Construction industry Headlines

  • Owners of Manchester flats face huge bills after forced evacuation

    Claim for £16m lodged after fire officers banned people from living in five-story block Owners of flats in a Manchester complex which was marketed as an “outstanding” investment opportunity are facing huge losses after the fire brigade banned people from living there. The first residents moved into New Lawrence House in 2009 but were forced to move out the week after the Grenfell Tower fire in 2017 after serious safety faults were identified. Continue reading...

    the Guardian
  • Kier profits rise as it shrugs off short selling interest

    The boss of construction company Kier has shrugged off interest from short sellers as it reported a lift in profits.

    The Telegraph
  • 'They treat us like mules': Nashville construction workers cry for site safety

    As a report finds Nashville the most dangerous southern city for construction workers, unions fight for better conditions and pay Nashville is booming. The city’s population grew by 11.6% between 2010 and 2016, according to the US Census Bureau. With more than $13bn being invested into new construction in the region, Nashville’s skyline now boasts more cranes than even New York City. But there is a dark side to the building boom. Workplace safety advocates say in the rush to build America’s next...

    the Guardian
  • Housebuilders warn strict migration rules will harm housing supply post-Brexit

    The Government risks “pulling the rug out” from beneath the construction industry and would struggle to meet its target of building 300,000 new homes per year if it imposes strict migration rules after Brexit, housebuilders have warned.

    The Telegraph
  • Ashtead plans bigger share buyback but braces for pay revolt

    A larger-than-expected stock buyback and a forecast-beating outlook have sent shares in plant hire company Ashtead spiking.

    The Telegraph