Downing Construction hit by third year of losses

Liverpool contractor Downing Construction has suffered a third year of losses after further provisions for building safety works and challenges on an Edinburgh student accommodation scheme.
The construction arm of the Downing property group saw revenue double to more than £107m as project work stepped up at its major First Street scheme in Manchester.
But problem projects and cost rises saw pre-tax losses deepen to £5.8m in the year to March 2024, from £3.4m in 2023 and £