The builder behind London's Olympic velodrome and the M25 widening has revealed the full extent of the damage wrought by spending cuts on its UK business.

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The Business Matrix: Wednesday 9 January 2013

Samsung rings up more huge profits

Farley set to step down as Persimmon chief executive

Persimmon boss Mike Farley today called time on a seven-year stint as chief executive after successfully steering the housebuilder through the credit crunch.

The Business Matrix: Friday 4 January 2013

IAG could avert strike at Iberia

Man who compiled industrial blacklist comes out of the dark

MPs told secret vetting service has been used  for major construction projects for two decades

Green energy vital, says David Cameron

David Cameron today backed the growth of renewable energy as “vital” to the UK's future - but warned green power sources had to be financially sustainable.

Stake in hospital PFI project up for sale

Bidders are eyeing a one-third stake in one of the country's most infamous private finance initiative (PFI) deals, University College Hospital (UCH) off Tottenham Court Road.

Contract staff at Jobcentres to strike

Hundreds of contract staff in jobcentres will go on strike today in a dispute over job cuts.

Balfour Beatty to offload controversial hospital stake

Balfour Beatty, the UK's biggest listed construction company, is looking to sell its stake in one of the country's most infamous Private Finance Initiative schemes.

Construction firm staff vote to strike

Workers at a leading construction firm have voted in favour of strike action in a long-running row over pay and conditions, it was announced tonight.

BBC under fire over local jobs at Salford site

The BBC has been criticised after it emerged that only 26 out of 680 new jobs created at its new Media City site went to locals.

Demos staged over working agreement

Construction workers staged a series of demonstrations at sites across the UK today in the continuing row over pay and conditions in the industry.

Austerity drive hits Balfour's UK business

Balfour Beatty yesterday warned that market conditions were set to remain tough as it revealed that the coalition Government's austerity measures were beginning to hit its UK business.

The Week Ahead: Balfour Beatty hopes to build on better results

Fears over the global economy were knocking Balfour Beatty's share price even before the markets slumped, and the latest fall has caused Britain's largest infrastructure services company to drop by around a quarter since March.

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