Finance News – Page 199
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Balfour Beatty sells health and water PPP stakes for £21m
Balfour Beatty has raised more than £21m through the sale of its PPP stakes in Aberdeen Environmental Services and Consort Healthcare
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BAM bets on civils despite record construction turnover
UK division delivers construction revenue of £1.1bn, but focus turns to rail, waste, roads and energy
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Restructuring takes the shine off Connaught’s results
Pre-tax profit at social housing contractor Connaught fell 13% to £10.7m in the six months to the end of February as it was hit by £10m of restructuring and acquisition costs
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Lindum revenue falls 23%
Lincolnshire-based contractor Lindum Group has posted a 23% fall in turnover in the year to 30 November 2009 from £87m to £67.4m
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Warings boosts profit to £1.5m despite 19% turnover drop
Warings, the South Coast subsidiary of French contractor Bouygues, has posted a 19% drop in turnover from £98.8m to £80.1m in the year to 31 December 2009
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NewsBAM posts record construction turnover for 2009
But UK firm plans to counter public spending cuts with refocus on civils work
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NewsTaylor Wimpey has cut debt by £90m in 2010
But shareholder group pushing to reject chief executive’s remuneration package at AGM today
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NewsConstruction 'stuck in recession till 2011'
Construction Products Association report says industry is lagging behind the UK economic recovery
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NewsBalfour Beatty sells stakes in two PPPs for £21m
Contractor sells interests in Aberdeen Environment Services and Consort Healthcare
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NewsConstruction decline holds back UK economy
Nominal growth of 0.2% is hampered by decrease of 0.7% in construction sector
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NewsIan Tyler still best value boss as bonus row escalates
Balfour chief executive praised for 2009 success as shareholders complain of ‘excessive’ rewards
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NewsNative Land continues to mark out its territory
SME profile: Fledgling developer behind Rogers’ NEO Bankside returns to buying up London’s land
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Emcor returns to profit despite 10% drop in turnover
M&E contractor Emcor posted a 10% drop in turnover to £320m in 2009, although pre-tax profit was up to £11.2m from £10.9m
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NewsConstruction insolvencies on the decline
Report by Experian shows insolvencies are 5% down in March compared to last year
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NewsDavid Arnold becomes FD at Enterprise
Former Redrow finance director joins infrastructure support services firm in same role
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NewsMorgan Sindall merges construction and infrastructure firms
Graham Shennan will head up Morgan Ashhurst and Morgan Est divisions which will operate as Morgan Sindall
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Lloyds buys 30% stake in United House
The private equity arm of Lloyds Banking Group has completed its acquisition of an estimated 30% stake in social housing contractor and developer United House.
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NewsCherrys consider ‘outsider’ for Countryside chairman job
Co-owner Lloyds may back non-family candidate in drive for more involvement in housebuilding assets
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Simons restructures to make top directors more ‘hands on’
Retail specialist Simons Group has streamlined its senior management structure in an attempt to bring its top directors closer to its clients.