Interserve to go ahead with £64m deb reduction plan
The plan is expected to include a debt for equity swap or rights issue, although the latter would be a challenge after recent share price falls to their lowest point since…
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Silo collapse goes wrong (Video)
A Danish cultural centre has been damaged after a 53-metre high silo was demolished and fell the wrong way. In the town of Vordingborg the video shows the explosion, onlookers…
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CITB to outsource 1300 jobs
The CITB is going through large reforms in a bid to cut red tape and streamline its workforce with the vast majority of current systems being taken on by new outsourced…
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Groundworker trapped in trench by concrete slab
A construction company was sentenced today for safety breaches after a worker suffered life threatening injuries. Sheffield Magistrates’ Court heard that, in September 2016, a 48-year-old employee of K. D….
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Persimmon cut £50m from directors bonus
Three top directors at Persimmon have agreed to bonus scheme changes that will see long term payout slashed by more than £50m the top executives attracted fierce criticism from share holders…
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Firm and sub-contractor fined after worker falls from height
Advanced Industrial Roofing and Cladding Solutions Limited (AIRCSL) and Stephen Bell have been fined after a worker fell through a fragile skylight while carrying out work on a roof. Westminster…
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Hartlepool handyman fined for doing gas work
A self-employed handyman has been sentenced today for undertaking gas work which put the life of a homeowner at significant risk. Teesside Magistrates’ Court heard that, on 16 May 2014,…
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KPMG faces probe by watchdog over Carillon’s accounts
The Financial Reporting Council has launched an investigation into KPMG who audited Carillon’s accounts and gave them a good bill of health before their collapse in January. A council statement said:…
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Prompt Payment Code adopted by Carillion “toothless”
Small business chiefs at the FSB have attacked the Prompt Payment Code (PPC) as “toothless” in the wake of Carillion’s £2 billion collapse. Carillion’s collapse has called into question the…
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Van Elle licks wounds after Carillion’s collapse
The piling specialist Van Elle has revealed that many of its bills went unpaid in the run up to Carillion’s collapse costing the firm £1.6m. Van Elle is in talks with the Official…
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