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Perthshire firm Algo pin losses on inflexible pre-Covid contracts
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By Dave Rogers2021-05-10T06:01:00+01:00
Curzon Street deal means contractor is building both start and finish stations on first section of route
A team led by Mace has pulled off a coup after winning the scheme to build the main HS2 station in Birmingham at Curzon Street, meaning the firm is building both the start and finish stations on the first section of the route.
Curzon Street is arguably the most high-profile of all the stations on the first phase, given its location in the middle of the city as well as being at the centre of the HS2 network. Unlike Euston, also being built by the Mace Dragados team, in London, it will largely be overground.
Despite the pandemic, the year saw many senior people switch roles. And across the industry at all levels, construction’s people stepped up to help out in the covid crisis
While most people might have preferred to sit tight this year, there were nevertheless some high-profile comings and goings in the construction sector.
Source: PA Images; EHL-Photography; Patrick Harrison
Left to right, top: Matt Cova, Chris Grigg, Mark Bullock, David Barwell.Middle: Tony Bickerstaff, Ashley Muldoon.Bottom: Stewart McIntyre , Richard Rogers, Paul Allen, Rowan Baker
To start, we go back to November last year when Ashley Muldoon, the chief executive of Multiplex, left the firm after more than two decades. He re-emerged this autumn as chief operating officer of data centre firm Global Switch and a non-executive at Keltbray.
By Dave Rogers2020-12-16T05:00:00+00:00
Cost of dealing with pandemic tops £16m, country’s biggest private contractor says
Laing O’Rourke has warned that its turnover could be down by as much as one fifth this year because of the covid shutdown in the spring as the firm said the cost of dealing with the pandemic had topped £16m.
The financial year of the country’s biggest private contractor is still more than three months away but new chief financial officer Rowan Baker, the former McCarthy & Stone finance chief who replaced the retiring Stewart McIntyre in September, said sites being forced to close for weeks after the prime minister imposed a national lockdown in March could wipe between 10% and 20% off revenue by the time its latest reporting period ends on 31 March next year.
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