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.... Influenced by the Arts and Crafts movement, it was built by London County Council in 1890 to replace a notorious slum, and a century later remains a sought-after, high-density urban environment of the type planners say Britain’s cities desperately need. However, Liverpool can probably lay claim to the first ever council-built dwelling, with the city corporation behind the 1869 construction of St Martin’s Cottages, tenement housing that was demolished in 1977. ... [Read full article on Guardian ]
Saturday 25th of March 2017 07:00:02 AM
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....It added that it "cannot comment on specific financial issues relating directly to Toshiba or Westinghouse". Last month, Toshiba said it would continue to work on the development of Moorside, but would not be involved in its construction. ... [Read full article on BBC ]
Wednesday 29th of March 2017 07:15:32 AM
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....” He added that he felt a “great responsibility” over the financial losses. Westinghouse and Toshiba said they were “working cooperatively” with the utilities that own its US projects at Plant Vogtle in Georgia and Virgil C Summer in South Carolina, to ensure construction continues. ... [Read full article on Guardian ]
Wednesday 29th of March 2017 08:20:19 AM
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.... . Kenya has borrowed heavily in the past four years to fund an ambitious construction programme, including roads and a new railway. ... [Read full article on BBC ]
Thursday 23rd of March 2017 12:39:55 PM
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....An evaluation by the US state department was required, because the pipeline crosses an international border. TransCanada says the pipeline will create 13,000 jobs over two years, but opponents argue the vast majority of these jobs will be short-term work in the construction phase. ... [Read full article on BBC ]
Friday 24th of March 2017 12:30:53 PM
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....Westinghouse is a behemoth in the world of nuclear vendors, with its technology in about half the world’s reactors. But it is facing a writedown of billions of dollars over its acquisition of a nuclear construction and services business. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 06:47:55 PM
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....Official figures reveal that the number of EU-born workers in the UK fell by 50,000 between October and December to 2. 3 million, in a decline led by people working in banking, the public sector and construction. ... [Read full article on Guardian ]
Saturday 25th of March 2017 04:00:06 PM
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....Closely watched polls of companies in the services and manufacturing sectors signalled that activity slowed last month as they grappled with higher costs. A better performance in the smaller construction sector was not enough to offset that weakness and the compilers of the reports – the Markit/CIPS purchasing managers’ indices – said GDP growth looked to have shifted down a gear to 0. ... [Read full article on Guardian ]
Friday 24th of March 2017 10:30:30 AM
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....Galliford has argued that its housebuilding division, Linden Homes, would complement Bovis and give the combined company a strong presence in the south of England. Galliford also has a regeneration arm and a construction business that installed the retractable roof over Centre Court at Wimbledon. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 07:41:52 AM
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.... Interest rates in Italy, Spain and Portugal fell by about five percentage points, and in Greece by roughly 20 percentage points. The cheap foreign credit brought about by the euro enabled these countries’ governments and construction sectors to raise wages faster than productivity increased, thereby pushing up prices and undermining the competitiveness of their manufacturing sectors. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 03:26:12 PM
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....”. One expert, Mycle Schneider, called the UK the “last hope” for the nuclear construction giants of the world. ... [Read full article on Guardian ]
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.... This is not only an issue in the developing world: over two million people work in the informal economy in the UK; over 12% of its GDP is in the informal sector, and all these numbers are steadily rising. Think cleaners, nannies, construction workers, refugees. ... [Read full article on Guardian ]
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Latest Finance News related to Construction

Westinghouse bankruptcy move casts shadow over world nuclear industry image
Source : Guardian [Read Article] Wednesday 29th of March 2017 08:20:19 AM
....” He added that he felt a “great responsibility” over the financial losses. Westinghouse and Toshiba said they were “working cooperatively” with the utilities that own its US projects at Plant Vogtle in Georgia and Virgil C Summer in South Carolina, to ensure construction continues. ...
Toshiba's Westinghouse files for US bankruptcy image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:15:32 AM
....It added that it "cannot comment on specific financial issues relating directly to Toshiba or Westinghouse". Last month, Toshiba said it would continue to work on the development of Moorside, but would not be involved in its construction. ...
UK nuclear plans could be hit by Westinghouse financial crisis image
Source : Guardian [Read Article] Tuesday 28th of March 2017 06:47:55 PM
....Westinghouse is a behemoth in the world of nuclear vendors, with its technology in about half the world’s reactors. But it is facing a writedown of billions of dollars over its acquisition of a nuclear construction and services business. ...
Trump is wrong to criticise Germany over trade – he should look closer to home image
.... Interest rates in Italy, Spain and Portugal fell by about five percentage points, and in Greece by roughly 20 percentage points. The cheap foreign credit brought about by the euro enabled these countries’ governments and construction sectors to raise wages faster than productivity increased, thereby pushing up prices and undermining the competitiveness of their manufacturing sectors. ...
Pension crisis looms as one in five Britons has no savings for their old age image
Source : Daily Express [Read Article] Tuesday 28th of March 2017 01:37:00 PM
.... . Those working in law enforcement and security currently boast the biggest pensions pots, with £200,000, followed by those in transport and logistics (£123,169) and property and construction (£111,026). ...
Redrow walks away from Bovis takeover after offer is rejected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:41:52 AM
....Galliford has argued that its housebuilding division, Linden Homes, would complement Bovis and give the combined company a strong presence in the south of England. Galliford also has a regeneration arm and a construction business that installed the retractable roof over Centre Court at Wimbledon. ...
The British jobs Brexit makes hard to fill image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
....Official figures reveal that the number of EU-born workers in the UK fell by 50,000 between October and December to 2. 3 million, in a decline led by people working in banking, the public sector and construction. ...
Foreign companies flock to build nuclear plants in the UK image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
....”. One expert, Mycle Schneider, called the UK the “last hope” for the nuclear construction giants of the world. ...
How one council is beating Britain's housing crisis image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
.... Influenced by the Arts and Crafts movement, it was built by London County Council in 1890 to replace a notorious slum, and a century later remains a sought-after, high-density urban environment of the type planners say Britain’s cities desperately need. However, Liverpool can probably lay claim to the first ever council-built dwelling, with the city corporation behind the 1869 construction of St Martin’s Cottages, tenement housing that was demolished in 1977. ...
Trump administration approves Keystone XL pipeline image
Source : BBC [Read Article] Friday 24th of March 2017 12:30:53 PM
....An evaluation by the US state department was required, because the pipeline crosses an international border. TransCanada says the pipeline will create 13,000 jobs over two years, but opponents argue the vast majority of these jobs will be short-term work in the construction phase. ...
From smugglers to supermarkets: the 'informal economy' touches us all image
Source : Guardian [Read Article] Friday 24th of March 2017 11:13:18 AM
.... This is not only an issue in the developing world: over two million people work in the informal economy in the UK; over 12% of its GDP is in the informal sector, and all these numbers are steadily rising. Think cleaners, nannies, construction workers, refugees. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
....Closely watched polls of companies in the services and manufacturing sectors signalled that activity slowed last month as they grappled with higher costs. A better performance in the smaller construction sector was not enough to offset that weakness and the compilers of the reports – the Markit/CIPS purchasing managers’ indices – said GDP growth looked to have shifted down a gear to 0. ...
Kenya starts selling bonds via mobile phones image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:39:55 PM
.... . Kenya has borrowed heavily in the past four years to fund an ambitious construction programme, including roads and a new railway. ...
Plans for coal-fired power plants drop by almost half in 2016 image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:44:04 AM
. Twenty-sixteen saw a "dramatic" decline in the number of coal-fired power stations in pre-construction globally. ...
Coal in 'freefall' as new power plants dive by two-thirds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:01:20 AM
....The dramatic decline in new coal-fired units was overwhelmingly due to policy shifts in China and India and subsequent declining investment prospects, according to a report by Greenpeace, the US-based Sierra Club and research network CoalSwarm. The report said the amount of new capacity starting construction was down 62% in 2016 on the year before, and work was frozen at more than a hundred sites in China and India. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
.... Whether their doubts are vindicated will matter for both the US and the world economy. Donald Trump’s election as US president has triggered a surge in positive economic sentiment, because he pledged that his administration would aggressively pursue the policy trifecta of deregulation, tax cuts and reform, and infrastructure construction. ...
UN asks UK to suspend work on Hinkley Point image
Source : Guardian [Read Article] Monday 20th of March 2017 10:00:22 AM
....The UN request is an embarrassment for the government, which has faced several delays over the UK’s first atomic power station for a generation. But it is unlikely to derail the earthworks and building of a jetty at Hinkley, which is Europe’s biggest construction site. ...
Grayling hopes Brexit brings new apprenticeships in train image
Source : Guardian [Read Article] Saturday 18th of March 2017 04:00:43 PM
....Transport secretary Chris Grayling is taking advantage of the government’s apprenticeship drive to keep jobs in the UK, rather than with EU manufacturing rivals like Germany, ahead of Brexit. January’s industrial strategy called on all construction, infrastructure and capital investment projects worth £10m-plus to take into account apprenticeships and skills development as part of tender evaluation. ...
Downplaying Brexit to overseas investors won't help UK housing crisis | Dawn Foster image
....4% of GDP. By focusing on wealth accumulated through housing and construction, successive governments have forced their own hands in having to prop up the industry. ...
Sainsbury's takes inflation hit on the chin as Aldi and Lidl loom | Nils Pratley image
....It would be exaggeration to say Leo Quinn, the outsider recruited to cure Balfour’s many ailments, has completed the task. Even in a low-margin business like construction, making an operating profit of £67m on revenues of £8. ...
UK for sale? Ministers woo world's property developers in Cannes image
Source : Guardian [Read Article] Thursday 16th of March 2017 06:42:56 PM
.... Cities including London, Manchester and Leeds, along with the Midlands and dozens of other regions and local authorities spent hundreds of thousands of pounds on stands to try to attract investment from global developers and investment funds. Barwell told property industry figures that he wanted to “change the politics” of housebuilding so that local people did not automatically protest at the suggestion of new construction. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
.... Analysts expect a similar number of transactions this year but say the UK market is already starting to look “mature” and investors are now looking further afield to build upmarket student accommodation across Europe. Last month, according to a construction survey by Barbour ABI, the value of contracts awarded to build student housing projects in the UK totalled more than the deals to build care homes, housing associations, local authority housing and sheltered housing added together. ...
Balfour Beatty returns to profit image
Source : BBC [Read Article] Thursday 16th of March 2017 08:18:30 AM
.... . "The self-help phase of the turnaround plan has restored the group to reasonable foundations, with the all-important construction division back in profit in the second half," said Nicholas Hyett, equity analyst at Hargreaves Lansdown. ...
Trump budget to cut foreign aid to pay for defence boost image
Source : BBC [Read Article] Thursday 16th of March 2017 12:07:20 AM
....The budget will include a $1. 5bn request for pilot schemes to determine construction methods and locations for Mr Trump's promised wall between the US and Mexico. ...
Jobless rate down but wage growth slows image
Source : BBC [Read Article] Wednesday 15th of March 2017 09:32:42 AM
....The latest data showed that wages are growing at the slowest rate since April of last year. "This weakness was broad based, with wage growth moderating in the financial and business services, distribution, construction and public sectors," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics. ...
Single market exit: UK construction 'could lose 175,000 EU workers' image
Source : Guardian [Read Article] Wednesday 15th of March 2017 06:30:23 AM
. The UK construction industry could lose more than 175,000 EU workers – or 8% of the sector’s workforce – if the country does not retain access to the European single market after Brexit, the government has been told. ...
Brazil prosecutor targets politicians in Petrobras scandal image
Source : BBC [Read Article] Tuesday 14th of March 2017 11:19:32 PM
....Brazil's top prosecutor has asked the Supreme Court to open 83 new investigations into politicians as part of a long-running corruption probe involving state oil giant Petrobras. The names were mentioned in plea bargain testimony of former executives of construction firm Odebrecht, but have not been made public. ...
'Lots of nurses have already left': EU workers head for exit image
Source : Guardian [Read Article] Tuesday 14th of March 2017 12:26:28 PM
.... I’ve added to the community and to the industry. Throughout the UK, there is a lack of adequate training or interest from many in joining the construction industry. ...
Toshiba looking to sell Westinghouse nuclear business image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:21:39 AM
....Assets that it took on are likely to be worth less than initially thought and there is also a dispute about payments that are due. Requesting permission for the new delay to its results, Toshiba said some US senior managers had exerted "inappropriate pressure" in the way the acquisition of a nuclear plant construction company had been dealt with in its accounts. ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
.... But since the crisis hit in 2008 it has beome the norm in many low-paid sectors of the economy. In 2014 the government legislated that if a worker is “under the control, direction and supervision” of a construction company they must be deemed an employee, and the company becomes liable for NICs. ...
Bovis in talks with rival builder Galliford Try after rejecting £1bn offer image
. Troubled builder Bovis Homes is in talks with rival construction firm Galliford Try over a merger that would create one of Britain’s biggest housebuilders. ...
Why are Britain’s new homes built so badly? image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:27 AM
....But their tale of woe is far from unusual. More than half of buyers of new-build homes in England have had major problems with construction, unfinished fittings and faults with utilities, according to housing charity Shelter. ...
Markets in 'no doubt' on US rate rise image
Source : BBC [Read Article] Friday 10th of March 2017 10:33:01 PM
....The unemployment rate edged lower to 4. 7%, with construction adding the most new jobs in nearly a decade. ...
US interest rate rise almost certain after bumper jobs growth image
Source : Guardian [Read Article] Friday 10th of March 2017 06:15:58 PM
.... Its estimated figures are usually high – this time they were more than 60,000 jobs north of the actual figures – but its breakdown of the statistics is widely respected and caused analysts who had predicted some slowdown to revise figures upward. Trump’s supporters continue to watch for the president to make good on his promise to bring back US manufacturing jobs, which were up for the month: other drivers of growth were construction, private educational services, manufacturing, healthcare and mining. ...
US jobs report means Fed rate hike is a bolt-on certainty image
Source : Guardian [Read Article] Friday 10th of March 2017 03:03:04 PM
....There was plenty for Donald Trump to welcome. A mild winter has resulted in a big increase in construction jobs. ...
US jobs growth strengthens case for March rate rise image
Source : BBC [Read Article] Friday 10th of March 2017 01:36:59 PM
....Federal Reserve chair Janet Yellen said last week that the central bank could raise rates in March if employment and inflation figures met their expectations. The job gains in February were boosted by 58,000 new construction jobs, the most in nearly a decade. ...
UK manufacturing output falls in January image
Source : BBC [Read Article] Friday 10th of March 2017 10:30:57 AM
. Activity in the UK's industrial and construction sectors slowed in January, new figures show. ...
No rights, more tax: this is Conservative ‘fairness’ for the self-employed | Frances O’Grady image
.... The same goes for plumbers, cleaners and bike couriers who wear a company’s uniform and work to the company’s hours. Think of the hairdressers, warehouse workers and construction workers who are forced into self-employment by their employers for tax purposes. ...
FTSE 100 ends lower after Budget speech image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:03:23 AM
.... . Shares in construction companies outperformed the market, with the FTSE's construction and materials index closing 0. ...
Brexit budget: what leave and remain voters in Hull and London want image
Source : Guardian [Read Article] Monday 6th of March 2017 08:23:59 AM
.... Around 13% of the 5m jobs in London – 600,000 jobs – were held by workers born in EU countries in 2015, according to the London Assembly’s economy committee. The committee noted roughly a third of staff in the hospitality sector and around a quarter in the construction sector were born in other EU countries. ...
Fixing America's failing infrastructure won't be easy, despite Trump's pledge image
.... According to a report the Congressional Budget Office released last year, “lawmakers have transferred about $143bn from other sources to maintain a positive balance in the trust fund. Second, adjusted for changes in construction costs, total federal spending on highways buys less now than at any time since the early 1990s. ...
When the roof over your head doubles as your garden image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:00:08 AM
....”. Old-style flat roofs can be associated with leaks and damp problems, but Berkeley said things had moved on a great deal, with completely different building methods used nowadays, and that this was a “very robust form of construction”. ...
UK economy cooling after post-Brexit vote growth, surveys show image
Source : Guardian [Read Article] Friday 3rd of March 2017 11:12:26 AM
. Britain’s economy is cooling fast, according to the latest surveys of the services, manufacturing and construction sectors, bolstering expectations that the Bank of England will leave interest rates at their record low for the rest of this year and beyond. ...
Caterpillar raided over alleged tax evasion scheme image
Source : BBC [Read Article] Friday 3rd of March 2017 01:07:46 AM
....The company is accused of shifting billions of profits abroad to avoid paying taxes in the US. The officials searched the headquarters of the company, one of the world's largest makers of construction and other heavy equipment, in Peoria, Illinois. ...
MPs: UK government industrial strategy 'not long-term' image
Source : BBC [Read Article] Friday 3rd of March 2017 12:01:29 AM
....The report also stated that the Prime Minister "has not yet been able to harness the political will across government to drive forward her ambition". It highlighted the recent housing white paper, which it claimed failed to spell out how the government and the construction industry would work together to tackle the housing shortage. ...
More than half of new-build homes in England 'have major faults' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
....More than half of the buyers of new homes have experienced major problems with their properties, according to research, which comes after Bovis Homes agreed to pay £7m compensation to customers for poorly built houses. A YouGov survey for the housing charity Shelter found that 51% of homeowners of recent new builds in England said they had experienced major problems including issues with construction, unfinished fittings and faults with utilities. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
.... Now that cash is being put to work and pushing the market up,” he said. Banking stocks were among the biggest risers alongside defence contractors and firms in a position to benefit from rising infrastructure spending, like the construction and mining equipment maker Caterpillar, which has seen a near-60% rise in its share price over the last year. ...
All change: how the Royal Mint is making the new 12-sided £1 coins image
Source : Guardian [Read Article] Wednesday 1st of March 2017 03:41:18 PM
.... In a further ruse to try to beat the counterfeiters, it has “milled” edges, with grooves on alternate sides. Its bimetallic construction is similar to the existing £2 coin. ...
London's 'Cheesegrater' sold to Chinese tycoon for more than £1bn image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:51:54 PM
.... The weak pound has drawn in global investors, despite uncertainty created by the referendum. Officially called the Leadenhall Building, after its location, the tower was completed in 2014 after a four-year construction period and broke records for rents in the City. ...
Australia avoids recession as GDP grows 1.1% in December quarter image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:43:59 AM
....Before the release of the figures on Wednesday, the Treasury secretary, John Fraser, told Senate estimates the September result showed the “economy remains sensitive to shocks”. “There were some factors likely to be of a one-off nature such as the weather related disruptions in the construction sector. ...
Brexit means taxpayers need to support supply chain, says Nissan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:56:52 PM
....“From Nissan alone, we would like to spend something like £2bn or more per year on parts from the UK, assembled in the UK,” he said. Nissan is looking to increase content from British suppliers because of the threat of tariffs on components, which can travel several times between the UK and other EU countries during the construction of a vehicle. ...
‘Housing should be seen as a human right. Not a commodity’ | Patrick Butler image
.... The sales assistant replies that a three-bed flat would set her back over £3m. It’s not the most extreme example, but Canaletto typifies what Farha calls the “financialisation” of housing, a phenomenon common to cities like London, Sydney and Vancouver, which have seen the construction of swaths of hyper-expensive real estate, often in “regenerated” neighbourhoods. ...
All it took was an anchor … how a storm took down half the UK's electricity link to France image
....“We are starting to see the benefits of a two-way link, of meeting peak demands when there is insufficient domestic generation available on both sides,” said Steven Moore, chief executive of Eleclink, the Eurotunnel-owned company building a new 1GW link through the Channel tunnel. Last Friday, ministers attended the launch of the construction phase of the €580m (£495m) interconnector, scheduled for completion in 2019 and ready for commercial use in 2020, to carry atomic power from France to the UK – and an increasing amount of wind power in the other direction. ...
UK 'must insulate 25 million homes' image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:07:22 AM
.... . The report from a group of leading construction firms - the Green Building Council - says four out of five homes that will be occupied in 2050 have already been built. ...
Will Pirc squeeze Apple until the pips squeak? image
Source : Guardian [Read Article] Sunday 26th of February 2017 07:00:23 AM
....Break out the hi-vis jackets, it’s George Osborne again. The former chancellor – who used to relish photo opportunities of himself in a construction worker’s outfit at building sites like some wannabe member of the Village People – has not been completely out of sight since moving aside after the Brexit vote. ...
Quids in: why it’s time to get rid of your £1 coins image
Source : Guardian [Read Article] Saturday 25th of February 2017 07:00:05 AM
Education publisher Pearson reports biggest loss in its history image
Source : Guardian [Read Article] Friday 24th of February 2017 08:17:21 AM
....Staff will be braced for further losses this year with Pearson saying that it intends to “take further action to improve the overall efficiency of the company”. Pearson was founded in 1844 as a construction company which switched to the publishing sector in the 1920s. ...
Government intervention has led to higher energy bills, claims Lords report image
. Ministers should establish a new energy commission to spur on construction of power stations because successive governments have failed to encourage enough fresh power capacity in the UK, according to a House of Lords report. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
....Rita Barberá, a PP senator who died last November, had resigned from the party two months earlier after the supreme court announced an investigation into allegations of money laundering during her two-and-a-half decade run as mayor of Valencia. Meanwhile, the regional president of Murcia, the PP’s Pedro Antonio Sánchez, is due in court next month to answer questions over allegations of misuse of office and public funds relating to the construction of an auditorium when he was a municipal mayor. ...
What’s the point of building a million new homes if they’re not fit to live in? | John Harris image
.... When the news broke, the Bovis share price fell by 10%, wiping £100m off its stock market value. This is just one part of a bigger story of complaints about Britain’s construction giants – and what happens when the rush to build leads to corners being cut and houses left either unfinished or deeply defective. ...
The Bank of England is in denial. Brexit shows people don't act rationally | Robert Skidelsky image
.... The failure to spot this irrationality had led policymakers to forecast that the British economy would slow after last June’s Brexit referendum. Instead, British consumers have been on a heedless spending spree since the vote to leave the European Union; and, no less illogically, construction, manufacturing, and services have recovered. ...
Green Investment Bank: Australian bidder woos MPs as protests continue image
Source : Guardian [Read Article] Thursday 23rd of February 2017 10:33:25 AM
....”. Lord Barker, a former climate change minister, and Cable, a former business secretary, warned ministers this week that the taxpayer risked being shortchanged by the sale, as assets such as offshore windfarms under construction would be worth far more later. ...
Amazon, Deliveroo and Uber 'still viable' with no gig economy workers image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 02:32:09 PM
.... Several employment tribunal cases have ruled that gig economy workers, including for Uber, should not be classed as self-employed contractors. The Resolution Foundation calculated that 40% of the growth in UK self-employment since 2009 was in more “precarious” sectors, such as construction and cleaning, and earnings from self-employment had fallen from more than £300 to below £250 a week during the last decade. ...
Toshiba crisis: unions urge government to 'get a grip' on nuclear policy image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:01:48 PM
....A spokesman for Toshiba said the company remained “committed” to Moorside, but it was unclear how long it would remain involved in the project, or to what extent. The firm confirmed on Tuesday that it would reduce its role on the construction of new plants, instead focusing on lower risk involvement such as equipment supply and engineering. ...
Toshiba fuels fear of crisis after delaying earnings report image
Source : Guardian [Read Article] Tuesday 14th of February 2017 08:26:41 AM
.... Toshiba later said it had asked regulators to allow it to delay the release of its earnings and details of the nuclear writedown by a month while it investigates possible managerial wrongdoing at Westinghouse. Tsunakawa signalled this month that new nuclear projects would be reviewed in response to the anticipated multibillion-dollar writedown related to the purchase of a nuclear construction and services business by Westinghouse. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... It is careless, don’t-give-a-damn insouciance on an epic scale. It seems that a 21st-century version of Glass-Steagall, the core building block in the wholesale reconstruction of the US financial system in the wake of the Depression, was code for doing the exact opposite. ...
Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer image
.... The 2015 BoE/FCA regulatory report outlines the complexities of the lending operations: the HBOS-backed buyout of house builder McCarthy & Stone included the property moguls the Reuben Brothers and Scottish entrepreneur Sir Tom Hunter, who had also been involved with buying 220 pubs and Travelodge. HBOS and Hunter also bought construction company Crest Nicholson. ...
Welcome to rabbit-hutch Britain, land of the ever-shrinking home image
Source : Guardian [Read Article] Saturday 11th of February 2017 07:00:09 AM
.... At the other end of the spectrum was Denmark at 137 sq m (having all that space probably helps explain why it is allegedly the world’s happiest country). As recently as December 2015, Riba research showed that more than half of the new homes under construction were too small to meet the needs of the people who buy them. ...
Our dream home has been extended near trees – is subsidence a risk? image
Source : Guardian [Read Article] Thursday 9th of February 2017 07:00:16 AM
.... I am afraid these trees could cause us a great deal of subsidence trouble in future – although there don’t currently seem to be any signs of subsidence in the house. Would the construction company that did the work have had to account for these trees in some way – for example by building the foundations deep enough not to be affected by them? How can we find this out and should we even bother pursuing the purchase – or just walk away? NS. ...
Related to :
GSK needs no medicine despite talk of poor performance image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:49:04 PM
.... Rio may be luckier, but one expects more rigour. How is Sajid Javid’s white paper on the “broken” housing market going down? Are investors terrified by the sanctions that await any company hoarding land and not contributing to the government’s new construction targets? No. ...
Democrats must do to the Dakota pipeline what they did to Betsy DeVos: resist | Kate Aronoff image
. Under Donald Trump’s direction, the army approved on Tuesday a bid from Energy Transfer Partners to move ahead with construction of the 1,170-mile Dakota Access pipeline. ...
It's time corporate tax dodgers started losing lucrative council contracts | Paul Monaghan image
....In a significant step forward for tax justice, the UK government has said all councils in England, Wales and Northern Ireland must interrogate potential suppliers on any history of tax evasion and avoidance dating back to October 2012. At stake is £50bn of annual local government procurement, money used to pay for everything from electricity to building construction. ...
Councils to be told to build thousands more new homes image
Source : Guardian [Read Article] Tuesday 7th of February 2017 12:01:22 AM
....The white paper also outlines plans to break the dominance of some developers, in a marketplace where 10 companies build 60% of new homes. The £3bn homebuilding fund, previously announced by Javid at the Conservative party conference last year, would provide loans to small developers, custom builders and offsite construction with the aim of diversifying the market, DCLG said. ...
Housing association agrees to buy back homes on 'substandard' development image
....Clarion Housing is at the heart of the Orchard Village controversy, along with the building giant Willmott Dixon, the Greater London authority and Havering council, and the official housing regulator, the Homes and Communities Agency, which is accused by local residents and politicians of major failures. In January, Phil Martin, a local Ukip councillor, told a meeting of Havering council that the lives of Orchard Village’s residents “have been blighted by the substandard building work that has taken place” and that “the only solution is its demolition and complete reconstruction”. ...
Blackouts? What blackouts? How National Grid keeps the lights on image
Source : Guardian [Read Article] Monday 6th of February 2017 01:12:31 PM
....”. Solar power has grown from a tiny presence before 2010 to more than 11GW out of the UK’s total capacity of about 80GW, driven by subsidies for householders and the construction of large solar farms. ...
Shell begins huge task of decommissioning Brent oil rigs image
Source : Guardian [Read Article] Monday 6th of February 2017 07:01:20 AM
....Brent, which started pumping in 1976, is not the first field to be decommissioned in the North Sea, but it is one of the biggest. And the remote nature of the rigs – more than 100 miles north of Shetland in deep, hostile waters – together with the unusual concrete construction of three of the rigs pose a unique challenge. ...
Scotland needs publicly funded bank, says thinktank image
Source : Guardian [Read Article] Monday 6th of February 2017 07:00:20 AM
....Common Weal said there was an urgent requirement to set up a Scottish national investment bank that would use £1. 35bn in public funding for construction projects and another £2bn from investors to replace more expensive private financing. ...
New homes warranty firm pays millions to leading homebuilders image
Source : Guardian [Read Article] Sunday 5th of February 2017 05:26:47 PM
....The organisation that provides warranties for most of the new homes in Britain is paying millions of pounds to the leading housebuilders every year, raising questions about its independence and credibility amid a wave of complaints about the quality of new-build properties. NHBC, the standard-setting body and main home construction warranty provider for new builds in the UK, is paying around £10m to £15m every year to housebuilders through what is effectively a profit-share agreement. ...

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