Finance News – Page 217
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NewsWillmott Dixon instigates major restructure
Company will now have three separate businesses for capital works, regeneration and support services
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NewsKier reports 'strong' order book
Market update reveals first quarter trading in line with expectations and steady flow of education work
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NewsNG Bailey boss was ‘victim of cost-cutting drive’
Doubts raised that departure of Mark Andrews from M&E specialist last week was mutual decision
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Citywatch: Pirc vs Perks
Galliford Try received a shot across the boughs on Tuesday from investor lobby group PIRC, which urged shareholders to snub today’s vote on directors’ pay
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Lloyds: Relationship crucial in WYG bailout
Lloyds Banking Group has said its strong relationship with White Young Green was vital to last week’s rescue deal with the consulting engineer
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NewsBDP’s profits treble as directors agree to take 9% pay cut
The directors of Building Design Partnership, the UK’s largest architect, have taken an average 9% pay cut to help triple the company's bottom line
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Plummeting products
Nearly nine out of 10 heavyweight construction products firms reported “significantly” falling sales in the past three months, according to data from the Construction Products Association
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Arabtec profits fall
Arabtec, the UAE’s largest contractor, has announced a 35% fall in profit to 167m dirham (£28m) for the third quarter of 2009
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Babcock goes atomic
Babcock International has completed its £38m purchase of the commercial arm of the UK’s Atomic Energy Agency, which handles decommissioning work in Scotland, Dorset and Oxfordshire.
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Scott Wilson buoyant
Consulting engineer Scott Wilson Group said its half-year results would be ahead of market expectations, thanks to its work on Crossrail and the Mersey Tidal Barrage.
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Alumasc trading down
Building and engineering products company Alumasc has said trading was down in the three months to the end of September compared with the same period in 2008.
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NewsBank of England holds interest rate steady at 0.5%
Base rate is kept level for eighth month in a row as bank plans to extend quantitative easing by £25bn
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NewsSelling prices on the up for Redrow as private reservations soar
Group announces 47% boost in reservations and expects focus on family housing to lead to further price hikes
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NewsMorgan Sindall consortium picked for £400m Hull BSF programme
Esteem consortium is named as the preferred bidder to deliver 17 new or rebuilt schools
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NewsTaylor Wimpey eyes price increases as market improves
Housebuilder fully sold for 2009 turns to building its 2010 order book
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NewsDecline in construction purchasing accelerates
CIPS/Markit index shows orders from purchasing managers falling, with the steepest decline in civil engineering activity
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NewsGleeds sells Australian division to MBO
The new practice Lucrum Consulting will take on £2bn of Gleeds projects
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News'Significant' drop in sales of construction products
Data from Construction Products Association shows manufacturers experiencing falls in trade while price of raw materials rises
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NewsWYG posts £129m loss but seals rescue deal with lenders
Engineering consultant makes massive writedowns, but secures its future with debt-for-equity swap
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NewsCurrie & Brown follows rivals by restructuring
Consultant restructures UK operations to boost energy and infrastructure to 40% of the business