Tag Archives: Ukraine

A five-point plan to mitigate the impact of rising inflation on construction companies has been published by the Construction Leadership Council (CLC). The list – created by the CLC in conjunction with sector experts – aims to resolve issues around the availability and cost of key materials amid current pressures.…

Rob Driscoll is director of legal and business at the Electrical Contractors’ Association The UK construction industry has faced a very challenging two years, but it has proved itself to be highly resilient. However, we must prepare ourselves for even more bumps in the road. On the positive side, at…

Material suppliers are issuing quotes that expire after 24 hours as inflation fears grip the industry amid global challenges, including COVID-19 and the war in Ukraine, a key body has warned. The Construction Leadership Council’s (CLC) Product Availability working group said uncertainty over future prices was delaying contractors from signing…

Soaring energy prices, increasing material costs and national insurance increases are all posing a threat to the construction industry's SMEs, an industry group has said. Construction Alliance North East (CAN) said recent price hikes by British Steel were adding to the sector’s woes following the coronavirus pandemic, Brexit and the…

Steel, timber and brick chiefs have warned of a further impact on supplies to UK projects as the fallout from the war in Ukraine continues to intensify. Timber Trade Federation (TTF) chief executive David Hopkins urged the body’s members to cease trading with Russia and Belarus immediately, despite conceding this…

Costain chief executive Alex Vaughan has vowed to work with suppliers to help them manage the impact of the war in Ukraine. Vaughan said the £1.1bn-turnover contractor was already in discussions with its supply chain about ways to mitigate the effects of inflation and material shortages expected as a consequence…

Rishi Sunak has been urged to delay the impending red diesel ban in light of oil-price hikes, sparked by Russia’s invasion of Ukraine. The Construction Plant-hire Association (CPA) wrote to the chancellor to warn that ending the right of building firms to use the rebated fuel next month would exacerbate…

Main contractors have been urged to act now to avoid catastrophic supply chain disruption as a result of the war in Ukraine. Shortages and price hikes affecting materials and deliveries could bring big projects to a standstill in the coming months unless solutions are found, industry analysts and trade bodies…

Listed construction companies took a hit on Friday morning as global markets reacted to news of a fire at a nuclear plant in the Ukraine. Kier and Keller both saw the value of their shares fall by more than 7 per cent in the first two hours of trading on…

Galliford Try is ready to adjust its bid prices should energy prices rise as a result of the ongoing conflict in Ukraine. A number of key analysts this week told Construction News that Russia's invasion of Ukraine could spark energy and fuel price hikes across Europe that in turn push…