Finance News – Page 169
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NewsT Clarke reports 22% drop in profits last year
Despite some big contracts and an increase in revenue for the firm, pre-tax profits fell 22%
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Severfield pushes back recovery hopes to 2012
Steel specialist’s pre-tax profts fell by 70%, and directors expect the tough climate to continue into 2011
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Henry Boot returns to profit
Selling the Ayr Central Shopping Centre for £33.8m wiped out the contractor’s debts
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NewsLand Securities secures £71m for Park House development
Developer Land Securities has secured its profit on the development before it is even built
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NewsHenry Boot back in the black after property disposals
Property and land disposals have wiped out Henry Boot’s debts and the firm has returned to profit
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NewsSeverfield profits down 70%
Yorkshire based steel specialist reported a collapse in profits during 2010
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NewsMortgage lending stagnates in February
Mortgage lending was flat compared with January, figures released today by the Council of Mortgage Lenders shows
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NewsT Clarke results hit by Scottish contract
Pre-tax profits fall of 22% blamed on challenging markets and problems with a large contract
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NewsBerkeley sales rise 25% as construction costs stay low
Houesbuilder says excess capacity in construction sector is keeping costs down despite material and fuel inflation
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NewsHousing market recovery slow moving for now
Many factors have contributed to a slow start for the housing market – but that should change as the year progresses
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NewsRenew ceases public sector work in the North
Firm says the public sector in the North is no longer viable and will be pulling out
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CityWatch: Devastation abroad but dull week at home
Japan’s crisis impacts the stock market while UK firm’s share prices see little movement
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NewsMears operating profits up by 27% as rivals crash out
Social housing repairs provider says underbidding has led to failures, allowing it to ’pick up the pieces’
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Billington boss believes steel market has ‘reached bottom’
Billington chief executive Steve Fareham says markets are improving and the cycle is turning
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Miller Group sales down 15%
The firm’s 2010 loss was an improvement on 2009, and its chairman was optimistic of market recovery
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NewsFocus on costs boots Bovis Homes' profit by 146%
Despite increase in sales of only 6%, a focus on costs pushed the firm’s margins higher
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NewsPinnacle to proceed after funding secured
Full funding is set be confirmed for the £1bn development later this month, according to reports
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NewsEaga secures £300m solar project funding
Eaga has secured financing to help fund the installation of solar PV panels on 30,000 homes
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NewsSIG feels winter chill as it posts £77m loss
An extreme winter and restructuring costs hit interiors firm
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NewsMiller group sales down 15%
Miller reduced its loss before tax from £72m in 2009, to £58m in 2010