Mehbooba Mufti not to contest J-K polls
29 Aug
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Mehbooba Mufti not to contest J-K polls

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Top Stories Tamfitronics SRINAGAR: PDP president Mehbooba Mufti on Wednesday said she will not contest the assembly elections in Jammu and Kashmirpointing out that she would not be able to fulfil her party's agenda in the union territory set up even if she were to become the chief minister. "I have been chief minister of a government with the BJP which revoked FIRs against 12,000 persons (in 2016).Can we do that now? I, as the chief minister of a government with (PM) Modi, wrote a letter to separatists to invite them for talks. Can you do that today? I got a ceasefire (implemented) on ground. Can you do that today? If you cannot take back an FIR as chief minister, what does one do with such a post?" she said. The PDP ...
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Housing slump hits groundworks contractor’s bottom line
29 Aug
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Housing slump hits groundworks contractor’s bottom line

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Top Stories Tamfitronics Profit at groundworks firm M&J Evans slipped last year amid a slowdown in housebuilding, according to its latest accounts.The Walsall-based firm, ranked 49th in the CN100 2023 table of top contractors, posted a pre-tax profit of £2.2m for the 2023 calendar year from turnover of £334.3m.Both figures represented a steep decrease from revenue of £405.8m and pre-tax profit of £23.4m the year before.Chief executive Chris Southgate described a “challenging year” marked by “a considerable reduction” in demand for residential groundworks and increased borrowing costs as interest rates rose.He added that the resulting “operational inefficiencies”, combined with unrecovered “significant” inflation-related costs from clients, caused the firm’s margin to shrink from 5.8 to just 0.7 per cent.M&J Evans remained free of bank loan debt and had cash at hand of £18.2m at the end...
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Third time lucky as £1bn printworks plan set for green light
29 Aug
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Third time lucky as £1bn printworks plan set for green light

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Top Stories Tamfitronics The £1bn redevelopment of what was Europe’s largest printworks is set for approval, nine years after plans were first submitted.Officers at Tower Hamlets council have recommended conditional approval of the residential-led Westferry Printworks scheme, which will occupy a 61,500 square metre site near Canary Wharf in London. A contractor has not yet been appointed, although Mace is acting as development manager for developer Northern & Shell.Tower Hamlets council will meet later today (28 August) to decide whether to follow the officers’ recommendation and grant the revised scheme permission subject to planning conditions including £652,000 towards construction skills training and 20 per cent local construction labour.The planning application is the third proposal for the site since 2015.If approved, the new development will provide 1,358 homes, a secondary school for 1,200 pupils, and 6,200...
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