CMT Group

Profit boost at Morgan Sindall

Posted on July 19, 2017

Unlike their major competitors, Morgan Sindall seems to have buckled the trend with some positive trading results. The news is a welcome relief for the construction sector. Strong trading during the first half has been driven by margin and profit growth in Fit Out and margin improvement in Construction and Infrastructure. The first half...

Posted in CMT Group Blog by verve.

Kier buys McNicholas Construction

Posted on July 13, 2017

In a bid to strengthen its position in the utilities and infrastructure sector, Kier has bought McNicholas Construction in a rumoured £15-20m deal. This move will make Kier one of the leading UK utility services contractors. McNicholas employs nearly 2,000 staff with clients that include Virgin Media, Network Rail and UK Power Networks. McNicholas...

Posted in CMT Group Blog by verve.

Government plans a £1bn-a-year “bypass fund”

Posted on July 6, 2017

This week, the Government has unveiled a proposal to ringfence road tax in order to pay for a new £1bn annual fund to either improve or replace the most important A-roads across England. This is part of a new Transport Investment Strategy that will help to prioritise key local road schemes as well as rebalance the...

Posted in CMT Group Blog by verve.

Balfour Beatty predicts worker-free sites by 2050

Posted on June 28, 2017

  Balfour Beatty predicts that many construction sites will be largely worker free by 2050 as offsite construction and new digital technology starts to transform the industry. They believe that the few humans left on-site will be aided by advanced exoskeletons. Whilst it may seem far-fetched today, Balfour Beatty believes that...

Posted in CMT Group Blog by verve.

Buckingham Group sees delayed projects brought back on stream

Posted on June 21, 2017

Buckingham Group Contracting is targeting a turnover of £500m in 2018 after they have seen Brexit delayed projects being brought back on stream. Buckingham Group are currently focusing on a number of stadium opportunities and have been working on various aspects of the Spur’s stadium for a number of years now. They have also achieved...

Posted in CMT Group Blog by verve.

Grenfell Tower fire probe focuses on Cladding

Posted on June 14, 2017

Fire investigators have started to focus on how the Grenfell tower blaze managed to spread so quickly. The fire spread up the exterior of the building from the fourth floor in just 15 minutes. A rainscreen system was used on Grenfell Tower that is designed to include fire-breaks at every floor and every window...

Posted in CMT Group Blog by verve.

Plans submitted for a hotel and museum complex next to the Celtic club stadium

Posted on June 7, 2017

Celtic football club have submitted plans for a five-storey, v-shaped building with the intent to replace the current ticket office and club superstore. The new plans provide around 200 rooms at the London Road site outside of the main stand of Celtic Park and close to the Emirates Arena. If given the green light...

Posted in CMT Group Blog by verve.

Developer joins forces with Uber to ditch parking spaces

Posted on May 31, 2017

Moda, a private rented sector specialist, is in talks with taxi app Uber in a bid to reduce car-parking places in its city centre developments. The scheme will see residents receive up to £100 in Uber credits each month if they agree not to have a car parking space. Space previously used for car...

Posted in CMT Group Blog by verve.

Detailed plans submitted for £1.4bn Brent Cross scheme

Posted on May 24, 2017

A joint venture company between Hammerson and Standard Life Investments, have submitted detailed drawings for the redevelopment of the iconic Brent Cross Shopping Centre in London. The JV plan to double the size of the current Brent Cross shopping centre to 2m sq ft.  If planning is approved, preliminary work could start as soon as...

Posted in CMT Group Blog by verve.

Top Highways Specialist bought out by Tarmac

Posted on May 17, 2017

JB Riney, a business that offers expertise in a number of specialisms such as highways maintenance, civil engineering, surfacing, street lighting, winter maintenance and utilities infrastructure, has been bought out by Tarmac in an attempt to boost its presence in the London highways market.  It is understood that Tarmac is keen to break into the...

Posted in CMT Group Blog by verve.