Watts appointed new Building and Construction Minister

North Shore MP Simon Watts is the country’s new Minister for Building and Construction following a high-stakes showdown that saw Prime Minister Christopher Luxon strip Chris Penk of all his ministerial portfolios, including the Building and Construction portfolio. Penk’s abrupt downfall came in the wake of an unsuccessful leadership challenge, resulting in his immediate dismissal […] The post Watts appointed new Building and Construction Minister appeared first on Building Today.

Revenues surge at Structure Tone

UK fit out specialist Structure Tone, part of the US STO Building Group, saw gross revenue of £448.8m in 2025, up from £157m in the year prior, with profit before tax reaching £12.6m from £1.7m in 2024.

Vinci margins up in UK

The UK division of France's Vinci Construction has reported margins up 3.6% for the year in 2025, on revenues of £2.7bn. Asphalt division Eurovia saw the strongest growth, followed by civil engineers Taylor Woodrow.

Caterpillar sales surpass $20B as data center generators take off

The industrial equipment maker saw stronger-than-expected North American construction sales and continued momentum for AI-related infrastructure. A $392 million tariff refund also bolstered profits.

RICS survey sees modest recovery in Q2

The latest RICS UK Construction Monitor survey saw respondents' assessment of construction activity improving slightly in the second quarter of 2026.

How 3D Floor Plans Improve Property Marketing and Sales

3D floor plans are no longer just a luxury add-on; they are an essential tool for modern property marketing.