Property firm Derwent London said it would not start new development projects until 2010/11 due to weak central London occupier demand and the difficult investment climate in the property market.

Engineer IMI said on Wednesday it is confident of meeting 2008 expectations on continued revenue momentum, but cautious on the outlook given recent weakening in some of its markets.

Housing builder Barratt Developments said continuing price pressures are having a negative impact on its operating margins, and that it expects further writedowns by December.

Increasingly desperate sellers slashed asking prices for homes in England and Wales by 2.9 percent in November, pushing them 7.1 percent below their level a year ago, a survey showed on Monday.

U.S. private equity groups are thinking about making a bid for Taylor Wimpey , The Observer said on Sunday.

JCB is to shed almost 400 jobs.

Over 40 major construction trade bodies and building groups have signed up to the Welsh National Assembly’s Green Charter to slash carbon emissions in new housing.

Taylor Wimpey said efforts to renegotiate its bank debt had been slightly disappointing, sending shares in Britain's largest housebuilder as much as 19 percent lower.

Private equity firm TDR Capital is in talks to inject cash into Taylor Wimpey in exchange for a stake in house builder by number of homes, the Mail on Sunday reported.

Galliford Try , the construction group, warned Friday that it would have to make a 50 million pounds writedown on its housebuilding operations in the first half of 2008/09 and said it was taking "a more cautious view" of prospects for both this year and next.

The Mayor of London has pledged to build 50,000 new homes, but removed his predecessor’s target that 50 percent of all new housing in London must be affordable.

‘The Nation’s Local Builder’ has announced its annual revenue will fall £120 million short of the company’s original estimates.

The construction sector shrank last month at its fastest pace since records began more than a decade ago after falling house prices and tight credit took their toll, a survey showed on Tuesday.

Cement manufacturer Cemex may have to close its Cambridgeshire plant.

Construction and engineering firm Balfour Beatty said Tuesday that trading since June had remained strong thanks to its involvement in infrastructure projects.

The ‘Greener Homes for the Future?’ bill has stated that, in the light of the credit crunch, the government needs to re-think its plans to build three million new homes by 2020.

A gloomy warning accompanied sales statistics from the Quarry Products Association.

House prices fell in October at their sharpest annual rate since records began in 1991, the Nationwide building society said on Thursday, as the housing market slump gains momentum.

Aberdeen-based DOF Subsea UK has gained a major positioning contract with Heerema Marine Contractors.

The North Wales construction group has gone into administration with debts which could total as much as £100 million.

Struggling manufacturer Cosalt Holiday Homes has been bought by Endless Investments, but 289 jobs will be lost.

English and Welsh house prices fell by 7.3 percent in the year to October, with the pace of decline accelerating to take prices back to their lowest since March 2006, property consultancy Hometrack said on Monday.

Housebuilder Persimmon said on Monday that falling house selling prices have resulted in it writing down the value of its land holdings by a further 600 million pounds.

Nick Clegg, leader of the Liberal Democrat party, has called for the construction of a ‘Supergrid’ across the North Sea.

The Belfast-based international construction company, formerly one of Northern Ireland’s largest, has called in administrators with debts estimated at £150 million.

Eight recruitment agencies working with construction companies have been accused of price-fixing by the Office of Fair Trading (OFT).

JCB has announced that it plans to reduce UK production by 19 percent, threatening 800 jobs.

House-builder McInerney has stated that housing completions for the year will be lower than its estimations made seven weeks ago.

The Waste and Resources Action Programme (WRAP) has unveiled a major industry voluntary agreement scheme to halve the amount of waste in construction by 2012.

It is anticipated that sales for construction equipment will slump 21 percent this year and a further 10 percent next year as the industry declines.

Travis Perkins , the builders merchant and home improvements group, said it expected underlying profit for 2008 to be at the low end of analysts' expectations, reflecting the downturn in construction markets.

Elis Williams has been shortlisted for the Welsh Assembly Government Business Start-up Award.

The decline in house prices accelerated in September and sales fell to the lowest level in at least 30 years, a survey showed Tuesday, in a sign the housing market slump may have some way to go yet.

Stormwater Management And Road Tunnel (SMART) has won first place at the British Construction Industry Awards (BCIA).

The government has controversially approved a massive expansion of Stansted airport, just days after signalling it would adopt tougher emissions targets.

House prices fell at their sharpest annual rate in at least 25 years in September, as the credit crunch continued to take its toll on the housing market, according to data from Britain's biggest mortgage lender.

British Waterways, the public body in charge of Britain’s canals, has announced plans with Partnerships for Renewables to start green energy generation.

Tool hire company Speedy Hire said on Wednesday its full-year results will be in line with its forecasts as long as there is no further deterioration in the outlook for its end markets.

RG Carter, the East Anglian construction company, has announced it will lose almost five percent of its workforce by the end of the month.

The number of new homes built is expected to drop below 100,000 next year.

Homebuilding company Taylor Wimpey plc has pushed back the target date for concluding debt talks.

A poll from Bibby Financial Services reveals that the majority of employers have made no preparations for the new minimum wage.

An all-time low in construction has been predicted for the next quarter.

The dispute between subcontractor Cleveland Bridge UK and Multiplex has ended as the High Court Judge rules in Multiplex’s favour.

A survey run by the Chartered Institute of Building (CIOB) has found a marked lack of leaders within the construction industry.

A £500 million retail and leisure complex is set to open in Bristol City Centre.

The Scottish Government has allocated £6.5 billion to transport infrastructure between now and 2011.

Construction work has started on the Riverside Resource Recovery energy-from-waste (Efw) plant at Belvedere in London.

The UK housing market is in limbo as activity levels drop, the downward spiral continues and the banking crisis worsens.

Building supplies giant Wolseley plc has today, September 22, announced a 75 percent fall in profits.

Ennstone have confirmed Chief Executive Officer Vaughan McLeod will retire from the firm during 2009.

Kier have announced preliminary pre-tax profits for the year to June.

ConstructionSkills Network says job opportunities for construction workers may halve.

The leading house builder has taken advantage of the land opportunities that are coming to the market.

Plans for a third runway to be built at Heathrow airport have been supported by 100 top UK firms.

Costain has announced that it has been awarded an £80 million contract by Standard Life Investments to construct a new mixed use retail development in Parkway, Newbury, West Berkshire.

SMC Group plc, the architects and design firm, has swung to a pre-tax profit of 1.6 million from a 2007 loss of £4.9 million thanks to international and public sector business.

Barratt Developments plc has seen a 71 percent drop in full year profits as the housing slump claimed yet another high-profile victim.

UK housebuilding firm Redrow today, September 9, said that the downturn is likely to continue until 2010 as major losses and writedowns shook its full year results.

Irish building supplies firm Grafton will lay off 1,000 workers this year, or around eight percent of its workforce, according to reports.