Support and construction company May Gurney has reported a 17 million pound increase in revenue, but profits remained the same as a year earlier.

The construction sector shrank last month at its fastest pace since records began a decade ago, building pressure on the Bank of England to cut rates by at least another percentage point on Thursday.

2009 will see 50 percent more businesses fail, and topping the list of hard-hit sectors is the construction industry.

Under the accelerated housing investment scheme, housing associations would be able to purchase unsold private housing stock.

Contractor Jarvis has announced it is no longer looking for a buyer after posting improved half year profits.

Pettifer Construction, part of the Pettifer Group, is understood to have been in a strong position, but its sole bank pulled credit lines, forcing it into administration.

A sagging economy on both sides of the Channel and a slump in sterling have put a hex on Britons' love affair with French real estate, and their disenchantment underlines a broader trend among foreigners.

Specialist construction firm Renew Holdings has increased its pre-tax profits by 29 percent.

Citigroup Chief Executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that led to this week's massive government bailout of the second-largest U.S. bank by assets.

The Swedish construction company has announced it will reduce its workforce by six percent, or 3,400 jobs, across the Nordic countries.

Over 300,000 UK jobs could be cut without aid, unless the government makes radical changes to boost the sector, and the wealth of the economy overall.

Lenders took possession of 11,300 homes in the third quarter, up from 10,100 in the second despite government efforts to make home repossessions a last resort, the Council of Mortgage lenders said on Friday.

Mayor of London Boris Johnson has revealed plans to build 50,000 affordable new homes in London in an attempt to restart the slumping housing market.

The rapid property correction has stripped more than a billion pounds off the value of British Land's assets but its portfolio remains almost full as tenants seek refuge from the economic storm in prime shops and offices.

Property firm Derwent London said it would not start new development projects until 2010/11 due to weak central London occupier demand and the difficult investment climate in the property market.

Engineer IMI said on Wednesday it is confident of meeting 2008 expectations on continued revenue momentum, but cautious on the outlook given recent weakening in some of its markets.

Housing builder Barratt Developments said continuing price pressures are having a negative impact on its operating margins, and that it expects further writedowns by December.

Increasingly desperate sellers slashed asking prices for homes in England and Wales by 2.9 percent in November, pushing them 7.1 percent below their level a year ago, a survey showed on Monday.

U.S. private equity groups are thinking about making a bid for Taylor Wimpey , The Observer said on Sunday.

JCB is to shed almost 400 jobs.

Over 40 major construction trade bodies and building groups have signed up to the Welsh National Assembly’s Green Charter to slash carbon emissions in new housing.

Taylor Wimpey said efforts to renegotiate its bank debt had been slightly disappointing, sending shares in Britain's largest housebuilder as much as 19 percent lower.

Private equity firm TDR Capital is in talks to inject cash into Taylor Wimpey in exchange for a stake in house builder by number of homes, the Mail on Sunday reported.

Galliford Try , the construction group, warned Friday that it would have to make a 50 million pounds writedown on its housebuilding operations in the first half of 2008/09 and said it was taking "a more cautious view" of prospects for both this year and next.

The Mayor of London has pledged to build 50,000 new homes, but removed his predecessor’s target that 50 percent of all new housing in London must be affordable.

‘The Nation’s Local Builder’ has announced its annual revenue will fall £120 million short of the company’s original estimates.

The construction sector shrank last month at its fastest pace since records began more than a decade ago after falling house prices and tight credit took their toll, a survey showed on Tuesday.

Cement manufacturer Cemex may have to close its Cambridgeshire plant.

Construction and engineering firm Balfour Beatty said Tuesday that trading since June had remained strong thanks to its involvement in infrastructure projects.

The ‘Greener Homes for the Future?’ bill has stated that, in the light of the credit crunch, the government needs to re-think its plans to build three million new homes by 2020.

A gloomy warning accompanied sales statistics from the Quarry Products Association.

House prices fell in October at their sharpest annual rate since records began in 1991, the Nationwide building society said on Thursday, as the housing market slump gains momentum.

Aberdeen-based DOF Subsea UK has gained a major positioning contract with Heerema Marine Contractors.

The North Wales construction group has gone into administration with debts which could total as much as £100 million.

Struggling manufacturer Cosalt Holiday Homes has been bought by Endless Investments, but 289 jobs will be lost.

English and Welsh house prices fell by 7.3 percent in the year to October, with the pace of decline accelerating to take prices back to their lowest since March 2006, property consultancy Hometrack said on Monday.

Housebuilder Persimmon said on Monday that falling house selling prices have resulted in it writing down the value of its land holdings by a further 600 million pounds.

Nick Clegg, leader of the Liberal Democrat party, has called for the construction of a ‘Supergrid’ across the North Sea.

The Belfast-based international construction company, formerly one of Northern Ireland’s largest, has called in administrators with debts estimated at £150 million.

Eight recruitment agencies working with construction companies have been accused of price-fixing by the Office of Fair Trading (OFT).

JCB has announced that it plans to reduce UK production by 19 percent, threatening 800 jobs.

House-builder McInerney has stated that housing completions for the year will be lower than its estimations made seven weeks ago.

The Waste and Resources Action Programme (WRAP) has unveiled a major industry voluntary agreement scheme to halve the amount of waste in construction by 2012.

It is anticipated that sales for construction equipment will slump 21 percent this year and a further 10 percent next year as the industry declines.

Travis Perkins , the builders merchant and home improvements group, said it expected underlying profit for 2008 to be at the low end of analysts' expectations, reflecting the downturn in construction markets.

Elis Williams has been shortlisted for the Welsh Assembly Government Business Start-up Award.

The decline in house prices accelerated in September and sales fell to the lowest level in at least 30 years, a survey showed Tuesday, in a sign the housing market slump may have some way to go yet.

Stormwater Management And Road Tunnel (SMART) has won first place at the British Construction Industry Awards (BCIA).

The government has controversially approved a massive expansion of Stansted airport, just days after signalling it would adopt tougher emissions targets.

House prices fell at their sharpest annual rate in at least 25 years in September, as the credit crunch continued to take its toll on the housing market, according to data from Britain's biggest mortgage lender.

British Waterways, the public body in charge of Britain’s canals, has announced plans with Partnerships for Renewables to start green energy generation.

Tool hire company Speedy Hire said on Wednesday its full-year results will be in line with its forecasts as long as there is no further deterioration in the outlook for its end markets.

RG Carter, the East Anglian construction company, has announced it will lose almost five percent of its workforce by the end of the month.

The number of new homes built is expected to drop below 100,000 next year.

Homebuilding company Taylor Wimpey plc has pushed back the target date for concluding debt talks.

A poll from Bibby Financial Services reveals that the majority of employers have made no preparations for the new minimum wage.

An all-time low in construction has been predicted for the next quarter.

The dispute between subcontractor Cleveland Bridge UK and Multiplex has ended as the High Court Judge rules in Multiplex’s favour.

A survey run by the Chartered Institute of Building (CIOB) has found a marked lack of leaders within the construction industry.