Finance News – Page 209
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News
Insolvencies rise 33% in 2009
Nearly 3,000 construction firms entered insolvency in 2009, according to figures from accountant Pricewaterhouse Coopers
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Keepmoat buys Milnerbuild
Social housing firm Keepmoat has bought Milnerbuild, a Leeds-based specialist with a £10m turnover
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Wolseley’s European boss loses job in boardroom shake-up
Materials firm Wolseley has made its European chief executive redundant in a boardroom shake-up
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NewsBenfield Construction goes bust
Workers face redundancy as Benfield Group puts Midlands-based construction arm into liquidation
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NewsBovis Homes signs £150m banking deal
Four-year revolving credit facility with five-bank syndicate has improved terms thanks to strong balance sheet and housing upturn
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NewsVT Group reaffirms interest in Mouchel takeover deal
Support services firm believed to be watching closely for consultant's debt position to deteriorate
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NewsConstruction will be 'in recession till 2011'
Construction Skills Network forecasts marginal decline for 2010
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NewsMcInerney sees no respite from depressed housing market
Irish housebuilder cuts number of completed homes by half
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NewsEconomy exits recession, but only just
Government statistics show growth of 0.1% in last quarter of 2009, bringing 18-month recession to an end
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NewsCommercial property values rise in 2009
Retail and office sectors in London lead the rise in rents in final quarter of last year
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NewsUS construction spending falls for seventh month in a row
Data from US commerce department shows spending on residential and commercial projects continues to decline
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NewsPochin reports £3.1m half-year loss
Revenue falls to £47.5m as listed builder and developer forced to write down value of property joint ventures
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NewsWolseley axes European chief executive
Rob Marchbank will leave the company in March after Wolseley makes role redundant in management shake-up
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NewsVT given deadline for Mouchel bid
Takeover panel demands group decide whether to make an offer by 8 March after bid process goes quiet
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NewsDrivers Jonas to merge with Deloitte
Merger will create one of the largest real estate businesses in Europe
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NewsVT delays Mouchel bid amid debt uncertainty
Engineering firm VT Group has put its attempted takeover of Mouchel Group on ice until there is greater clarity surrounding the latter’s debt position, sources close to the bid have revealed
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Styles & Woods chief leaves
Steve Wilton, the chief operating officer of retail specialist Styles & Wood has left the firm, according to documents filed at Companies House
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Construction’s failure rate
Construction firms accounted for 21% of all businesses going into administration in 2009, according to accountancy firm Deloitte
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Kier promotes Bowcott
Kier has appointed Steve Bowcott as managing director of its construction division
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NewsAukett to get £1m from Halabi
Nicholas Thompson, chief executive of architect Aukett Fitzroy Robinson, has said developer Simon Halabi may be forced to pay it more than £1m after their legal row