8h ago
Universal picks first contractors for £5bn Bedford theme park project opening in 2031
Universal, owned by Comcast, has named the first wave of contractors for its planned Universal United Kingdom Resort, its first branded theme park and resort in Europe. The initial list includes 23 construction firms such as Sir Robert McAlpine, Wates and Morgan Sindall. The project carries a total investment of more than £5bn, alongside £1.3bn in government funding for supporting road, rail and local infrastructure. The 476-acre development is due to open in 2031, according to Construction Enquirer.
8h ago
8-27
Durkan posts £11.2m net loss after £18.6m fire remediation charge for year ended 30 November 2025
Durkan Holdings Limited reported results for the year ended 30 November 2025, with turnover of £142m and operating profit rising to £6.2m. The company booked £18.6m of exceptional costs tied to fire remediation claims on legacy developments under the Building Safety Act. That charge pushed the group to a net loss of £11.2m for the year. Durkan said its balance sheet remained strong, with net assets of £33.9m and cash of £36.5m.
8-27
8-25
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.
8-25
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