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NCE Live News Updates 7 June 2013: Mace announces 18% jump in turnover

Consultant Mace has announced an 18% increase in turnover for the year to 31 December 2012, from £928M in 2011 to £1.1bn for 2012.

4pm: Contractor Amey has been awarded £113M highways and street cleaning contract, Liverpool City council has today announced.

The contractor will be responsible for improving and maintaining highways infrastructure, including winter maintenance and highway improvement schemes during the course of the 9-year contract.

“We are looking forward to working with the Council and have focused our approach on supporting the Mayoral pledges to make Liverpool one of the UK’s best kept cities.” Said Amey chief executive Mel Ewell.

 

12pm: Consultant Mace has announced an 18% increase in turnover for the year to 31 December 2012, from £928M in 2011 to £1.1bn for 2012.

The firm also announced a pre-tax profit of £28.3M, up from £23.2M for the same period the previous year.

“The past 12 months have been of great significance to Mace and the delivery of some of the UK’s most important projects has helped shape the skyline of its capital city,” said Mace executive chairman Stephen Pycroft.

“Working closely with our clients, we have demonstrated that by challenging convention and championing innovation, it is possible to accomplish what, at first, seems to be the impossible. The company’s next set of targets are ambitious but I have no doubt that Mace is more than capable of achieving these under Mark’s leadership.”

 

11.15am: A steep drop in infrastructure orders is a cause for concern, the Civil Engineers Contractors Association has today said.

The associations comments came in response to figures released by the Office of National Statistics, which indicated new infrastructure orders in the UK had fallen by 49.8% in the first quarter of 2013.

“It is important to exercise caution when dealing with a single set of figures, and it should be noted that these statistics do not necessarily reflect recent results of CECA’s own Workload Trends survey,” said CECA director of external affairs Alasdair Reisner.

“Nonetheless, the sharp decline in new orders in infrastructure should create a degree of caution.”

 

10.30am: Network Rail’s 2012/13 performance fell short of expectations in a number of “significant areas” the Office of Rail Regulation (ORR) has today said.

The regulator concluded that information Network Rail holds on the condition of its assets are not at the level they should be. It also missed all punctuality targets for passenger services in England and Wales.

A backlog of maintenance work was also leading to poor track quality on parts of the network.

Despite this, Network Rail achieved record-high passenger satisfaction of 85%.

“Levels of punctuality for passenger services in England and Wales remained below what Network Rail has been funded to achieve,” said ORR chief executive Richard Price. “The company has some catching up to do to get itself back on course by the time new and, in some areas, more stretching performance targets are introduced for its next funding period between 2014-19.”

 

10am: Network Rail has reopened a historic footbridge at Chester station following refurbishment.

The refurbishment is the final project of a multi-million pound redevelopment scheme at the station.

Network Rail has also begun work on a £3M footbridge project to improve access at Chippenham railway station.

A footbridge and lift are to be installed to improve access for elderly and disabled people.

The footbridge will replace an existing bridge that was built around 1899.

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