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Balfour Beatty revalues PPP portfolio up to 拢1.05bn

Balfour Beatty bosses have increased the group鈥檚 PPP portfolio value to 拢1.05bn, up 46 per cent from 拢766m in December 2013.

Thirty-seven UK projects were re-rated across roads, hospitals, schools and other sectors, which increased to 拢801m, up 63 per cent compared with 拢491m at June 2014.

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Carillion is Network Rail鈥檚 top contractor

Carillon was Network Rail鈥檚 most used contractor over the 2013/2014 financial year, being paid 拢281m for the period.

Figures published in the railway client鈥檚 top 20 suppliers revealed that Carillion came out on top, with Babcock Rail following closely behind with 拢220m of contract wins.

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Adrian Ringrose: Interserve legal action 'unappealing' but firm and client have moved on

Interserve has 鈥渕oved on amicably鈥 with the Defence Infrastructure Organisation, according to its chief executive, after it ended a legal challenge against the award of three contracts to CarillionAmey expected to be worth billions.

Adrian Ringrose told Construction News the legal challenge had been 鈥渦nappealing鈥 but that 鈥渟ometimes it鈥檚 the right thing to do鈥.

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Kier Living names new MD for eastern division

Kier Living has named a new managing director to head its division in the East of England.

Nick Moore has been promoted to the position, from his role as managing director of Kier Homes.

Mr Moore is a quantity surveyor by background and has 29 years鈥 industry experience, having worked for companies including Taylor Wimpey and London developer Rialto Homes.

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