Forterra cuts profit forecast as brick deliveries fall 11%

Brick manufacturer Forterra has cut its annual profit forecast after a further fall in demand, as the slowdown in housebuilding continues to hit companies supplying the construction industry. The Northampton-based company now expects adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of around £50m… The post Forterra cuts profit forecast as brick deliveries fall 11% appeared first on Construction News.

Red profit falls as turnover nears £200m

Red Group has seen pre-tax profit fall by 28 per cent despite an 11 per cent rise in turnover to £189.9m, according to draft accounts. The contractor made £2.9m before tax in the year to 31 March 2026, down from £4.1m a year earlier. Its… The post Red profit falls as turnover nears £200m appeared first on Construction News.

Budget 2026: a look at the opportunities and challenges

Kelly Boorman is the national head of construction at RSM While tax policy changes in the Budget were insignificant for the construction industry, the Chancellor’s commitment to infrastructure investment and accelerating housing development was clear. So, what does this mean for the industry? Commitments to… The post Budget 2026: a look at the opportunities and challenges appeared first on Construction News.

Business rates improvement relief reaches fewer than 2,000 premises, Ryan reports

The tax consultant said the Budget had failed to address limitations to a scheme intended to encourage investment in property improvements. The post Business rates improvement relief reaches fewer than 2,000 premises, Ryan reports appeared first on Property Week.

‘Weak market conditions’ trigger Ibstock profit warning

Brick manufacturer Ibstock has blamed “weak market conditions” after it issued a profit warning. On Monday, the listed Leicestershire-based firm said it expected its full-year adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to be in the mid-£40m range. The company's share price, which… The post ‘Weak market conditions’ trigger Ibstock profit warning appeared first on Construction News.

Metroun Quantity Surveying - IR35 - Will it affect you as a Sole Trader, 13012021

IR35 and the change in legislation come April 2021 in the UK, still has a lot of people confused and feeling in the dark. This Video seeks to tackle the issue of whether IR35 legislation will affect Sole Traders.

RICS, Modus - Sidewalk spread, how city businesses beat the pandemic 14102021

When city centres and commercial districts went dark, business improvement districts kept the lights on and created a sense of community

IR35 umbrellas are feeding HMRC’s £3.6bn tax grab - Published by the Freelance Informer

IR35 expert, Qdos, has responded to the release of put forward to the Finance Bill Sub Committee for their inquiry into IR35 reform in the private sector. Will the HMRC admit what the reform is really doing to British entrepreneurship?

Building Magazine - Get tooled up for the new off-payroll rules, 29032021

This article looks at the introduction of the IR35 system from 6 April 2021 for hiring freelance contractors, and problems with the CEST tool intended to help implement it. What can you do

Business Basics: Small business taxes guide - Published by the Federation of Small Businesses in association with MARKEL

Whether you’re new to the world of working for yourself, or you just want a tax refresher, you’ll find everything you need to know about taxes, record keeping and accounts, as well as key dates for your diary.

What impact due to the recent tax cut and base interest rate hike?

Can net zero carbon targets be helped by a change in tax such as VAT to zero for refurbishment and reuse and 20% on new build?

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