Finance News – Page 223
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NewsBuilding and property insolvencies double
Twice as many industry firms are going bust each day than before the credit crunch hit in late 2007
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NewsBarratt Developments to issue £500m of new shares
Housebuilder plans cash call when full-year results are announced to reduce debt pile and fund land purchase
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NewsMace's QS division enjoys Sense of progress
SME profile Five years after quitting G&T, Chris Goldthorpe can reflect on a gamble well taken
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NewsVaughan Burnand to launch own construction business
Former Shepherd boss in talks with partners and investors over founding private sector venture
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NewsAlarm raised over 'excessive' management pay at Berkeley
Investment advisers urge shareholders to vote against pay deal at group's AGM and oppose election of Tony Pidgeley as chairman
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NewsBovis Homes raises £60m cash for land with share issue
Housebuilder's share placement opening today provided funds to buy development land
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NewsHouse prices rise for first time in two years, says Hometrack
Survey reveals 0.1% increase in August despite 6.7% year-on-year fall
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NewsWYG buys itself time for rescue deal
Consultant engineer puts test off till September as talks with lenders over estimated £90m debt continue
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NewsInterserve posts 19% rise in first-half profit
Revenue at building services group up by 4% for period, with future workload also increasing
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NewsLand writedowns push McInerney £150m into the red
Irish/UK housing developer triples pre-tax loss in first half of 2009
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NewsIndustry wary of M&A deals
There were only 15 mergers and aquisitions in the last quarter despite a 38% increase in deal value
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NewsNG Bailey boss looks beyond the bottom line
Mark Andrews has £76m in the bank, but warns that industry faces a rough ride from government
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NewsGleeds drafted in to check Olympic fees paid to CLM
ODA brings in consultant to review delivery partner’s pay, after it earns £151m in year to March
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O’Rourke: Government must resist ‘lowest bid mentality’
Laing O’Rourke boss expresses fears for public procurement as firm announces 13% rise in turnover
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White Young Green plots £40m share issue
Consulting engineer White Young Green is preparing a share issue of about £40m to cut its £90m debt pile, according to sources close to the situation
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NewsOne in five architecture firms making a loss, says report
Over 280 companies in the UK architecture industry have sunk into the red
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NewsNakheel sells stake in Australian developer
Dubai developer makes loss on sale of shares in Mirvac undertaken to help repay debt
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NewsAmec confident despite 4% slide in profit
Energy services-focused engineer predicts stronger performance for next half-year as revenue stays steady at £1.26bn
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NewsCarillion boosts turnover 13% to £2.7bn
Chief executive singles out support services and Middle East as star performers
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NewsStyles & Wood posts 39% fall in first-half turnover
But retail fit-out specialist is confident of its 'sound financial footing' to face the recession