Monthly Archives: March, 2026
Sysco goes all in on the ‘cash and carry’ food-service business with a $29 billion buyout
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Interserve liquidation moves forward after Qatar tax issue resolved
A winding up of Interserve has taken a giant step forward following the resolution of a tax wrangle with Qatari authorities. Liquidators for Interserve plc, which collapsed in 2019, have now received the greenlight from Qatari officials to sell its shares in Al Binaa Contracting Company. Authorisation for their sale had eluded liquidators at EY
Bam claims €1bn for delayed children’s hospital
Bam claims it is owed nearly €1bn (£870m) by Ireland’s National Paediatric Hospital Development Board, despite running more than 40 months late in delivering a new national children’s hospital in Dublin. It was revealed last week that the €1.9bn (£1.6bn) facility would not be finished by its latest expected completion date of the end of
Turning a Canary Wharf office into a life sciences building
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Builders merchant fined £2m after employee crushed to death
One of the country’s largest builders merchants has been fined more than £2m after one of its workers was crushed to death by a 3 tonne pallet of timber. Paul Coulson, 56, was working at Herringswell Sawmills, in Bury St Edmonds, which was operated by Huws Gray Ltd, when the incident happened on 22 May
CN launches app with unlimited access offer
Construction News has launched a mobile app, giving industry professionals easier and faster access to the latest news in the sector. The CN app provides a new way for readers to access industry news, interviews, analysis and digital editions of its monthly magazine through Android and Apple mobile and tablet devices. In addition, users can
Margin squeezed at Multiplex despite jump in turnover
Profit at Multiplex halved in 2025 due to a gap between large projects completing and new ones ramping up. In annual results for the year to 31 December 2025, Multiplex Construction Europe posted revenue of £973m, up a quarter from £780m in 2024, while pre-tax profit fell from £19.5m to £9.8m. This pushed pre-tax margin
HBC targets £120m turnover after profit recovery year
The Sheffield contractor posted turnover of £71m for 2025, up from £50m the year before, while pre-tax profit swung to £1.24m from a £1.65m loss. Henry Boot sold its contracting arm to its management last year to concentrate on house building and land and property development. HBC issued the update after figures published in Henry
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