Exclusive: Britain needs to keep building says Marshalls boss August 18, 2022 The Government must continue its plans to boost domestic infrastructure, argued the boss of building giant Marshalls.
DIY giants Wickes posts growth in first half but cautious of softening sales and worrying outlook July 26, 2022 Home improvement giant Wickes registered strong sales for the first half of 2022, but has reined in its expectations for the second half due to economic uncertainty. The Northampton-based company had sales growth of 5.5 per cent in the first six months of this year, with progress in its score revenue and ‘Do It For [...]
Forklift maker Manitou infringed JCB’s patent, UK High Court rules July 5, 2022 French forklift manufacturer Manitou infringed JCB’s intellectual property rights through its use of patented stability control systems in its “telehandler” machines, a UK High Court has said. The British heavy vehicle manufacturer is now seeking costs and damages from Manitou, after the court said the French firm infringed JCB’s patent by using patented safety control [...]
Construction giants colluded to rig £150m of contracts including Selfridges and Oxford University, CMA rules June 24, 2022 A consortium of about 10 construction firms illegally colluded to rig bids for £150m of major contracts, according to provisional findings by the UK competition watchdog. The Competition and Markets Authority (CMA) said eight of the firms involved in the cartels have admitted to taking part. The rigged contracts for demolition services included work for [...]
Speedy Hire confident about future following strong final performance May 30, 2022 The board of construction company Speedy Hire has announced it was confident about future performance following a strong set of final results. In the year ended 31 March 2022, the group’s revenue went up 16.3 per cent to £381.7m, while its adjusted profit before tax soared to £30.1m, 72 per cent up on the previous [...]
Marshalls posts record revenues as £535m Marley Group takeover reaps benefits May 11, 2022 Landscaping firm Marshalls has posted record revenues while its £535m takeover of Marley Group continues to reap the benefits. In the first four months of 2022, Marshalls’ group revenue went up 7 per cent to £201m, with £137m of public sector and commercial sales accounting for 68 per cent of the group”s total. The group’s [...]
Government slammed as ‘for NIMBYs, by NIMBYs’ as planning reform watered down May 10, 2022 The government has been criticised after references to planning reform focused on “minor and trivial issues” in the Queen’s Speech. Property bosses and campaigners have urged ministers to go further with planning reforms. The Institute of Economic Affairs (IEA) accused the government of having “unconditionally surrendered to the NIMBYs.” “The fact that the references to [...]
Landscaping firm Marshalls swoops in for £535m acquisition of Marley Group April 28, 2022 Landscaping specialists Marshalls have swooped in for a £535m acquisition of Marley Group, backed overwhelmingly by shareholders. The FTSE-250 firm agreed the move with 99 per cent of its shareholders, after they helped raise almost £190m to fund the acquisition. Marley, labelled the as the ‘Marshalls of roofing’, will help to shore up the new [...]
Exclusive: Marshalls reaps the rewards from a home improvement boom March 20, 2022 CityAM speaks with Martin Coffey, chief executive at Marshalls, as the stone and concrete specialists show signs of post-Covid recovery.
Landscaping firm Marshalls back to pre-pandemic levels of profit March 17, 2022 Marshalls, which produces stone and concrete for landscaping, has returned to pre-pandemic levels of revenue and profit. The Yorkshire-based construction firm’s full year results for 2021 include revenue of almost £590m, a 25 per cent increase on 2020, and nearly £50m, more than for 2019, pre Covid. Its EBITDA (earnings before interest, taxes, depreciation, and [...]