12h ago
Vistry set to receive £350m from Homes England under £39bn affordable housing programme
UK housebuilder Vistry has been confirmed by Homes England as one of 33 strategic partners under the government’s new £39bn Social and Affordable Homes Programme (SAHP), securing £350m in funding. The company recently warned it expects to post a first-half pre-tax loss of around £30m after a £50m hit from accelerated cash-generation measures. Average daily net debt was driven close to £800m as it prioritised paying suppliers faster while funding a balance sheet reset.
12h ago
8-19
Sicon pretax profit rises to €74.2m in 2025 as UK turnover tops €1,002.7m
Sicon Limited, the parent company of Sisk Group, reported a rise in pretax profit to €74.2m for 2025 from €58.1m, even as turnover edged down to €2,624.3m from €2,752.1m. UK turnover increased to €1,002.7m from €850.2m, supported by major contract wins across residential, commercial, infrastructure and specialist rail services. The company said it is entering 2026 with a strong balance sheet and no bank debt, citing an emphasis on order book quality, team expertise and the quality of earnings.
8-19