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Solana Outperforms Bitcoin; Possibly Poised to Follow Ether’s Recent 200% Rally, Says Analyst SOL is the “most obvious long right now,” fueled by up to $2.6 billion demand from crypto vehicles in the next month, Arca CIO Jeff Dorman said. Updated Sep 3, 2025, 7:05 p.m. Published Sep 3, 2025, 7:04 p.m. With bitcoin BTC$110,673.49 stuck just above $110,000 and ether (ETH) consolidating after hitting fresh records, Solana SOL$207.14 has emerged as a standout performer in the crypto market recently. The token traded around $211 on Monday, up 33% from early August lows, making it one of the best performers in the CoinDesk 20 Index in the past month. Against bitcoin, SOL has gained 34% over the past month, and it has strengthened 14% versus ETH since mid-August. The rally reflects a broader rotation into altcoins, analysts said. “The season of profit redistribution among holders of cryptocurrencies continues,” Sergei Gorev, head of risk at YouHodler, said in a market note shared with CoinDesk. He said liquidity has been moving out of BTC into second-tier tokens, with “a noticeable increase in the positive dynamics in capital flows to SOL.” Such flows could be long-term as corporate investors look for large, liquid projects to hold, Gorev added, naming SOL alongside with XRP XRP$2.8440 as the “next interesting market ideas.” Jeff Dorman, chief investment officer at Arca, tipped SOL to replicate ether’s turnaround earlier this year. He pointed to Ethereum’s resurgence after stablecoin adoption, strong ETF inflows and the relentless bid from digital asset treasuries, or DATs, helped ETH rally nearly 200% since April. “SOL appears poised to repeat the exact same playbook that ETH just executed in the coming months,” Dorman wrote in a fresh report. The first U.S.-listed Solana ETF launched in July, but it was futures-based. Several asset managers, including VanEck and Fidelity, have filed for spot products with decisions due later this year, Dorman said. Meanwhile, at least three Solana-focused DATs are raising funds that could channel up to $2.65 billion into SOL over the next month, he added. Solana-focused digital asset treasuries announced (Arca) At only one-fifth of ETH’s market capitalization, SOL’s price could be even more reactive to the flows if they materialize. “SOL might be the most obvious long right now,” Dorman said. “If the price of ETH rose almost 200% on roughly $20 billion of new demand, what do you think happens to SOL on $2.5 billion or more of new demand?” Recent news could also add to the momentum. Nasdaq-listed digital asset conglomerate Galaxy Digital tokenized its shares on Solana, while the approval of the Alpenglow upgrade promises to improve transaction speed and finality. Read more: TRUMP, XRP, and SOL Options Signal a Potential Year-End Altcoin Season: PowerTrade AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. More For You Gold Outshines in 2025 as Bitcoin-Gold Ratio Eyes Q4 Breakout Gold’s 33% surge cements its role as the benchmark asset, while bitcoin’s long-term structure against gold signals a decisive move ahead. What to know: Gold, fueled by falling bond yields and economic concerns, has outpaced both the Nasdaq and bitcoin this year. The BTC/XAU ratio sits in a long-term ascending triangle, with a potential breakout possible later this year or early 2026. Read full story Read More

Central Docks [image from Peel Waters] Waterside regeneration specialist Peel Waters has appointed John Graham Construction as main contractor for the infrastructure works at Central Dock, the largest brownfield site in Liverpool At 10.5 hectares, Central Docks is the largest of the five planned neighbourhoods within Peel’s wider, emerging Liverpool Waters district.   Graham’s appointment follows the recent completion of several residential developments in Liverpool Waters, as well as site investigations and production of the final designs for the infrastructure and 2.1-hectare Central Park.  Graham will now move into the role of main contractor and will be responsible for completing infrastructure to support the delivery of approximately 2,350 new homes, in line with Peel Waters’ masterplan for the area. Infrastructure includes underground utilities, roads and public realm.  The works also involve the construction of a 2.1-hectare Central Park that sits at the centre of Peel Waters’ plans for Central Docks. Hundreds of trees will be planted within the park, alongside sports, recreational and play facilities for residents and visitors. Early works, including preconstruction activities, design and site mobilisation started in August, with site clearance and remediation works beginning later this year. The £71m contract awarded to Graham represents the largest portion of the £81.1m total project cost. This investment will be underpinned by £25.9m direct investment from Peel Waters, alongside a £55.2m taxpayer contribution, via Homes England. Peel Waters managing director James Whittaker said: “The appointment of Graham is a major step forward in turning our vision for Central Docks at Liverpool Waters into more of a reality as it means we are gearing up to breaking ground to provide much needed infrastructure to enable more development plots and housing to come forward.” Peel Waters has worked with Graham on previous projects including Millers Quay across the Mersey at Wirral. Project consultants and advisors include: Walker Sime – client representative, NEC PM, QS Actua – NEC supervisor Planit  & Layer Studio – Landscape architect Curtins – civil and structural engineer Crookes Walker Consulting and Hannan Associates – MEP/utilities Safer Sphere – CDM advisor Civic Engineers – civils, structural, highways, geotechnical Daci Utilities Engineering Consultancy – utility infrastructure design Pegasus – planning Bate & Taylor – architect Got a story? Email news@theconstructionindex.co.uk Read More

Ardmore’s Britannia project in Hackney, from November 2024 Administrators from Begbies Traynor were appointed to Ardmore Construction Limited last week as part of a restructuring of the London-based Ardmore Group. After pivoting its main contracting activities from Ardmore Construction Limited (ACL) to the recently established Ardmore Construction Group Limited, ACL is now considered a legacy business – it has not taken on new work since 2021. ACL has not taken on new work since 2021 and has been weighed down by long-running post-Grenfell cladding-related litigation regarding projects completed up to 20 years ago. In the case of BDW Trading Limited v Ardmore Construction Limited [2024] EWHC 3235, the Technology *& Construction Court upheld an adjudicator’s decision requiring Ardmore to pay £14m to BWT (a Barratt Developments company). ACL’s most recent accounts show a £14.1m pre-tax loss on turnover of £313m in the year to September 2023. In the same year Ardmore Construction Group made a loss of £16.5m on £401m turnover. Neither company has yet filed accounts for 2024. With ACL now being wound up, Ardmore Construction Group is forecasting a return to profit in the current financial year, with a projected post-tax profit of £2.5m for the year to September 2025, following the close-out of historic liabilities and a renewed focus on delivery through its specialist construction companies. Over the past six months, the group has worked to reduce ACL’s remaining liabilities, including negotiating the closeout of multiple performance and retention bonds. Chairman and owner Cormac Byrne said: “The last two years have tested the entire industry, but we’ve emerged stronger. We’ve taken tough decisions, restructured how we work, and focused on delivery that we know we can control, which has brought us back to profit. “ACL played a major role in our history, but it no longer fits how the group operates. The decision to close it has been taken and we’re now just drawing that chapter to a close, with minimal disruption to the wider business.” He said that there would be no impact on live contracts or current projects as a result of ACL’s closure. Got a story? Email news@theconstructionindex.co.uk Read More

Monodraught’s ResiVent Zero product provides ventilation without mechanical fans The acquisition of Monodraught expands Genuit’s presence in the ventilation, cooling and heating sector. Monodraught will sit in Genuit’s  Climate Management Solutions (CMS) business unit, adding £19m revenue in the first year. Genuit said that Monodraught complemented its existing ventilation brands, Nuaire and Domus, with minimal product or market overlap, providing an opportunity for Genuit to bring commercial scale and market access beyond Monodraught’s core. Genuit chief executive Joe Vorih said: “I am delighted to welcome the Monodraught team to Genuit. They bring an innovative and highly complementary portfolio of ventilation products, as well as a controls and data management capability that extends our offering and enables us to integrate heating and cooling solutions from across the group. The acquisition significantly strengthens our position in the attractive UK ventilation market, which is benefiting from environmental and regulatory tailwinds. This is evident both in the strong growth of Monodraught in recent years alongside the demand for our existing portfolio of ventilation and low carbon heating and cooling products. We expect this to continue and are excited about the opportunities ahead.”  Got a story? Email news@theconstructionindex.co.uk Read More

John Sisk & Son has agreed to acquire Farrans Construction from building materials provider CRH. Farrans, which employs 625 people, is a Northern Ireland-based contractor operating in building and civil engineering across sectors including aviation, water and renewable energy in the UK and Ireland. The deal, which remains subject to regulatory approval from Ireland’s Competition and Consumer Protection Commission, will see Farrans continue to trade under its own name, with operations on existing projects unaffected. Financial terms have not been disclosed. Sisk is Ireland’s largest construction and civil engineering business, with operations in Ireland, the UK and mainland Europe. In the 2024 CN100 list of the top UK construction firms by turnover, John Sisk and Son sat at number 56, with revenue of £350.7m. The company said the acquisition would strengthen its ability to deliver large-scale infrastructure across the UK and Ireland. Sisk chief executive Paul Brown said: “The acquisition of Farrans represents an excellent opportunity for Sisk to broaden its sectoral reach across the UK and Ireland. Their strong reputation and track record in delivering complex infrastructure projects aligns well with our strategic growth ambitions. This acquisition creates significant opportunity to capitalise on the growing aviation, energy, water and utility sector markets, leveraging the combined capability and highly skilled workforce.” Farrans managing director Dominic Lavery said: “This is a positive development for Farrans, and we believe that Sisk is the right strategic fit for our business as we look to the future. We’re pleased that Farrans’ people, culture, and brand will be retained, and we look forward to working together to deliver for our clients across the UK and Ireland.” Farrans is part of Belfast-based Northstone (NI), which formerly included building materials arm Northstone Materials and access systems manufacturer Cubis Industries. In May 2023, the business was restructured so that Northstone became the immediate parent company of Farrans only, with the other divisions transferred to separate entities. Parent company CRH announced in December 2022 that it was considering divesting Farrans as part of a strategic review. In January, Northstone said that Farrans remains profitable. Its accounts for the year to 31 December 2023 showed turnover of £512.5m and pre-tax profit of £8.2m. The figures combine five months of trading from all three businesses prior to the restructure and seven months of Farrans-only results, meaning no direct like-for-like comparison is available. By contrast, the 2022 results covered a full year of all three businesses, showing turnover of £540m and pre-tax profit of £7.2m. As at the end of 2023, Northstone (NI) reported £156m in assets, worth £20.7m after liabilities were deducted. In 2022, the combined net assets of the three businesses stood at £151.2m. Read more about Farrans Read more about John Sisk & Sons Read More

Mace has scooped a major project to revamp London’s former City Hall. The planned revamp to the Greater London Authority’s (GLA) former headquarters will result in new office space, plus retail and restaurant space on the ground floor and new public realm space surrounding the site. Construction News understands Mace was appointed on the project under a preconstruction services agreement (PCSA). A spokesperson for Mace declined to comment on the story. Morrisroe Demolition has been appointed to strip the façade of the former City Hall, carry out enabling works in the basement, and remove materials from site. It will also install reinforced concrete piled foundations, drainage and waterproofing before handing over the stabilised structure to Mace. The project – reportedly valued at £150m – is set to generate around 1,000 new jobs, according to the construction scheme’s website. Internal office space will grow from 9,899 square metres to 10,530 square metres, while flexible commercial space will expand sharply from 61 square metres to 2,436 square metres. Across the building, this amounts to a gain of 3,006 square metres net internal area. The lower ground floor, previously used as offices, will be reconfigured to provide 3,380 square metres of flexible commercial floorspace, including a market hall layout with food and retail provision, supported by new lifts to address accessibility shortcomings in the existing ramp. The scheme also replaces a garage structure with 257 square metres of new landscaped public realm. Urban greening will increase by 104 per cent, while cycle parking will rise from 72 to 435 spaces. Design changes include reinterpreting the distinctive Foster + Partners diagrid with new banding and planting, together with soft landscaping. Plant enclosures and facade modifications will be introduced to improve energy performance, targeting an EPC upgrade from D to B, BREEAM Excellent certification, and net-zero carbon operation. Southwark Council gave the project the green light last December and enabling works began in August, according to the developer St Martins. Construction work is set to start in February next year. The site has been empty for nearly four years since Mayor of London Sadiq Khan moved the GLA’s offices to the Royal Docks. Once completed, the site will be known as 110 The Queen’s Walk. On its website, St Martins said the scheme will “retain the distinctive character of the original building while significantly enhancing its sustainability, functionality, and public realm”. By “refining” the structural design, St Martins said it would use 27 per cent less steel compared with an earlier version of the scheme it had drawn up. That is equivalent to saving 812 tonnes of carbon dioxide, it added. Design firm Gensler, project manager B&CO and engineers from Waterman are all involved in the scheme. The project to revamp City Hall is the latest in a number of high-profile jobs scooped by Mace in the capital. Last month, it was named construction manager on a £1.1bn job to redevelop the British Library, and scooped a project to build a new 30-storey tower in the City of London. Read More

The process of winding down Haydon Mechanical & Electrical is continuing, a year after the company went into administration leaving £10m in debt behind it. Jamie Playford, one of the joint administrators from insolvency practitioners Leading Business Services, has said that he was unable to conclude the administration, and is continuing to recover debts owed to the specialist before its various creditors can be paid out. “I will, in due course, take steps to adjudicate unsecured claims and to distribute funds to secured creditors under their floating charge and to unsecured creditors out of the prescribed part,” Playford said in the latest progress report filed with Companies House. Haydon called in Playford and Alex Dunton as joint administrators on 25 July 2023, a year after cashflow problems prompted it to enter into a company voluntary arrangement with its creditors. The firm’s only secured creditor is its former owner the Mears Group, which is owed £2.2m in relation to a 2013 management buyout. “No payments have been made to secured creditors under either their fixed or floating charge to date,” Playford confirmed in his latest report. At the time it went in administration, a report from Leading revealed Haydon owed £9.6m to unsecured trade creditors when it collapsed. Two companies, Edmundson Electrical and Cardiff-based BSS Group, were owed more than £600,000 each. In total, 225 unsecured creditors were listed in the latest progress report, with claims of £11.5m. In the report, Playford said it is understood that Haydon M&E has been owed retention funds from three debtors across six unnamed projects. Because of the complex nature of the debt, the administrators instructed Robert Pearce Associates to assist in the collection of the sums owed. It was also previously thought that Haydon was owed a VAT refund. But that seems to have been offset by liabilities owed to the HMRC, which Playford said is unlikely to receive any disbursement. Haydon could trace its roots back to 1885, when it started as an ironmongery business. It later moved into heating and plumbing before specialising in mechanical and electrical engineering services. The £66m-turnover firm posted a pre-tax loss of £6.2m in its most recent accounts for the 2021 calendar year. Before its problems began, Haydon was focused on luxury high-rise residential buildings and worked on the 75-storey Landmark Pinnacle in Docklands (pictured), as well as the 52-storey One St George Wharf in Vauxhall. Read More

The government has announced plans to overhaul its flagship fast-track infrastructure consenting process, after confirming that not a single applicant has used the route since it was introduced in September 2024. The Ministry of Housing, Communities and Local Government (MHCLG)  said the current system, designed by the previous administration to speed up development consent decisions, was “overly restrictive and inflexible”. Ministers now intend to rework the policy to better support their economic growth agenda and the delivery of 150 major infrastructure projects within this Parliament. Despite being marketed as a route to decisions within 12 months, the fast-track process has so far failed to attract applicants. Officials cited concerns among developers over the mandatory enhanced pre-application process and the high evidential burden required to qualify. The department also noted that the shorter examination timetables relied heavily on timely cooperation from statutory consultees, which has proven difficult to guarantee in practice. An MHCLG consultation document acknowledged that, while some aspects of the fast-track approach have started to inform wider improvements to examination timelines, the formal policy had not delivered on its intended purpose. Revised proposals now under consultation would make the fast-track route more flexible and widen eligibility criteria. Under the changes, projects could qualify for fast-tracking based on their alignment with national priorities, even if they do not meet all technical requirements. Ministers would also be able to direct projects into the fast-track system, removing the existing restriction that applicants must opt in. The updated process would no longer mandate use of the Planning Inspectorate’s enhanced pre-application service, although this would remain an option. The government also plans to play a more proactive coordination role across agencies to ensure rapid progress for qualifying schemes. The move forms part of wider reforms to the Nationally Significant Infrastructure Project (NSIP) regime, aimed at reducing consenting delays and attracting investment into sectors such as energy, transport and water. Average examination and reporting times across all NSIP applications have already begun to fall, the government said, helped by digital reforms and updated national policy statements. Officials are now seeking industry views on how to determine project priority, whether to reduce applicant choice in favour of government direction, and what tools are needed to ensure faster decision-making throughout the consenting process. The consultation is open until 23 October. What are the main proposals in the government’s consultation on streamlining infrastructure planning? Regular Reviews of National Policy Statements (NPSs): All NPSs must be reviewed at least once every five years to ensure they remain current and fit for purpose. Streamlined NPS Updates: A new, faster process would allow targeted updates between full reviews to reflect legal changes, policy shifts or court rulings. Simplified Consultations: Consultation would remain a requirement, but reports would be shorter and more focused on key themes and their impact on project design. Post-Consent Delivery Support: New measures would reduce delays after development consent is granted, helping projects move into construction more quickly. Greater Procedural Flexibility: Planning requirements could be scaled based on a project’s complexity, with some schemes redirected out of the NSIP regime where appropriate. Clearer Statutory Guidance: Guidance documents would be revised to clarify what is—and is not—required at each stage of the process, reducing uncertainty. Reduced Judicial Review Delays: Legal challenges would be limited by cutting the number of permission attempts from three to two and removing appeal rights in cases deemed “totally without merit”. Cost Recovery for Pre-Application Advice: The Planning Inspectorate would be able to charge for enhanced pre-application services, with a tiered support model for more complex schemes. Pre-Application Prospectus: A new guidance document would explain what applicants should expect and prepare before formally entering the NSIP process. Stronger System Capacity: Reforms would address resourcing gaps across the Planning Inspectorate, local authorities and statutory consultees, alongside revised fees and clearer expectations for all parties. Source: MHCLG consultation document  Read More

Administrators for specialist Malin Industrial Concrete Floors are considering issuing a claim against its former directors. The Greater Manchester-based firm, which worked mainly on laser screed flooring for major contractors including Buckingham Group and Sir Robert McAlpine, went under in February 2023. A report by Forvis Mazars, published last week, said that the company’s commercial offices and warehouse in Sale were sold before administrators were appointed. In the £25.6m-turnover firm’s final draft management accounts they were valued at £760,000. Administrators have been trying to agree a settlement for months, with one of the former firm’s two directors making an offer last year. The insolvency specialists said that they asked for income, expenditure and asset information from both directors but did not receive a response. It had a legal claim issued to the pair in October last year, giving them 21 days to respond, the administrators’ update said. This was extended by 21 days after a solicitor on behalf of  the director that had not made the offer asked for more time. “Unfortunately, no response was received by the deadline and the solicitor later confirmed that they were no longer instructed,” the administrators said. The administrators said they have been speaking to solicitors and creditor representatives to agree next steps in a “potential claim against the directors” this year. The report said no further comment could be made on the potential claims at this stage. Some 93 unsecured creditors have submitted claims worth a combined £6.1m so far, with Bibby Financial Services owed £1.2m for a loan. HMRC has submitted a final claim of £326,788, of which £78,116 has been claimed as preferential and £248,672 claimed as non-preferential. The finance company has been repaid £634,482 so far. It is not known how much will be raised in total to repay creditors, the administrators’ report added. Read More

Skip to content Contact Us: 1-877-NED-DIRT or 1-877-633-3478 Home » Kisun Chung, Vice Chairman of HD Hyundai, Presents A Golden Loader Award to NED Top Executives During CES Show in Las Vegas Kisun Chung, Vice Chairman of HD Hyundai, Presents A Golden Loader Award to NED Top Executives During CES Show in Las Vegas Press Release: January 29, 2024 HD Hyundai had a prominent voice at this year’s CES show on January 10th, in Las Vegas, Nevada. Kisun Chung, Vice Chairman of HD Hyundai and the grandson of the late Ju-yung Chung, founder of Hyundai, was a keynote speaker at the show. John Taylor III, Chairman of NED, and Zack Kavanaugh, Vice Chairman of NED visited the HD Hyundai interactive CES exhibit and attended Mr. Chung’s keynote speech. As HD Hyundai Construction Equipment’s largest North American dealership, John and Zack took the opportunity to meet with Mr. Chung along with several top-level executives from HD Hyundai’s Construction Equipment Division. During his CES Keynote speech, Chung presented Hyundai’s Xite Transformation, HD Hyundai’s solution to develop a more sustainable future for humanity. He shared Hyundai’s plans to enable smart construction sites with the help of AI technologies, autonomous equipment operation, site control, remote control solutions, and eco-friendly electrification, along with other future equipment innovations. “Hyundai has an unparalleled history of setting bold goals to become leaders in various industries and then quickly achieving those goals. Under Mr. Chung’s leadership, we believe construction equipment is the next place Hyundai will dominate,” said Kavanaugh. During their meeting, Chung presented NED with a gold-plated scale model of a Hyundai wheel loader as a token of his appreciation to National Equipment Dealers for their continued loyalty and support as a successful dealership and HD Hyundai partner. “National Equipment Dealers envisions a future in which HD Hyundai leads the industry as a top OEM in North America and Mr. Chung’s vision will help us collectively achieve that,” said Kavanaugh. pddweb212024-01-29T17:53:36-06:00 Share This Story, Choose Your Platform! Related Posts Go to Top Read More