Global FM market will reach $2,127bn by 2027

The global facility management services market was worth approximately $1,314 billion in 2018 and is expected to generate around $2,127.4 billion by 2027, at a CAGR of around 5.5%. That’s according to a new report by Zion Research, which says there’s increasing demand for integrated facility management owing to growing awareness regarding the benefits associated […]

Carillion reduces full year revenue outlook after ‘disappointing’ first-half

Troubled British multinational FM and construction firm Carillion Group has revised its full year outlook after what it referred to as a disappointing set of first-half results. Revenues are now expected to be £4.6bn-£4.8bn, down from £4.8bn-£5bn, with a further £200m provision in respect of 23 of its support services, adding to the £845m provision […]