Van Elle starts cost-cutting drive as housing work softens

Ground engineering specialist Van Elle is rolling out cost-saving measures as it confronts softening demand for foundations in the housing market and growing uncertainty in infrastructure.
In a trading update this morning, the firm said results for the year to April would be in line with previous expectations of achieving a pre-tax profit in the £5m range and group revenue ahead 20% of the £125m achieved in 2022.
But since the interim results in January, Van Elle said it had seen the