Finance News – Page 207
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NewsGalliford Try buys Bank of Scotland stake in joint ventures
Contractor takes back 50% share of five housebuilders with development value of £154m
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NewsMouchel issues 'perfect defence' against VT takeover bid
Trading update reveals order book is up to £2bn, after two contract wins this week
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NewsMcLaren boss boasts £18m war chest
After posting 88% rise in pre-tax profit, chairman Kevin Taylor reveals intention to buy up struggling contractors
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NewsBritish Land boosted by rising property values
Property group says portfolio value rose by 8.2% in last three months of 2009
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NewsConstruction recovery not expected till 2011
Latest Construction Trade Survey says 2010 will be marked by rising material and energy costs and declining orders
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NewsUniversity Partnerships Programme ranked among top private equity backed firms
Profit growth of 413% wins firm fifth place on Sunday Time Deloitte Track 100 league table
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NewsConstruction firm failures down 15%
Insolvencies in the industry drop more than 42% from peak but experts warn that situation could worsen
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NewsSkanska keeps steady with £1.5bn turnover
Operating profit of £38.9m and £1bn Essex BSF contract start year off on positive note
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NewsBellway warns of sluggish start to year
Trading update cautions that lack of mortgage affordability will result in a slow first half of 2010
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Demolition firm Brown and Mason hit by 50% slump in profit
Turnover and profit have fallen heavily at demolition firm Brown and Mason for the year ended 30 April 2009
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T Clarke bullish
M&E contractor T Clarke said it would beat its expected earnings in its final year results,expected in March
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McInerney struggles
Irish housebuilder McInerney Holdings has announced that it completed just 756 homes in the UK and Ireland in 2009, compared with 1,359 units the previous year.
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Mitie’s ‘good start’
Outsourcing specialist Mitie is confident it will hit expectations for full year results
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Bovis refinancing deal
Bovis Homes has signed a four-year £150m deal to replace its previous debt facility
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EAGA’s 15% growth
EAGA, the green support services firm, has announced a 15.3% rise in turnover to £391.5m and a 10.3% jump in pre-tax profit to £23.9m for the six months to 30 November 2009.
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Lakehouse doubles pre-tax profit to £2m
Social housing specialist Lakehouse more than doubled pre-tax profit in 2009 and is hunting for acquisitions
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Countryside loss hits £54m as details of debt deal emerge
Turnover crashes by half as housebuilder is hit by falling market and exposure to mixed-tenure schemes
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Citywatch: Nobody is indispensable (except Mark)
Shares in Connaught were showing no sign of recovery early this week after last Friday’s shock announcement that chief executive Mark Davies would part ways with the social housing specialist in August
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NewsHarry Neal to go into liquidation
Directors of London-based building firm agree to move after winding-up petition is issued