Finance News – Page 181
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Places for People boss takes pay cut as staff and revenue fall
The salary of the chief executive of Places for People, the UK’s largest housing association, fell 5% over the past year, according to the company’s accounts.
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Styles predicts sales fall
Styles & Wood has said it expects to see a sharp decline in its revenue when it releases its annual results at the end of the year.
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NewsMouchel pays heavily for public sector involvement
Analysts predict two more years of suppressed profit as cuts to road schemes bite
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NewsCity watch: Here comes the cavalry
Mouchel was not the only company that wavered on the market this week - Serco suffered a blip after it tried to pass on a government price squeeze to suppliers and was humiliatingly forced to apologise for it after pressure from Francis Maude
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NewsFinancial regulation has gone too far, says Redrow boss
Redrow chairman Steve Morgan says there is a desperate lack of affordable motgages
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NewsWSP warns of public sector slowdown
Engineering group trades in line with expectations but takes on more debt than anticipated
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NewsConstruction growth peaks
Latest CIPS figures for October show that growth in new activity is lowest in eight months
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NewsMears grabs £100m of Connaught jobs
Social housing specialist wins work from Islington, Lambeth and Exeter
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NewsBDP sheds 13% of staff as turnover drops £5m
Architect lost some 160 jobs in 12 months to June despite doubling its pre-tax profit
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NewsBerkeley to fund more homes for private rent
Berkeley Group is setting up a second fund to build homes for private rent next year, chairman Tony Pidgley has announced
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NewsCityWatch: In the hot seat
You have to wonder whether some housebuilding bosses haven’t begun putting out feelers to headhunters
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Telford: mortgage market will stay in doldrums until 2012
There will be little improvement in the mortgage market until 2012, according to a trading update from Telford Homes
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New finance chief for T Clarke
Mechanical and electrical contractor T Clarke has appointed Martin Walton as its group finance director
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British Land deal kickstarts construction of Cheesegrater
British Land has signed a deal with Canada’s Oxford Properties to begin construction of the 47-storey Cheesegrater in the City of London
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NewsStyles & Wood issues turnover warning
Property support company expects revenue to drop £40m from 2009 figure
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NewsMouchel axes 200 managers as it reveals £15m loss
Redundancies are in addition to job losses announced earlier this year
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NewsTurnover soars at Jones Lang LaSalle and CBRE
Commercial real estate firms see revenue rise by over a fifth
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News‘Write off Nakheel bonds’ ACE chief urges consultants
UK firms warned that Dubai developer may not be able to meet five-year repayment plan