Finance News – Page 218
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Property ‘gurus’ warn against optimism over recovery
The housing industry can expect three more tough years, despite whisperings of green shoots, industry experts claim
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Appointment boosts Gleeson
Shares in MJ Gleeson went up 10% on Monday after the firm announced the appointment of Jolyon Harrison as managing director of its regeneration and homes business
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Amec agrees to pay £5m over ‘irregular’ fees on Korea bridge
Amec has agreed to pay a £5m penalty after receiving $9m in “irregular payments” on a project in South Korea
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Persimmon: we’ll only seek shareholder cash for takeover
Chief executive says his will be only big housebuilder not to make a rights issue – unless it buys a rival
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Citywatch: Fighting Talk
Clive Sayer, the boss of QS Baqus, was in a punchy mood after announcing the company’s broadly sound first full-year results on Tuesday
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NewsAlumasc reports further declines in commercial work
Materials supplier gives an update on the state of the market
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NewsConstruction brings biggest boost to UK economy
Pressure mounts for more government construction spending as report shows it brings greatest rise in GDP
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NewsNG Bailey chief executive steps down
Chris Newton becomes acting CEO as Mark Andrews leaves after five years at firm
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NewsMears says demand 'never been stronger'
Trading update for social housing repairs firm shows order book worth £1.7bn
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NewsBarratt warns postal strike could hamper share take-up
Statement to Stock Market urges investors to use alternative couriers to ensure acceptance forms for rights issue are received before the deadline
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NewsAmec pays £5m after Serious Fraud Office investigation
Failure to keep accurate records forces engineering consultant to stump up £4.9m plus costs
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NewsBalfour Beatty sells 97% of rights issue shares
Contractors says remaining shares will be acquired by underwriters if buyers are not found at issue price
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NewsInterserve boss says worst of Middle East ‘behind us’
Construction services firm says payment times are falling as a string of major projects get into gear
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Mid-sized contractors feel the heat as profit and turnover fall
Evidence of the pain felt by mid-sized contractors was apparent this week as three firms posted falls in turnover and profit
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Citywatch: With bells on
“Poor old Heywood Williams,” was the verdict of many in the City after the building products supplier was forced into a pre-pack administration sale on Tuesday after a restructuring deal was scuppered by its largest shareholder Paul Bell
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Merger market twitches – but remains in coma
The corporate financiers, bankers and lawyers who put together merger and acquisition deals have had plenty of time to ponder their next move after returning from their summer holidays
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NewsTelford Homes: mortgage market remains sluggish
Housebuilder's trading statement shows it beat down debt despite tight mortgage finance
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NewsFSA to tighten rules on mortgage lending
City watchdog clamps down on self-certified mortgages to foster age of 'responsible lending'
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NewsLow & Bonar expects better second half results
Materials group says cost-cutting has improved performance although still behind last year's figures