Commercial News

Contract Journal provides the latest commercial news related to the construction sector in UK. Commercial News articles will help you know better about the current trends of the construction industry, and also it helps you to track the performance of top companies and what are all the projects trending in the market.

Dagenham film studio

Dagenham film studio plan worth £110m approved

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The new Hollywood-style film studios in Dagenham, east London, are planned to be constructed soon. The plan for £110m proposals has been approved by...
U+I reduce capital spending by £33m

U+I reduce capital spending by £33m

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The capital spending by developer U+I is being cut by £33m this year. The reduction in capital arises due to the covid-19 pandemic. The...
UK's first electric telehandler

Flannery to work on electric tele at HS2 site

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The UK's first electric telehandler is yet to work on one of HS2’s sites. The work will be carried out by Plant hirer Flannery...
BAM to work on £300m Gateshead arena

BAM to axe 6.5% of its workforce

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BAM Construct UK has decided to make 6.5% of its workforce reductant which means that 150 staff is going to lose their jobs. The...
Wates receives green light for underground houses project

All non-furloughed staff to resume full pay from Wates

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Chief executive David Allen of Wates said that all non-furloughed staff will receive full pay with immediate effect. The decision had been made possible...
Plan for 3.8m sq ft North Quay rolled out by Canary Wharf

Canary Wharf Contractors planning to axe 100 jobs

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Canary Wharf Contractors Ltd is planning of axing up to 100 job as workload came down drastically duw to the Coronavirus crisis. An email...
Plans designed in large area for Oxfordshire garden village

Plans designed in large area for Oxfordshire garden village

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Grosvenor Britain & Ireland is planning to develop a massive area that includes 2,200 homes, sports facilities, new primary and secondary schools, parks, 57,000...
Sisk succeeds in Milton Keynes Santander campus contract worth £150m

Sisk succeeds in Milton Keynes Santander campus contract worth £150m

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John Sisk along with developer Osborne+Co has backed a contract in Milton Keynes. Sisk will work along to build a £150m Santander office hub,...
Development financing package set up for new £230m Marylebone hotel

Development financing package set up for new £230m Marylebone hotel

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The funding deal with £230m for the new Marylebone hotel is confirmed by Shiva Hotels Group. This secured package will layout a luxury lifestyle...
Call on new firms to take up parliament buildings repair works worth £270m

Call on new firms to take up parliament buildings repair works worth £270m

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The maintenance works for the Parliamentary Estate, including the Palace of Westminster are being called for new firms to take up the project. The...

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