All articles by Angela Monaghan – Page 27
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NewsSharewatch: Adapt or die
Much to the displeasure of housebuilders, speculation about a housing crash has preoccupied the City and the media in recent weeks.
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NewsSharewatch: Downbeat trading
The trickle of downbeat trading statements from quoted housebuilders continued to flow last week.
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Galliford Try directors resign to set up niche business
Affordable housing bosses John Owen and David Faint expected to launch construction consultancy
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Westbury’s profit leaps 20% despite gloomy market
… but housebuilder warns that forward orders are down 21%, and Hometrack survey reports house price falls
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NewsMittal plans to forge £11.4bn steel giant
Lakshmi Mittal, the steel magnate, said this week he planned to create an £11.42bn company that would be the biggest in the sector and a rival to Corus and the Luxembourg firm Arcelor
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Sharewatch: Jarvis’ showdown
There were some early fireworks last week as the board of Jarvis faced an angry crowd of shareholders at its annual general meeting.
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NewsCountryside results deepen housing gloom
Housebuilder Countryside Properties issued its third negative trading statement in five months last week.
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HOK to conduct science experiment
International architect HOK is seeking to expand its work in London by branching out into science and technology design.
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NewsBellway’s record profit bucks market slowdown
Housebuilder makes £200m and is set to achieve forward sales target, despite market gloom
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NewsJarvis’ PFI schools sell-off to Vinci hangs in balance
Clients refuse to endorse change of contractor at this stage without first getting proof that Vinci can deliver
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Gleeson switches focus as construction profit shrinks
Contractor intends to concentrate on regeneration after building arm reports 67% fall in operating profit
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NewsMultiplex set to buy Chelsfiel
Quoted Australian company Multiplex is poised to become a key developer in Britain after agreeing this week to a £2.1bn takeover of property firm Chelsfield.
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NewsProperty magnate raises stake in Crest Nicholson
Takeover speculation intensifies after Gerald Ronson increases Heron International’s stake to 19.6%
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NewsSharewatch: Takeover chatter
The share price of AMEC shot up almost 16% to 342p last week. The boost, of course, came from renewed takeover speculation, the ripples of which surfaced last Friday
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NewsBalfour lands six US contracts worth £268m
Contractor Balfour Beatty has won six US civil engineering contracts worth about £268m
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NewsLeading cement supplier warns of 15% price hike
Castle Cement blames rising energy prices and European legislation – and predicts knock-on effect
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FeaturesPFI in limbo
Ten years after it burst on the scene, PFI has become bogged down in project delays. As research published this week reveals yet more missed PFI targets, We report on how contractors are upping sticks and taking their expertise abroad
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House prices fall for third month in a row
House prices have fallen for the third month running after the market failed to make its usual early autumn recovery
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NewsSharewatch: Countryside blues
Just when we thought we’d had all the bad news from Countryside Properties, last Thursday the company issued its second profit warning in five months