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Construction

Order books grow at ISG

Revenue for the half-year was £659m (2011: £623m) and pre-tax profit was £2.2m (2011: £2.3m). Underlying profit before tax was up 4% to £3.8m. Much of the expansion came from its UK Construction division, where revenue increased by 18% to £280m (2011: £237m). This was at the back of London 2012 Games overlay works contract. …

Construction

Construction PMI hits lowest level since October 2009

The latest monthly survey of construction’s purchasing managers shows that new work has now fallen for nine consecutive months. It suggests a great reduction in total construction output led by declines in commercial and civil engineering activity. Despite this, there’s more optimism around concerning the year ahead. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ …

Construction

Housebuilders flex muscles to push councils

The Home Builders Federation says that many councils are failing to hold out their responsibilities under the recent National Planning Policy Framework (NPPF) and are lacking objectivity in terms of housing needs. The NPPF requires local authorities to evaluate their housing need objectively after which allocate sufficient land. Housebuilders argue that the requirement for objective assessments …