Finance News – Page 190
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Atkins’ North American acquisition triggers share price jump
The City has hailed Atkins’ £178m acquisition of Florida-based consultant PBSJ this week, which has boosted the firm’s North American business to more than eight times its current size
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Mouchel shares tumble as consultant downplays profit
Shares in consultant Mouchel fell 5% on Tuesday morning after the firm said profit would be at the “lower end of expectations” when it reports annual results next month
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NewsBritish Land asset growth slows
Lack of available finance and fears of a double dip recession puts brakes on office market recovery
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NewsConnaught lenders start selling loans
Barclays is one of the banks selling their Connaught loans to hedge funds specialising in distressed debt
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NewsLloyds writes off £3bn from property portfolio
Banking group’s six-month figure ’driven’ by acquisition of HBOS real estate book
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NewsTaylor Wimpey to widen refinancing talks
Housebuilders says it will to talk to more lenders about securing a refinancing deal as it reveals £19.6m half-year profit
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NewsMace profits soar by 30%
The contractor building the Shard increases pre-tax profit by 30% to £19.3m
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NewsAtkins buys US consultant for £178m
PBSJ has a turnover of £518m and employs around 3,500 people in the States
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NewsBidders prepare to pounce on stricken Connaught
Social housing contractor in crisis talks with banks as suppliers report tenfold rise in late payments
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NewsIndian tycoon swoops to save McCabe with £300m
Irish contractor behind £110m London skyscraper will give investment company a 50% stake
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Crest Nicholson owners to refinance after rejecting Horizon
Crest Nicholson’s banks have begun work on a refinancing deal after effectively ditching plans to sell the housebuilder to Horizon, the listed bid vehicle of the former Pizza Express owner Hugh Osmond
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RICS: Commercial demand falls
Demand for commercial property in the UK has dropped for the first time in 12 months, according to the RICS
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Labour’s Treasury unit ‘revived PFI – but at high cost’
The Labour government committed an extra £1bn to PFI schemes last year as it attempted to kickstart the private financing of infrastructure projects, auditors have found
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NewsTravis Perkins profit up 24%
Turnover rises 5% to £1.5bn as builders merchant looks to complete BSS purchase
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NewsFSA to investigate Connaught
Financial Services Authority to investigate troubled social housing company according to reports
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NewsPFI emergency plan will cost extra £1bn
Treasury Infrastructure Finance unit helped kickstart PFI in 2009 but it will cost public sector up to another £1bn over next 30 years
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NewsDemand falls for commercial property
RICS report shows lettings for business property slipped in second quarter of this year
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WSP's profit drops 3.2%
Consultant blames ’challenging trading conditions’ as profit drops to £18.3m
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NewsIndustry sees output rocket to 6.6%
Construction output grew 6.6% in the second quarter of 2010, helping boost GDP growth to higher than expected levels.