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Eurozone Consumer Confidence above expectations (-15) in July: Actual (-14.7)

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National Highways major projects chief to join Skanska

Dean Sporn has worked at the roads body for eight years in the Major Projects directorate as Director of Enhancements. During his time at National Highways he has been responsible for multiple schemes including the A417 Missing Link, M25 J10 and A30 Chiverton to Carland Cross. Prior to National Highways, Sporn spent seven years as General Manager of Australian based CPB Contractors. He is a civil engineer with 30 years’ experience. Andrew English, Executive Vice President, Skanska UK, said: “Dean will bring extensive infrastructure experience to Skanska, from the UK and overseas, and I very much look forward to welcoming him to the team. “With his strong commitment to safety, quality and values-led approach, Dean will be an excellent addition to our highly experienced Infrastructure business.” Sporn added: “Skanska is forward-thinking, with a people-led culture driving performance. It’s commitment to values, behaviours and doing business in the right way is widely recognised in the industry. “While I highly value my eight years with National Highways, I’m now looking forward to joining Skanska at what is an exciting time for the business.” Read More

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Contractors brace for more pain as material prices climb

A new report from insurer QBE, in partnership with global risk consultancy Control Risks, warns that recent international tariffs on key materials like steel, aluminium and timber are already pushing up costs and impacting jobs. UK firms are particularly exposed due to their heavy reliance on imported aluminium and American timber — both now more expensive due to escalating trade rows. The report also highlights copper prices surging 29% in early 2025, fuelled by trade barriers and global demand from renewable energy and electric vehicle projects. Pressure is building from all sides. Labour shortages, net-zero targets and material inflation are all converging to squeeze contractors further, with project risks rising sharply in the second half of the year. The report comes as Construction products manufacturing returned to growth in the second quarter of 2025, according to the Construction Products Association’s latest State of Trade Survey. Suppliers are now more confident of a rise in sales over the next 12 months but flagged up long-standing price pressures in the supply chain and increase in wages and salaries compared to a year earlier. This follows April’s rise in the National Living Wage – spurring increases in subsequent pay grades – and the rise in National Insurance Contributions. Neil Fleming, UK construction and engineering portfolio manager at QBE, said: “The confluence of global supply chain disruptions, rising material costs, labour shortages and sustainability goals presents a complex risk landscape for the UK construction sector.” The report stresses that contractors must take a more strategic approach to sourcing, logistics and risk management if they want to maintain project delivery and financial stability. Read More

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Mace sells consulting business to Goldman Sachs

Latest group results for the the year to December 31 2024 revealed that the consulting arm was the main profit driver as a problem job blew a hole in the books of the construction division. The “carve-out” of  Mace Consult will see 5,200 global staff come under the control of Private Equity at Goldman Sachs Alternatives. The business generated £687m of revenue in 2024 and Davendra Dabasia will continue to lead Mace Consult as CEO of the independent business. A number of Mace’s shareholders, including Executive Chair Mark Reynolds and Mace Group CEO Jason Millett, will retain a minority stake in Mace Consult and will work closely with Goldman Sachs Alternatives as members of the new Mace Consult Board. Reynolds will be appointed as Chair. Mace Construct, the Group’s London-based contracting business, will continue to be owned by Mace’s existing shareholders. Led by Mace Group’s CEO Jason Millett, Mace Construct generated £2.1bn of revenue in 2024 and employs more than 2,100 people, primarily in London and the South East of England. As a result of the Goldman deal Mace said Construct “will be debt free and even more financially resilient, and will have a secure foundation for future growth.” Mark Reynolds, Mace Group’s Executive Chair, said: “This transaction is a key milestone in securing the long-term future of Mace Consult, enabling the next phase of growth for our global consultancy practice.” Jason Millett, Mace Group’s Chief Executive, said:  “This represents a hugely significant moment for Mace, our clients and all of our colleagues. I am personally exceptionally proud of the Consult team and the growth we’ve delivered together over the past decade. I know that Davendra will do an exceptional job leading the business into the future. “For Mace Construct, this represents an important opportunity to refresh and simplify how we operate the business so that we can continue to provide the best possible delivery services to our clients. We’ll be working closely with our teams over the coming months on the smooth and orderly separation of the two businesses.” Read More

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Kier lands £139m Severn Trent job as water work ramps up

The upgrade will boost the site’s capacity by nearly a quarter to serve 750,000 people, with tighter environmental standards and better water quality at the heart of the scheme. Dry weather flow will rise by 24% and full treatment capacity by around 20%. Work gets underway this summer and will run through to 2028. The scheme follows a successful early contractor involvement phase where Kier led enabling works and design development. It forms part of Severn Trent’s Green Recovery programme and strengthens a 20-year working relationship with Kier, who will co-locate with delivery partners on-site in a new welfare village. Read More

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