Finance News – Page 172
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NewsPersimmon profit jumps to £95m
Housebuilder cautious on current trading environment after weak end to 2010
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NewsThird of property lenders pull out of market
A report from commercial real estate advisor CBRE says a third of those previously active in the sector have pulled out since 2007
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NewsWSP profit down 24%
WSP pre-tax profit fell by in 2010 as its transport division suffered from falling revenues
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NewsKeller UK division lurches to £2.5m loss
The piling firm’s UK division made a £2.5m loss during 2010, despite cost cuts
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Engineer finds extra £2m in pay packet
Engineer at Devon based firm has repaid the £2m, which is 1,000 times his nornal salary
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NewsMorgan Sindall lays off 600 ex-Connaught staff
A quarter of the staff transferred to Lovell have left since September
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NewsHighways Agency to use project bank accounts
Organisation is the latest body to adopt government plans to combat payment abuse
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Civils firms hit by higher costs and lower tender prices
Sector in distress as third quarter survey of workloads shows growth has not yet returned
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NewsLend Lease profit up 17%
Despite falling global revenue, profit has increased and big projects in UK and abroad are doing well
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Demand for planning applications for change of use soars
Increase in planning applications could signal a market revival
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ISIS funds HPF’s global growth
Hurleypalmerflatt will continue its international growth with £14m ISIS deal
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Architects pessimistic as work gets harder to come by
Future Trends survey shows lack of confidence in the market
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NewsMouchel rebuffs fresh Costain offer
Costain today confirmed that it is not the party in advanced negotiations with Mouchel and that a further revised offer has been ignored
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NewsKier profit jumps 26%
Contractor says work in large number of markets enabled it to up profit despite challenging environment
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NewsBarratt cuts losses to £4.6m
Mark Clare reports good start to 2011 but says long-term recovery depends on availability of mortgage finance
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NewsGalliford Try profits up 29%
Higher margins in the firm’s construction business boosted profits in the six months to 31 December 2010
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NewsTravis Perkins indicates bumper performance in 2010
Preliminary results point to £3.2bn sales, up 5% on previous year
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NewsMorgan Sindall order book up £400m as profits flatline
Morgan Sindall’s order book reaches £3.6bn in the year to 31 December 2010, as revenues fall 5%
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NewsGreat Portland swaps property lease
Great Portland Estates said today it has swapped its lease on a property on Oxford Street from freehold to leasehold