Finance News – Page 224
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NewsHenry Boot heads into the red
First-half results show £20m loss driven by property devalution, but construction revenue holds up
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NewsConstruction profit and cash flow fall further
Price discounting and payment delays blamed for financial squeeze on the industry
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NewsCostain profit falls one-third but orders leap 25%
Contracting group reports record order book of £2.5bn and net cash of £100m
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NewsSeverfield-Rowen to cut costs as orders fall
Steel contractor announces 'major' review of costs and capacity as despite 15% rise in first-half revenue
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NewsProfit falls 74% at Persimmon
Housebuilder points to signs of stabilisation as it writes back £27.9m on the value of its landbank
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NewsCRH posts 82% fall in pre-tax profit
Irish building materials firm's interim results show plunging profit on back of 15% fall in turnover
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NewsWhite Young Green moots share issue
Consultant engineer reveals that deal to refinance £91m debt pile could lead to share dilution and exit from main stock market
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NewsLaing O'Rourke turnover hits £4bn
Profit also up at private contractor despite £17.1m writedown on residential and mixed-use developments
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NewsProfit down by two-thirds at Kingspan
Irish construction products group posts 66% fall in half-year operating profit
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NewsBovis Homes posts loss but reservations leap
First-half results show £8.6m loss for housebuilder but private reservations rise 92%
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NewsLend Lease posts £329m loss after writedowns
Australian group is hit by £419m of writedowns while net operating profit falls 29% to £155m
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NewsT Clarke profits plunge 44%
Half year revenue falls 12% in 'tough' six months for electrical contractor
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NewsCarillion JV set to win £1bn BT contract
Carillion-Telent deal with BT Openreach is set to be signed in the next two months
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NewsFoster + Partners £16m in the red
Pre-tax losses at Lord Foster’s firm almost double after ‘one of the most challenging years since practice’s inception’
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News
SIAS Building Services goes into administration
Keighly-based firm brings in administrators after being hit by 'contract problems'
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NewsHousing starts in US take surprise dip
Number of homes built drops 1% in July, undermining hopes of a housing recovery
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NewsHalcrow to cut up to 269 jobs
Engineering firm consults staff over redundancies across in UK and Ireland after fall in workload
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NewsMears turnover rises 14% in first half of 2009
Social housing and maintenance contractor also announces new contract at 2012 Olympics Athletes Village
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NewsCarillion agrees funding for £500m Durham BSF deal
Financial close reached on contract that will see 40 new schools built in ten years
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NewsRok sees turnover fall 33% in 2009
We were not prepared for severity of recession, says chief executive Garvis Snook