Finance News – Page 202
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Babcock's takeover could make VT boss £5m richer
Paul Lester could be in for a windfall after defence giant buys engineering support services firm for £1.33bn
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Severfield-Rowen's revenues fall 11% to £349m
Pre-tax profit at structural steel specialist is down 5% to £49.8m while operating margins rose slightly
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Tribal puts Nightingale Associates up for sale
Architect practice put on the market following review of consultant's business
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Babcock secures £1.33bn acquisition of VT Group
Babcock says combined group will focus on defence, nuclear and infrastructure sectors
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Henry Boot posts £12m loss
Contractor predicts 'patchy' recovery following £22.4m writedown on land
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Wolseley reports £261m loss
Building materials firm increases market share but half-year results show sales are hit by poor performance in US
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Profit falls £6.6m at T Clarke
M&E contractor hit by £1.9m of bad debt, but says it was a ‘credible performance in a challenging market’
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Miller Group ready to snap up HBOS land assets
Housebuilder and contractor hopes ‘great relationship’ will persuade bank to favour it as buyer
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Enterprise posts flat turnover amid merger speculation
Enterprise, the private equity-backed infrastructure support services firm that is the subject of merger speculation with social housing specialist Connaught, posted flat turnover of £1bn in 2009
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Costain breaks £1bn barrier
Costain broke through the £1bn turnover barrier for the first time in 16 years in 2009
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Interserve defies downturn with 11.6% profit rise
Services, maintenance and building group Interserve has posted an 11.6% rise in pre-tax profit to £89.2m for the year ended 31 December 2009. The group’s turnover rose 5.9% to £1.9bn
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Archial uses Alsop name for global rebrand
Architect Archial Group has rebranded its international business as Alsop Sparch as part of a plan to win new overseas clients
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Lloyds Development Capital to buy stake in Matrix
£10m purchase of part of energy management firm follows acquisition of stake in housing specialist
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Pidgley put off by Noho Square asking price
Berkeley boss admits he has looked at central London site but won’t “pay telephone numbers”
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Babcock close to VT takeover decision
Board of defence services firm reported to be meeting this afternoon to decide whether to raise £1.3bn for buyout
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Miller Group stays in red with £72.4m loss
Housebuilder and contractor remains optimistic despite 25% fall in turnover
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Willmott Dixon scoops £350m public sector framework
Contractor will be delivery partner for local authorities using Scape National Contractors Framework
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House prices spark fears of double-dip
Rightmove survey shows lowest ever rise in asking prices in March, rising an average 0.1%