Finance News – Page 170
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NewsBillington profits fall 75%
Profits collapsed at the steel specialist but it is still in the black and has £4.9m in the bank
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NewsRenew retreat hits 60 jobs at Allenbuild
Allenbuild to close regional office in Wigan as parent company shuts northern business
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NewsMears targets work from failed rivals
Social housing contractor hits out at underbidding as turnover rises 11%
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NewsLorne Stewart profits flat on turnover down £10m
Lorne Stewart pre-tax profits were virtually unchanged in 2010, despite a drop in turnover
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NewsRenew closes Northern division and abandons public sector work
Renew Holdings will close division in the north of England blaming poor returns and lack of profit in the public sector
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NewsAtkins boosts Scottish team with acquisition
Atkins has taken over Technical Services Scotland in a deal worth £800,000
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NewsBovis Homes profits more than double
Bovis Homes increases profit to £18.5m on the back of a 6% sales rise
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NewsMortgage lending slumps in January
CML figures attributed to an ’unusual combination of factors’
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NewsConstruction output fell in January
Data released by the ONS today shows output in January was below that in December
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NewsMarshalls’ profits up despite £11m winter hit
Landscaping group says it is looking to build activities overseas
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OFT may appeal tribunal fines cut
Competition body to “consider” appeals tribunal decision to cut bid-rigging fines by 90%
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NewsBalfour Beatty rules out major acquisitions
Firm wants to focus on ’augmented organic growth’ and PPP markets in the US and Canada
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NewsISG boss says London fit-out will not recover till 2012/13
Warning comes despite contractor’s profit rising 73% on £150m sales increase
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NewsTreasury committee launches inquiry into future of PFI
Review will establish if it is a suitable method of delivering projects
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Mitie creates mobile facilities management division
The new division will be called National Mobile Services
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Tchenguiz arrest
Property magnates Vincent and Robert Tchenguiz were arrested in a raid in London