Novus meets profit target for second year despite turnover drop

The parent company of contractor Novus Property Solutions has blamed a 12 per cent dip in group revenue on its subsidiary’s performance. Accounts for JSSH for the year to 31 December 2025 said the reduction in turnover was due to “lower spend from some housing… The post Novus meets profit target for second year despite turnover drop appeared first on Construction News.

CBRE IM partners with Moda to launch debut single-family housing fund

The partnership combines CBRE IM’s residential platform with access to a land bank of more than 25,000 residential plots controlled by Moda’s parent company Caddick Group. The post CBRE IM partners with Moda to launch debut single-family housing fund appeared first on Property Week.

Red Construction reorganises in drive for £200m revenue

Red Construction Group has reorganised its business under a new parent company as it targets £200m turnover in the coming year. The specialist main contractor said the overhaul, which will see the creation of a new parent company called Red Group, coincided with its 10th… The post Red Construction reorganises in drive for £200m revenue appeared first on Construction News.

United Infrastructure sells housing arm to MD

Andrew McDonough completes MBO from parent company as sole owner

Swedes take 42% stake in Yorkshire Water

Swedish investment company EQT has agreed to acquire a major stake in Kelda Holdings Limited, the parent company of Yorkshire Water.