The total cost of the constructing the Aberdeen Western Peripheral Route (AWPR) will top £1 billion, contractors have confirmed to Holyrood.
Partners at KPMG are celebrating a £601,200 payday after profits at the accountancy giant jumped in 2018.
Shares in Kier Group crashed on Friday after the firm announced that it will tap investors for £264 million as storm clouds gather over the construction sector.
Accountancy firm BDO has confirmed that it is in advanced talks to merge with rival Moore Stephens.
Shares in Interserve tumbled on Friday after the struggling outsourcer said that its debt pile will be higher than previously forecast.
Struggling outsourcer Interserve is exploring ways to generate new capital as it looks to tackle its debt mountain and put the firm on a more secure financial footing.
Outsourcing group Mitie has cautioned over “competitive and challenging” industry conditions as it posted lower half-year earnings and revealed a £255 million fall in its order book.
Outsourcer Mitie is to offload its social housing business to Mears Group in a deal worth up to £35 million.
Shares in Interserve have hit fresh 30-year lows on concerns about the outsourcing company’s financial future.
Outsourcer Mitie has struck a £14 million deal to acquire a security business from Compass Group.
The last boss of failed construction giant Carillion has been handed a new role as chairman of Score Group.
The number of construction firms going insolvent increased by a fifth following the collapse of Carillion earlier this year, a new study shows.
Serco has upgraded its profit guidance following better-than-expected trading in the third quarter.
Outsourcer Mitie has said half-year earnings are set to remain flat or edge lower amid a “highly competitive” market and as the group invests to boost revenues.
Individuals involved in the collapse of construction giant Carillion should face an immediate criminal investigation, a union leader has urged.
Balfour Beatty saw profits quadruple in the first half of this year despite a £44 million hit from the collapse of Carillion.
Firms building major public infrastructure projects such as the Aberdeen bypass should be covered by freedom of information laws, it has been claimed.
Council chiefs are preparing a repair bill for roads and bridges that have been “trashed” by heavy AWPR construction vehicles since the bypass project began.
The delay-hit Aberdeen bypass was at the centre of a fresh controversy yesterday amid claims that workers had to pay to receive their wages.
Building materials giant Breedon said yesterday it did not expect any adverse impact from its involvement in the Aberdeen city bypass road despite the collapse of one of the consortium partners behind the project.
Transport chiefs have signalled that preparatory work is “progressing well” on a scheme to finally ease congestion at Aberdeen’s notorious Haudagain roundabout.
More than £130million was wiped off the value of the parent of one of Scotland’s leading construction firms after the collapse of Carillion forced it to strengthen its balance sheet yesterday.
Scottish ministers have been urged to travel to the north-east “as a matter of urgency” to reassure local workers from collapsed construction giant Carillion.
More than 800 jobs across the UK have now been axed at collapsed construction giant Carillion – including workers building Aberdeen’s long-awaited western bypass.
Workers on Aberdeen’s long-awaited western bypass were left “dazed and confused” last night amid reports that several had been made redundant.
Profits at Santander’s UK operation have been dragged down by the bank’s exposure to collapsed construction giant Carillion.
The headquarters of the north’s economic development agency could be impacted by the collapse of construction giant Carillion, it has emerged.
AWPR sections could be opened early – but drivers may have to wait longer for completion of the full road
Economy Secretary Keith Brown has revealed that sections of Aberdeen’s new bypass could be opened earlier than planned – but he was unable to confirm whether the full road would be completed on schedule.
A string of top bosses at collapsed construction giant Carillion are to be questioned by MPs next month.
More than 1,100 military families in the north have been affected by the Carillion collapse.
A former chief executive of bankrupt engineering firm Carillion has resigned as a non-executive director Aberdeen oil service giant Wood.
The Scottish Government has raised hopes that there will be no further delay to the completion of Aberdeen’s bypass following the collapse of Carillion – and that 260 affected jobs could be saved.