Company News Roundup: 8 April 2014

Last Updated:

4th April 2014

Willmott Dixon to launch early payment scheme

Willmott Dixon has announced it will introduce an early payment scheme next month for subcontractors to access payments after 28 days, for an interest fee.

After enquiries from Construction News, Willmott Dixon revealed its EarlyPay scheme will enable suppliers contracted under Willmott Dixon鈥檚 standard 42-day payment terms to receive payments 28 days after the valuation date, for a 2 per cent interest fee.

Source: Construction News.

Competition watchdog to probe Interserve鈥檚拢250m Rentokil acquisition

The Competition and Markets Authority will probe Interserve鈥檚 acquisition of Rentokil鈥檚 Initial Facilities for 拢250m last month.

The Office of Fair Trading, which has now been replaced by the CMA, announced the call for evidence.

It said it is considering whether the merging of Rentokil鈥檚 facilities management business with Interserve鈥檚 Support Services arm could result in a substantial lessening of competition within the UK market.

Source: Construction News.

Laing O'Rourke wins Manchester City stadium expansion

Manchester City FC has chosen Laing O鈥橰ourke as the construction partner for the expansion of the Etihad Stadium.

Laing O鈥橰ourke led construction of the stadium itself for the 2002 Commonwealth Games, before it became Manchester City鈥檚 home in 2003 after its move from Maine Road.

Source: Construction News.