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Last Updated:
22nd April 2013
Source: Construction News
Tesco has announced that it no longer plans to develop on more than 100 sites where it has bought land, as part of a property pipeline review.Tesco announced last year it would reduce new store openings by a third and cut capital expenditure by £500 million in 2013. In a trading update this morning, it announced the results of its in-depth review of the property pipeline. Tesco reported group trading profit down 13 per cent to £3.5bn in its full year to 23 February.
Company Profile: Tesco
Source: New Civil Engineer
Construction giant Vinci's revenue grew 4.5% to 33.2bn in the year ending 31 December 2012, according to results announced today.
Company Profile: Vinci
Source: Construction Enquirer
Former Miller south east regional director Steve Hart has joined McLaren Construction to help drive the firm’s continued expansion in the London market. Hart joins McLaren after ten years at Miller Construction and boasts over 30 years of experience in the industry.
Company Profile: McLaren
Willmott Dixon has beaten five contractors to be reappointed to the Scape major works framework worth up to £1.25 billion, Construction News understands. The incumbent contractor has beaten competition from Bouygues, Interserve, Laing O’Rourke, Lend Lease and Morgan Sindall to win the prestigious framework.
Company Profile: Willmott Dixon
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