Ferrovial has reported a 25% increased in its UK order book, driven by it HS2 main works civils contract.
Revenue for the firm’s UK business also increased by 10.4% up to £381M due to the strong performance of live projects and works beginning on a new contract.
The publication of results for its UK Construction business follows the recent announcement that the global business has increased revenue by 11.4% in like-for-like terms to £5.1bn due to the contribution from projects in the US and good performance by Budimex, Poland.
Goose said: “The positive figures we are able to report this year demonstrate the direction in which we are heading. The strategy we launched last year is already yielding results.
Fresh data from the Office for National Statistics shows that construction output suffered a 2% monthly drop in April, totalling £14bn. This compares to a rise of 5.8% in March. The ONS adds that despite this recent dip, output remains above February 2020’s level – by 0.3%, or £44m. Falls in the level of both new
People Moves: 1-4 June 2021
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Marsh appoints UK & Ireland construction industry leader
Marsh has announced the appointment of Andy Desmond as UK & Ireland construction industry leader. Desmond will report to Scot Peachey, CEO of the UK Construction, Infrastructure & Surety Practice at Marsh Specialty and Charles Beresford-Davies, head of Industries, UK & Ireland.
Commenting on the appointment, Beresford-Davies said: “With ongoing budget challenges and heightened underwriting
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May 7, 2021 - Written by Frank Davies
Pound (GBP) Exchange Rates See Limited Support as UK Construction PMI Slips
The Pound to US Dollar (GBP/USD) exchange rate stumbled slightly on the back of a weaker-than-expected UK construction PMI.
While forecasts had pointed towards the PMI strengthening to 62.3 in April it instead dipped from 61.7 to 61.6, suggesting a slight loss of momentum.
Even so, this still demonstrated a solid month of growth for the construction sector at the start of the second quarter.
As the sector only accounts for a small fraction of the UK gross domestic product, though, the impact of the data ultimately proved limited.