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Dear Reader,
Welcome to the latest edition of our weekly newsletter from the Construction Business Ireland team. We're thrilled to present the 8th instalment, packed with insights into the latest developments and influential figures shaping the ever-evolving landscape of the Irish construction industry. |
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McLaughlin & Harvey Faces £9 Million Pre-Tax Loss Amidst Industry Challenges
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In the face of a challenging year for the construction industry, McLaughlin & Harvey, a prominent construction group in the north, disclosed a pre-tax loss of nearly £9 million in its latest financial report. This setback is attributed to inflationary pressures and losses incurred from specific projects. The Mallusk-based group, with diverse interests in construction,…
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Building Ireland’s transport system to be discussed at Mobility Conference
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Mobility Now will see industry leaders and innovators discuss the latest technology disruptions and opportunities in building a sustainable and efficient transport system fit for the future.
The inaugural Mobility Now Conference & Exhibition will take place at the RDS in Dublin on March 1st and 2nd with aviation, transit, electric vehicle infrastructure, shipping,…
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Funding Withdrawal Delays Ten Integrated School Projects in Northern Ireland
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Education Minister Paul Givan has revealed that ten new-build integrated school projects in Northern Ireland are facing delays due to the withdrawal of funding by Westminster. The setback is attributed to a reallocation of £150 million from the Fresh Start Programme to the UK Government's financial settlement for the Executive, which is intended for broader…
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CMA Launches Probe into Housebuilders Over Suspected Information Sharing
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The Competition and Markets Authority (CMA) has initiated an investigation into eight major housebuilders due to concerns about the potential sharing of commercially sensitive information, amid worries that such practices may be influencing site development and home pricing. This move is part of the CMA's broader examination of the housebuilding sector and private rental market,…
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Ministers Announce €658 Million Investment in Regional and Local Roads
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Minister for Transport Eamon Ryan T.D. and Minister of State Jack Chambers T.D. have unveiled a significant investment programme totaling €658 million for regional and local roads in 2024. This substantial funding increase of €32 million aims to enhance road safety, connectivity, and overall road quality across the country.
The investment is set to facilitate the…
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Transport Infrastructure Ireland Announces €23.4 Million for Road Projects in Sligo and Leitrim
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Transport Infrastructure Ireland (TII) has unveiled a significant funding allocation of €23.4 million for road projects in Sligo and Leitrim, marking a crucial step forward for infrastructure development in the region.
Among the key projects set to benefit from this investment are long-awaited developments on major routes such as the N17 and N4, as well as…
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Ecocem and Biodiversity in Schools Launch Nationwide 'Wildwalls' Campaign
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Ecocem, a pioneering force in low-carbon cement technologies in Europe, has joined forces with Biodiversity in Schools for the 'Wildwalls' campaign in Ireland, introducing a groundbreaking initiative with biodiversity prizes totalling €5,000. This campaign challenges students from pre, primary, secondary, and homeschools in both the Republic of Ireland and Northern Ireland to design engaging murals…
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Goodbody Report Highlights Challenges Facing Irish Housebuilding Industry
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A recent report by broker Goodbody sheds light on the challenges facing the Irish housebuilding industry, emphasizing the need for increased scale and efficiency to address the housing crisis effectively. According to Goodbody's chief economist, Dermot O’Leary, the lack of scale among Irish housebuilders remains a significant issue, with many operating on a small scale…
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