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Author Archives: Alex Price

Erith back in profit after fine

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Erith has posted a profit, a year after being fined following a bid-rigging probe.   The contractor announced a pre-tax profit of £5.1m in the year to September 2023, reversing the loss of £13.8m made in the prior year.  Last March, together with nine other demolition contractors, Erith was found to…

Balfour Beatty reports 8% revenue growth

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Balfour Beatty delivered a “solid performance” last year with revenue growth of 7.8 per cent to £9.6bn, chief executive Leo Quinn has announced. In an update published via the London Stock Exchange this morning (13 March), the UK’s biggest construction company stated that pre-tax profit for the year ending 31…