Finance News – Page 210
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Wates has a happy Christmas with a flurry of contract wins
Business barometer Contractor takes the lion’s share of building work as Bam cashes in on civils
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NewsDemand rises for London office space
First upward trend since 2007 sees more demand for office space and industrial property
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NewsQS appointed to value Lancsville's contracts
Leslie Keats tries to recoup money owed to creditors after £131m-turnover contractor went into administration
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NewsGreat Portland Estates sees bumper year ahead
Property investment company plans three London developments as portfolio value rises by 8.7%
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NewsSkanska denies profit warning rumours
Contractor issues statement to City after anonymous email warns of problems in South America
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NewsTolent seeks to go private
North-east contractor's shareholders to vote next month on withdrawal from alternative investment market
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NewsTaylor Wimpey says performance is 'encouraging'
Upbeat trading statement says 2009 has been better than 2008 and net debt has been reduced to £750m
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NewsRedrow appoints new finance director
Barbara Richmond, whose background is manufacturing and retail, replaces David Arnold as FD
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NewsFifth of all failures in 2009 were in construction and property
Findings by Deloitte show 683 property and construction companies went into administration last year
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NewsBellway reservations up 54% on last year
Housebuilder issue positive AGM statement but remains wary about economic outlook
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News£14bn order book for Balfour Beatty
Contractor says construction services had particularly good year and that purchase of Parsons Brinckerhoff had 'significantly enhanced capabilities'
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NewsWYG: Quarter of operations face overhaul after review
Chief executive of consultant says changes are next stage in recovery after refinancing deal
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News
John F Hunt boss pessimistic over London commercial sector
The managing director of demolition firm John F Hunt does not anticipate a recovery in London’s commercial property sector within two years, he said as he revealed a £10m drop in turnover
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Rok: More tough times ahead
Rok has said that it expects the new-build market to remain challenging in the coming year, but that a change in its business mix is mitigating the impact
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News
Abu Dhabi investment fund buys Dubai contractor Arabtec
Arabtec, Dubai’s biggest contractor and the firm that built the Burj Khalifa, the world’s tallest tower, has agreed to sell a 70% stake to an Abu Dhabi investment fund for £1.1bn
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NewsPersimmon poised to exploit housing upturn
Persimmon is gearing up for an upswing in the housing market, following successful negotiations on planning consents with local authorities throughout 2008, according to Mike Farley, its chief executive
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NewsCityWatch: New beginnings
Housebuilders have been on an upswing ever since City folk finished their last turkey sandwiches on Boxing Day
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NewsMultibuild set to be wound up
Stockport-based contractor blames collapse on penalty costs on two major projects and cash-flow problems caused by recession
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NewsBAM FM's new director aims to double turnover
David Leishman sets £40m target for next three years for schools facilities division
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NewsAukett slumps to £1.9m loss as turnover dives by a third
Chairman: 'To say that the group's financial year was difficult would be an understatement'