Tarmac profit cut in half

Article Abstract:

Tarmac's profit fell by 48% in 1996 from the 20.3 million pounds sterling achieved in 1995, even though turnover rose 35% to 2.63 billion pounds sterling. The company faced costs of 65 million pounds sterling associated with restructuring its minerals and construction businesses, and also had high costs in the heavy building materials division. The construction services division achieved a 49.7% rise in turnover to 1.51 billion pounds sterling, with operating profit before tax and exceptionals rising by 30% to 15.9 million pounds sterling.

Tarmac PLC

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Testing times

Article Abstract:

The UK construction industry is realising the importance of research and development and more money is being spent this way. Research commissions are expensive and companies seldom recuperate their costs. The industry received 1.3% of Science and Engineering Research Council spending and is demanding a greater share. Many contractors sponsor university courses and individual research projects. Increased research activity helps to strengthen ties with different areas of the industry and with Europe.

Building research

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Councils may drop control fees 25%

Article Abstract:

It is believed that the UK government is planning to consider how local authorities can compete directly with private concerns for building control work. It may decide to abandon fixed fee scales, and this could cut the cost of building control services supplied by local authorities by 25%. The government will create a working party, probably by the end of Sep 1997, and this will have to look at how fee competition can operate without having a negative impact on standards.

Services, Local government, Building law, Building codes

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