Global independent investment management firm DIF Capital Partners (DIF) has announced the divestment of its 10.66% shareholding of London's new super sewer as the project moves towards completion.
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Inflation impact on construction expected to continue as the construction market enters a slowdown
Falling commodity prices are not expected to counteract soaring energy prices in the next year, resulting in inflationary pressures impacting the construction sector through most of 2023, according to new research.
Network Rail profits slashed as inflation bites
Network Rail profits fell by 80% year-on-year despite revenue remaining relatively stable.
Movers and shakers: Biggest construction and engineering appointments in August 2022
While the summer months are quieter in terms of news and high-level changes, there have been significant new appointment at British Water, Balfour Beatty and Ramboll, to name a few, while Willmott Dixon has created a brand new director role.
Thousands of construction workers to benefit from Kier’s sick pay policy
Thousands of construction workers are to benefit from Kier’s revised sick pay policy.
Forging a consolidated supply chain across the country is key to sector’s success
With SMEs in the North under significant financial distress now is prime time to consolidate supply chains to the betterment of the construction industry and wider economy.
Construction’s ‘healthy’ acquisition activity driven by green focus
The construction and engineering sector is enjoying "healthy" levels of dealmaking activity despite fears of wider economic recession, according to leading accountant PwC.
Positive signs for construction despite output falling for first time in 18 months
Construction output declined last month for the first time since January 2021 but materials price pressures are starting to level off, according to data collected by industry analysts.
Saudi megacity lures contractors and consultants
UK geotechnics giant Keller has said it could earn “hundreds of millions of pounds” from Saudi Arabia’s proposed desert megacity as firms line up for work on the huge project.
WSP to acquire Capita’s infrastructure consultancy business
WSP has reached an agreement with UK-headquartered Capita to acquire two real estate and infrastructure consultancy businesses for £60m.