Finance News – Page 222
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NewsEC Harris posts healthy profit
Consultant EC Harris has unveiled a full-year pre-tax profit of £41.1m, down slightly on the previous year’s £41.4m
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NewsBalfour Beatty buys Parsons Brinckerhoff for £380m
Contractor announces £353m rights issue to fund acquisition of US engineer in bid to boost infrastructure business
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NewsKier pre-tax profit down 61% but construction orders up
Contractor also reports 9% fall in overall revenues for full year to 30 June
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NewsBalfour Beatty reveals plans for 'significant' acquisition
Contractor says any successful deal would be funded by a rights issue
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NewsConstruction employment levels fall again
Office of National Statistics shows 2.7% drop in employment levels over the third quarter
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NewsLDA accountant for £1.1bn Olympic budget was unqualified
Investigation into £160m overspend forces LDA chief executive to admit employee lacked formal qualification
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NewsShepherd signs £90m refinancing deal with HSBC
Builder says support from bank, along with restructuring, will help it pursue plans for growth
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NewsBillington posts 9% rise in first-half profit
Steel and engineering specialist also achieved 5% rise in revenue in past six months
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News'False dawn' for UK house prices
Ernst & Young predict values will not reach 2007 peak for five more years
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NewsMandelson pledges to maintain public spending
Business secretary to speak on Labour plan to reduce debt without slashing core services
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NewsMiller optimistic despite losing £34m in six months
Scottish housebuilder also reported 9% fall in turnover, but chief executive says worst of crisis is over
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NewsFinal salary schemes face early retirement
As construction firms’ liabilities rise by £4bn, others may follow Costain in stopping all new benefits
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ISG profit falls 7% but retail turnover increases by half
David Lawther, chief executive of Interior Services Group, gave an upbeat assessment of industry prospects as his company posted a 7% fall in full-year pre-tax profit to £11.7m
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Citywatch: Still summer in the city
Construction firms have had a good summer in the City, if not in the real economy
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Commercial activity rises for first time in two years
Commercial development activity has risen for the first time in nearly two years according to research from estate agent Savills
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NewsInterest rates stick at 0.5%
Signs of recovery are visible, but Bank of England warns that it will be slow
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NewsRedrow to refocus on family homes after £141m loss
Housebuilder to abandon flats for fewer, larger house types in bid to return to profit
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NewsGalliford Try plans £119m rights issue to boost housebuilding
Group plans housebuilding expansion to exploit recovering market after posting £27m full-year loss
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NewsUK job market shows 'signs of recovery'
Report shows marginal increase in appointments although construction lags behind other sectors
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NewsBerkeley on target to hit profit forecasts
Group says £300m net cash could be used to make more site acquisitions as market stabilises