Finance News – Page 200
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News
Public sector props up industry in March as Balfour tops table
More than half of month’s £1.78bn total comes from public projects
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NewsSkanska bets on civils and utilities
Skanska UK has said it will rely on the utilities and civils markets to help it through the downturn
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Deal for £500m Lloyds assets
Lloyds has selected Coller Capital as the preferred bidder for its integrated finance portfolio of assets, which includes stakes in social housing firms Keepmoat and Apollo
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Tyler bags £200k bonus
Balfour Beatty’s chief executive Ian Tyler took home a cash bonus of £202,860 in 2009, taking his total pay to £933,896
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NewsStyles & Wood reveals £1.8m pre-tax loss
Property services firm says loss was owing to refinancing and restructuring
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NewsArabtec deal with Abu Dhabi scrapped
Improved cash situation for Dubai contractor giant may have eliminated need to sell 70% stake
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NewsGrainger reports 42% rise in property sales
Developer says land prices and margins both increased in the first half of the financial year
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NewsMichelmersh completes Freshfield Lane Brickworks buyout
Brickmanufacturer expands operations with aquisition of Sussex-based firm
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NewsColler Capital preferred bidder for HBOS portfolio
Deal is due to be signed in six to eight weeks after period of legal due diligence
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News
Come back bankers – all is forgiven
Instead of baying for their blood, we should be looking at how we can make the skills of financial engineers work to the construction industry’s advantage
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NewsVinci boss demands clarity on budget cuts as turnover stalls
John Stanion says industry ‘desperately needs guidance’ as pre-tax profit falls to £14.6m
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News
Bovis Homes directors forfeit cash bonuses for shares
Directors at housebuilder Bovis Homes have waived their rights to cash bonuses in 2009.
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NewsBarr wins Scottish Sainsbury's contract
Contractor benefits from retailer’s plans for expansion
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NewsNorth Midland posts profit despite OFT fine
Company reveals £1.7m pre-tax profit despite setting aside £1.6m for bid rigging fine
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NewsConstruction still in recession, says FMB
Over half of construction SMEs report lower workloads in public sector as local authorities tighten the purse strings
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NewsConstruction activity rises for first time in two years
Survey by Chartered Institute of Purchasing and Supply shows first growth since February 2008, with strongest performance in housebuilding
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NewsBovis Homes directors waive cash bonus
Housebuilder’s bosses surrender controversial cash payments in favour of share payouts