Industry News Roundup
14th December 2018
The latest news this week in the Built Environment:
Hitachi and Spencer Group join forces for £500m Tyne and Wear Metro deal bid
Hitachi and Spencer Group have launched a joint bid to win a £500m contract to build new trains and a maintenance depot for the Tyne and Wear Metro. Read more…
Balfour Beatty delivers 2-3% construction margin goal
Balfour Beatty chief Leo Quinn has achieved his goal of returning the business to industry standard margins by the end of this year. Read more…
London millennial exodus fueling rental growth across UK
Across the UK’s regional hubs, rents are continuing to spiral upwards faster than both London and the UK average, driven by workers continuing to relocate from London amid rising living costs. Read more…
Scottish Water trials use of sniffer dogs to find leaks
Sniffer dogs are being used to help find leaking water mains for the first time in Scotland and have scored a big success with two discoveries in the past few days. Read more…
Infrastructure giant Amey to be sold to private equity firm in new year
Infrastructure giant Amey is expected to be sold to a private equity firm in the new year, according to reports. Read more…
Northumbrian Water agrees ‘second life’ energy storage deal
Northumbrian Water is planning to pilot the use of large-scale battery storage at a number of sites across the North East, Essex and Suffolk. Read more…
