The head of HS2 said today the state-funded high speed rail group made “a serious error” proceeding with unapproved redundancy payments, after the National Audit Office published a critical report.. City A.M.
The wildly divergent year for the construction industry is continuing, as Morgan Sindall has bucked the trend to announce a strong first half.
Trading for the six months ending 30 June has been.. City A.M.
A perfect storm is poised to hit the UK's construction sector as new research shows more than a quarter of firms are at risk of insolvency by 2020.
Brexit uncertainty has rocked the construction.. City A.M.
More than a fifth (22.72 per cent) of votes cast at the transport operator's annual general meeting yesterday were against Richard Adam keeping his new place on First Group's board. MailOnline Also reported by •thisismoney.co.uk
Wolverhampton's troubled construction giant Carillion is among the firms that have been awarded contracts for the building of phase one of the HS2 rail line, the Government has announced. Express and Star
Openreach, the infrastructure arm of BT, has launched a “forensic investigation” into its landmark £1.5bn contract with crisis-hit Carillion after the construction firm had over half its value.. City A.M.
Hedge funds betting against fortunes stricken Carillion have refused to budge, gambling on a further deterioration of the firm’s share price.
Some 28 per cent of Carillion’s stock is on loan to.. City A.M.
Former Labour leader and Doncaster North MP Ed Miliband has slammed the government's confirmed phase two route for HS2's path north of Birmingham as "wrong and perverse".
Transport secretary Chris.. City A.M.
The final route for HS2's second phase, which encompasses the Y-shaped network towards Manchester and Leeds, has been confirmed by the government.
Transport secretary Chris Grayling said the decided.. City A.M.