Menu
30/07/2010
Supermarket Sweep Lifts Retail Construction
Over £500 million worth of supermarket construction projects have begun on site so far this year (to June), with supermarket projects accounting for 69% of this figure according to Glenigan.
"Retail looks likely to deliver badly needed growth prospects in construction over the next eighteen months" according to James Abraham, Economist, Glenigan. There has been strong growth in the underlying value of planning approvals this year coupled with favourable trading conditions."
Sainsbury's increased profits to £610 million last year, from £220 million five years ago, according to a company spokesperson. Much of this increase is being invested in expanding their network of stores.
Mr Abraham concluded: "Supermarket projects will ensure that as government funding fades away, and other sectors remain bogged down by lack of investment, retail construction will remain well up on 2009 levels."
(CD/BMcC)
"Retail looks likely to deliver badly needed growth prospects in construction over the next eighteen months" according to James Abraham, Economist, Glenigan. There has been strong growth in the underlying value of planning approvals this year coupled with favourable trading conditions."
Sainsbury's increased profits to £610 million last year, from £220 million five years ago, according to a company spokesperson. Much of this increase is being invested in expanding their network of stores.
Mr Abraham concluded: "Supermarket projects will ensure that as government funding fades away, and other sectors remain bogged down by lack of investment, retail construction will remain well up on 2009 levels."
(CD/BMcC)
Related UK National News Stories
Click here for the latest headlines.
21 November 2008
Grim Figures In Building Index
The total value of new construction projects in the UK has fallen by 21% over the last year with residential projects down by more than 30%.
Grim Figures In Building Index
The total value of new construction projects in the UK has fallen by 21% over the last year with residential projects down by more than 30%.
06 March 2009
ICO Seizes Covert Database Of Construction Industry Workers
An investigation by the Information Commissioner's Office (ICO) has uncovered a database containing details on 3,213 construction workers which was used by over 40 construction companies to vet individuals for employment.
ICO Seizes Covert Database Of Construction Industry Workers
An investigation by the Information Commissioner's Office (ICO) has uncovered a database containing details on 3,213 construction workers which was used by over 40 construction companies to vet individuals for employment.
19 July 2011
New Building Contracts Drop By Quarter
The underlying value of UK construction projects newly started was 24% lower for the three months to June compared to the same period in 2010 according to the latest data from construction industry analyst Glenigan.
New Building Contracts Drop By Quarter
The underlying value of UK construction projects newly started was 24% lower for the three months to June compared to the same period in 2010 according to the latest data from construction industry analyst Glenigan.
14 June 2010
Public Sector Slow-down Hits Construction
The value of construction projects starting on site in the three months to May 2010 fell back to below 2006 levels as fewer public sector project started on site following the General Election. The Glenigan Index for May was 10 per cent up on a year ago, but lower than the Index for March and April this year.
Public Sector Slow-down Hits Construction
The value of construction projects starting on site in the three months to May 2010 fell back to below 2006 levels as fewer public sector project started on site following the General Election. The Glenigan Index for May was 10 per cent up on a year ago, but lower than the Index for March and April this year.
19 April 2010
Private Housing Construction Stalls
The value of residential construction projects starting on site during the three months to March 2010 was 37% higher than the same period a year ago according to the latest Glenigan Index. Project starts increased in the private and social housing sectors. "Many projects stalled by the bad weather in January and February have now started.
Private Housing Construction Stalls
The value of residential construction projects starting on site during the three months to March 2010 was 37% higher than the same period a year ago according to the latest Glenigan Index. Project starts increased in the private and social housing sectors. "Many projects stalled by the bad weather in January and February have now started.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
