Structural steelwork contractor Cleveland Bridge UK has ramped up its structures team with a number of senior recruits from across its major competitors. Above: Left to right are Tim Outteridge, Patrick Jackson, Guy Laws, Gursharun Thind, Andy Limbert, Steve Quinny and Gary Kipling With five new technical recruits Cleveland Bridge has brought in experience from William Hare, Severfield, Rowecord, Bourne Steel, Hollandia and others and project experience from the Shard to the Dubai Emirates Towers. Joining the team are engineering manager Patrick Jackson, senior projects manager Andrew Limbert, production manager Gary Kipling, construction manager Guy Laws and proposals manager Steve Quinney.  Patrick Jackson joins Cleveland Bridge from William Hare UAE, where he worked as engineering manager on the Mall of the Emirates in Dubai and Zayed University in Abu Dhabi. Senior projects manager Andrew Limbert joins from Severfield UK and has been involved in the management of the redevelopment of Kings Cross Station in London and construction of the Prestige Trade Tower in Bangalore, India. Production manager Gary Kipling joins from Hambleton Steel and previously worked for William Hare and Severfield Rowen, where he began as an apprentice fabricator. Proposals manager Steve Quinney previously worked for TEMA Engineering and Rowecord Engineering and has been involved in steelwork elements of developments at the British Museum, the Cardiff City Stadium and Swansea City FC’s Liberty Stadium. Construction manager Guy Laws was previously a site manager for Severfield. His past experience includes working as construction supervisor with Hollandia on the Wembley Stadium development, eight years with Bourne Steel and working for AIC in Abu Dhabi. The team is lead by international sales director Tim Outteridge and technical director Gursharan Thind, who was appointed last year.   Tim Outteridge said: “Expanding our building structures team with experienced engineering professionals from both the UK and international will enable us to increase our presence in this growing marketplace.  Through the end-to-end design, fabrication, project management and delivery service, we have the capabilities and experience to meet the steel structure requirements across the construction industry.” Darlington-based Cleveland Bridge is owned by Saudi Arabia’s Al Rushaid Petroleum Investment Company.               This article was published on 21 Oct 2016 (last updated on 21 Oct 2016). Source link

Gleeds, has been named project manager and cost manager for a £75m Glasgow city centre development. Above: Sauchiehall Street Plans include the provision of a 12-storey new build element, incorporating 130,000 sq ft of Grade A office space on Bath Street, as well as the remodelling and refurbishment of a second building, formerly home to retailer BHS. Improvements to a third premises on Sauchiehall Street will take the total area covered to 240,000 sq ft. Client for the project is Formal Investments. A portion of the BHS site has been tabled for demolition to make way for the new building, with the remaining construction set to house around 80,000 sq ft of office space above the existing store site. Gleeds will help with the appointment of additional consultants as well as managing the entire programme of works once planning permissions have been received. Subject to appropriate approvals, work is expected to begin in summer 2017. Gleeds director Brian Stevenson said: “This scheme has the potential to completely transform both the commercial and public realms of this part of Glasgow and represents a fantastic opportunity for business across the board.”     This article was published on 13 Jul 2016 (last updated on 13 Jul 2016). Source link

4 June 2016 – by Nick Leslau It’s time to turn down the volume on the Brexit debate. There is way too much noise and emotion without much credible substance. We all seek the same goal – long-term prosperity – and what we need is a more objective debate on how best to secure it. As the son of an immigrant, I see only good, both economic and cultural, coming from immigration and abhor the “they nicked our jobs” rhetoric voiced by the worst of the Brexit campaigners. Yet so much of the case for Bremain is founded on the fear of immediate-term economic disruption. I agree that the commercial constipation of the past couple of months won’t be improved by Brexit, which would create a period of further inactivity as we seek to establish a new status quo. However, I want a new status quo. This debate centres on issues way beyond the next 12 months of commercial considerations. It is about democracy, independence and the unfettered ability of this nation to self-determine the future for our children and grandchildren. For me, the argument is simple. The EU is utterly undemocratic. Who can name their MEP? Who knows what the 25,000 highly paid lobbyists in Brussels funded by big business are lobbying for? We know that European politics is inherently corrupt, so why do we just accept it? Secret deals are being done daily by arrogant, unaccountable politicians with too many private agendas and I really don’t like it. All the content from this weekís magazine, including this article, is available in the new app. Lord Young pointed out recently that continental Europe is run by constitutional law, with its roots in Roman law. There is ordnance for everything and life within the regulations is highly prescriptive. In the UK, common law and precedent rule our lives and Young’s view, which resonated with me enormously, is that the reason the UK has for so long punched above its weight is the liberal freedoms it enjoys to push boundaries and innovate in so many fields. As we gravitate towards the European state, we will be consumed by the restrictive practices and conventions of the lowest common denominator, a morbidly obese Europe in desperate need of a tortuous diet of structural reforms. As a result of this, the economic malaise on the continent is giving birth to a scary nationalism, which will threaten more than just our financial lives, and I want us to be one giant step removed from it. London is the greatest city in the world in which to live, work and play – and will continue to be on 24 June, whether in or out of the EU. The notion that it will cease to be the financial powerhouse of Europe is twaddle, as is the belief that major European countries will punish us in retribution for leaving. Both sides need each other to trade, so they will. To live in the UK is a privilege. Its legal structures, cultural diversity, ambition and intellectual energy and creativity need to be maintained and developed without the noose of the failed European project around its neck. For the property sector and industry generally, Brexit will cause an initial period of instability, but in the longer term I believe the extra freedom we will enjoy will be positive for occupational demand. No one surely is suggesting that property values in Zurich or Manhattan are dependent upon anything other than supply and demand, so why will our market be any different outside of Europe? I recognise that many will be making a decision on 23 June based on their jobs, mortgages and cost of bringing up kids, which is hugely important, but so is their longer-term future and, if any of the above resonates at all with you, then this is the time to debate it. The opportunity to change tracks may never come again. Source link

The latest monthly survey of construction purchasing managers indicates a solid return to growth for UK construction activity in September 2016. Above: Cause for celebration… September data highlighted an upturn in business activity across the UK construction sector for the first time since May, primarily driven by a recovery in residential building. New orders also rebounded during September, according to sample data gathered by ISH Markit, ending a four-month period of sustained decline. Survey respondents cited improving confidence among clients and a reduced drag on demand from Brexit-related uncertainty. Reflecting this, construction firms indicated a further recovery in their business expectations for the next 12 months, with optimism the strongest since May. Nearly half of the survey panel (45%) forecast a rise in output over the year ahead, while only 9% anticipate a reduction. However, the degree of confidence remained softer than that seen at the start of 2016. Adjusted for seasonal influences, the Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) registered a score of 52.3 in September, up from 49.2 in August and above the 50.0 no-change value for the first time in four months. The latest reading was well above July’s seven-year low and indicated the fastest rise in construction output since March. The pace of expansion was nonetheless still softer than the long-run survey average (54.6).     A solid rebound in residential activity was the key factor boosting overall construction output during September. Moreover, the latest increase in housing activity was the strongest recorded since January. A number of firms cited resilient demand for residential building work and generally improving market conditions. Construction companies pointed to a renewed rise in civil engineering activity, with the pace of expansion the fastest since March. Commercial construction activity decreased for the fourth month running, which is the longest period of sustained decline since early-2013. However, the latest fall was only modest and the slowest recorded since the downturn began in June. Higher levels of overall construction activity were supported by a rise in new work for the first time since April. Anecdotal evidence suggested that signs of improving domestic economic conditions, and an upturn in housing-related demand in particular, had contributed to greater volumes of incoming new work in September. This in turn led to a further moderate rise in employment levels across the construction sector, although sub-contractor usage continued to fall at one of the fastest rates since late-2013. Mirroring the positive trends seen for business activity and new work, survey data highlighted a return to rising input buying across the construction sector. Meanwhile, construction companies indicated that supply chain pressures eased in September, with the latest deterioration in vendor performance the least marked seen for almost six years. There were again widespread reports that exchange rate depreciation had pushed up the cost of construction materials during September. A number of survey respondents noted that domestic suppliers had sought to pass on higher imported raw material costs. Although easing since August, the rate of input price inflation was close to the highest for two years.     Tim Moore, senior economist at HIS Markit and author of the Markit/CIPS Construction PMI, said: “UK construction companies moved back into expansion mode during September, led by a swift recovery in residential building from the three-and-a-half year low recorded in June. “Resilient housing market conditions and a renewed upturn in civil engineering activity helped to drive an overall improvement in construction output volumes for the first time since the EU referendum. A number of survey respondents noted that Brexit-related anxiety has receded among clients, although it remained a factor behind the ongoing decline in commercial building work. “Construction firms appear reasonably optimistic about the near-term outlook, with confidence linked to the fastest rise in new orders since March and a more upbeat economic newsflow in general. However, the sector remains on a much weaker growth trajectory than seen at the start of 2016, which contrasts with the export-led surge in manufacturing production during September. “Not only are UK construction companies feeling the impact of subdued investment spending relative to earlier this year, but the weak pound has contributed to a sharp acceleration in cost inflation. There were again widespread reports that domestic suppliers had acted quickly to pass on higher imported raw material costs, despite softer demand conditions in recent months.” Will Waller, market intelligence lead at Arcadis, said: “The improved score is really good news but gives reason for cautious optimism however, with the mooted triggering of the formal EU exit process in the first quarter of 2017 likely to be a catalyst for further, potentially deeper, uncertainty in the market.  This could still bring risks to construction demand growth depending on the actual or perceived progress in Britain’s negotiations with the EU, which will be the critical influencer on future levels of sentiment and investment.” Paul Trigg, construction specialist and assistant head of risk underwriting at insurance company Euler Hermes, said: “Payment issues in the construction sector were increasing even before the Brexit vote and going forward, this trend should continue. Weaker investment flows, higher input costs, skilled and migrant labour shortages and a cutback on bank lending will all have a part to play too. “Construction is sitting in the eye of the storm. The sector has yet to feel the full brunt of Brexit as a healthy pipeline of work will carry companies through the next 12 to 18 months. Triggering Article 50 is likely to spark a significant change, and encouraging indicators could be false positives. “The government has an opportunity in the autumn statement to strengthen the commitment to infrastructure spending. Projects like Hinckley Point, together with smaller scale developments to keep the economy moving, will be on the wish list of a sector that needs more prospects on its horizon.”             Further Images This article was published on 4 Oct 2016 (last updated on 4 Oct 2016). Source link

Breedon Aggregates reports a solid performance for the first half of 2016, with sales much the same as last year, but profits are up and debt has been eliminated. Breedon’s revenue for the six months to 30th June 2016 was up 2% to £163.0m (2015: H1: £160.5m). It sold 4.6 million tonnes of aggregates (2015: 4.5 million tonnes), 0.9 million tonnes of asphalt sold (2015: 0.9 million tonnes) and 0.5 million m3 of ready-mixed concrete (2015: 0.4 million m3). Pre-tax profit for the period was up 19% to £20.9m (2015 H1: £17.5m). As of 30th June 2015, Breedon Aggregates had net debt of £58.3m. A year later it had net cash of £17.6m. These are likely to be Breedon’s last reported results before its £336m acquisition of Hope Construction Materials, which is expected to complete on 1st August 2016. Executive chairman Peter Tom said: “We delivered an excellent operating performance in the first half, with both our businesses making strong contributions, improving revenues and EBIT margins. “Whatever the prognosis for the UK economy, we remain confident that we can continue to generate value for our shareholders.  We have some major contracts which will help to underpin our performance during a period of uncertainty, along with a strong balance sheet and a record of strong cash generation in challenging markets.  We have also demonstrated our ability to deliver a strong performance through determined self-help and we will maintain this discipline irrespective of market conditions.  “The strategic rationale of the acquisition of Hope remains compelling and it will present new opportunities to deliver self-help improvements.  It will also give us an even stronger platform for growth through a broader geographical footprint, increased scale, improved product mix, greater financial capacity and some highly talented people.  We fully intend to use this strengthened platform to continue to pursue our strategy of consolidating the UK building materials market.  Indeed, we believe that market uncertainty may create further opportunities for value-creating acquisitions and we are currently considering a number of potential bolt-ons. “Against this background we remain confident of meeting 2016 market expectations.”         This article was published on 21 Jul 2016 (last updated on 21 Jul 2016). Source link