Finance News – Page 175
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NewsMouchel’s debt refinancing will not attract new bids
Costain’s £170m bid is likely to remain the only offer and will not increase, say analysts
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News30,000 firms end 2010 in financial distress
Construction and property are worst hit sectors as government spending cuts take toll on finances
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NewsPressure grows for interest rate increase
Bank of England minutes released today showed two MPC members voted for an increase in interest rates this month
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NewsMore firms eye up Mouchel
Reports suggest Carillion, Balfour Beatty and Capita are sizing up bids
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NewsConstruction sector output slumps 3.3%
ONS figures released today show construction sector output fell by 3.3% in the last three months of 2010, while the overall economy shrunk by 0.5%.
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Mouchel close to selling Middle East business as it fights off Costain
Sale is part of refinancing that could lead to other firms bidding for consultant
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NewsNumber of construction firms in trouble up 20%
SME particularly badly hit as public sector spending contracts
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NewsSales grow 11% at social housing specialist Forrest
Private equity backed firm boosts sales and profits
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May Gurney buys Turriff Group for £13.6m
May Gurney has boosted its Scottish business with the £13.6m acquisition of infrastructure maintenance specialist Turriff Group.
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NewsMouchel speeds up refinancing to try attract new bidder
Mouchel today told its shareholders to ’take no action’ in response to Costain’s revised £170m approach
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NewsTaylor Wimpey US sale could wipe out debt
UK firm is considering selling North American arm to help raise funds after a tough year
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Johnson & Johnson Furniture goes into administration
Bespoke fit-out firm appoints administrator and makes 50 out of 70 staff redundant
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NewsGreat Portland FD moves to Hammerson
Hammerson finance director Simon Melliss will retire in June and be replaced by Timon Drakesmith
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NewsHenry Boot expects revenue to jump 10%
In an update today, Henry Boot management said revenue for 2010 will be around £128m
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NewsGrontmij folds UK acquisitions into its brand
Roger Preston & Partners and Whitelaw Turkington will trade as Grontmij
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NewsMidlands contractor enters administration
Clark Construction collapses with the loss of 60 jobs
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NewsRok arm resurrected by local management
Grimsby contractor taken over by Rok has been re-established under original name Topcon
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NewsKingspan acquisition clears competition hurdles
Insulation group’s £102m takeover of CRH Insulation Europe given green light in Germany, Holland and Ireland
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NewsConstruction insolvencies fall 14% in 2010
PwC data reveals decrease in firms going bust but industry could still be vulnerable