain since March 2019, despite tougher Covid-19 restrictions taking effect from Thursday 5th November. Year-on-year, four categories sold more in November 2020 than in November 2019, led by strong performances from Landscaping (+29.3%) and Timber & Joinery Products (+16.3%). Heavy Building Materials…
Banks unveils plans for wind farm extension
Robin Winstanley and Alan Wells of Banks Renewables on site The proposals are set out in a scoping report submitted to the Scottish government’s Energy Consents Unit. The scheme would have a potential generating capacity of more than 50MW – enough to provide over 36,000 homes with electricity. It would have the same National Grid…
Chase Farm chief to run national hospital building programme
In build (4) 1. Midland Metropolitan Hospital Midlands Sandwell and West Birmingham Hospitals NHS Trust The new Midland Metropolitan hospital will bring together urgent care services from 3 hospitals across the region into one state-of-the-art site, promoting better patient safety and care while ensuring value for money. 2. Cumberland Cancer Hospital North East & Yorkshire…
Persimmon puts site managers through school
Tyler Collins, a Persimmon trainee site manager in South Wales, recently completed a Level 4 NVQ Persimmon says that it is the first house-builder in the country to offer its own national vocational qualifications (NVQs). The company has been accredited by awarding organisation NOCN, the National Open College Network, to deliver NVQ courses as part…
Liberty Steel to double rebar output
Production of Grebar reinforcing steel in Rotherham Liberty’s production increase is expected to reduce the UK’s reliance on imported steel, strengthen the UK construction supply chain. Liberty Steel plans to remove production bottlenecks at its electric arc furnace (N-Furnace) and small bloom caster at its greensteel plant in Rotherham to help double existing steel output…