SIG has issued a profit warning to the City, as weaker trading in May and June pushed back the timing of an anticipated market recovery. The group stated that “subdued demand has continued to be a factor in the majority of the Group’s markets” and expects its underlying operating profit …
Read More »One year on from Carillion’s collapse, Unite warns of Government inaction
Unite, Britain and Ireland’s largest union, has warned that a year after Carillion’s collapse the government’s inaction is putting jobs at risk and could result in future corporate meltdowns. Carillion went into compulsory liquidation on 15 January 2018, with £7 billion of liabilities and just £29 million left in the …
Read More »ACI delivers winter warning on arctic grade flexibles
The Approved Cables Initiative (ACI) is advising contractors and distributors to check their cable choices carefully following the discovery of significant quantities of substandard arctic grade flex this year. Early December has seen a continuation of the problem with suspected substandard arctic grade flex found on a central London …
Read More »Warning signs as construction output flat-lines, says FMB
Rising costs and continued uncertainty over Brexit are to blame for the slight drop in construction output, according to the Federation of Master Builders (FMB). Commenting on the construction output figures for October 2018, published by the Office for National Statistics, Sarah McMonagle, Director of External Affairs at the FMB, …
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