Finance News – Page 216
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NewsConstruction insolvencies fall
Number of firms going bust falls 4.7% in third quarter but experts warn the rate remains worryingly high
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NewsBAA to raise £500m equity
Funding will be used to reduce debt and facilitate access to capital markets
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NewsTories pledge to scrap current model of PFI
George Osborne says Labour's use of PFI is 'discredited' and 'new ways' needed to leverage private sector investment
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NewsTwo-thirds of construction firms expect a positive 2010
International survey reveals most industry professionals believe profits will stay the same or increase by middle of next year
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NewsPersimmon reports 'strong' forward sales and lower debts
Trading levels at housebuilder up on last year and 9000 homes completed but concern that a rise in unemployment could hit sales
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NewsBalfour Beatty snaps up interior construction contractor
UK firm boosts US expansion by £15m acquisition of Texan firm SpawMaxwell
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NewsMore deals could follow Gleeds buy
Gleeds says its purchase of rival QS Locus Consultants for an undisclosed sum could herald a consolidation drive in the consultancy sector
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Willmott Dixon regroups
Willmott Dixon has formed three trading brands after last year’s re-acquisition of social housing group Inspace
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Hochtief profit plummets
Pre-tax profit at German owned-contractor Hochtief UK Construction fell 59% from £1.6m to £665,000 in the year to 31 December 2008
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Galliford’s sales rise
Galliford Try has reported that total house sales rose 7% to £274m in the four months to 5 November and it described the autumn selling season as “stable”
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NewsViñoly fiasco contributes to £13m turnover drop at Banner
Contractor £2.8m in the red after dispute with Colchester council and three other problem jobs
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Citywatch: Kier keeps it interesting
Kier kicked off the week with a trading update containing two points of interest beyond its cautious optimism and the trumpeting of 52 framework deals
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NewsSales decline slowing at SIG
Construction supplier says rate of decline is slowing but sees no turnaround in private sectors
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NewsKeller 'resilient' despite tough climate
Ground engineer says financials are robust thanks to public infrastructure spending
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NewsHenry Boot sees decline in frameworks on public contracts
Construction group says competitive tendering is taking over on publicly funded schemes
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NewsGreat Portland Estates buys two West End developments
Property investment company announces two London acquisitions as it posts six-month pre-tax loss of £29.8m
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NewsNorth Midland sees revenue slip 30% below budget
Civil engineer struggles in "extremely challenging" economic climate as it seeks advice on OFT fine
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NewsBalfour reports steady growth and a strong order book
Infrastructure successes give contractor global order book of £13.7bn despite fall in rail business
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NewsPublic sector work keeps Morgan Sindall on track
Trading in line with expectations despite slump in fit out market
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NewsTony Douglas leaves Laing O'Rourke
Chief operating officer leaves after long period of uncertainty over his role