Finance News – Page 225
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NewsBarratt weighs up £500m rights issue
Move would help cut £1.3bn debt-pile and provide funds to buy land
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NewsAnger over 'crisis' in Scottish construction industry
Scottish Labour leader calls for action over £2bn fall in public investment since SNP came to power
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NewsHouse prices fall 2.2% in August
Figures from Rightmove show sellers cutting asking prices even further this month in attempt to speed up sales
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NewsVinci buys bulk of Haymills
French company is purchased contractor’s East Anglian contracting business and property solutions division
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Haymills subbies fear losses despite rescue
Subcontractors working for £180m-turnover contractor Haymills this week vented growing concern they might be left out of pocket despite its last-minute rescue by Vinci
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NewsTender enquiries inch upwards
More construction firms reported a rise in tender enquiries in June than reported a drop, the first time this has occurred in a year and a half, according to figures from market analyst Experian
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NewsMorgan Sindall boss warns that clients are shunning SMEs
John Morgan, executive chairman of Morgan Sindall, has said clients are giving more work to large contractors amid fears over the financial health of small and medium-sized firms
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Interserve profit up 19%
Support services and building group Interserve has posted a 4% rise in turnover from £913.6m to £951.2m for the six months to 30 June 2009
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Apollo turnover rises 22%
Social housing contractor Apollo has posted a 22% rise in turnover for the year to 31 March 2009 from £214.5m to £261.6m
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Panceltica liquidated
The trading arm of Qatar-based structural steel contractor Panceltica has formally gone into liquidation
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NewsUS work helps drive 14% profit rise at Balfour Beatty
Strengthening US business drives up group's building sector operating profit by 39% for the half-year but rail profit down
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NewsLocal councils have lost nearly £2.7bn in crash
Survey by Local Government Association reveals low interest rates on cash deposits have hit council income hard
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NewsVinci poised to buy Haymills
Deal to save £181m-turnover contractor is expected to be sealed tomorrow
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NewsMiddle East growth helps drive Interserve profit up 18%
Rise in UK public sector work also lies behind strong first-half results for maintenance and building group
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NewsFirst-half profit falls 28% at Morgan Sindall
But contractor says it remains confident of meeting expectations for the year
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NewsVinci to bid for Haymills
Four offers for £181m-turnover contractor due to be made by end of the day
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NewsThink tank proposes scrapping council tax
Left-wing body Compass' report suggests stabilising house prices by taxing land value
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WYG postpones financing deal and shakes up board
Engineering consultant White Young Green has announced a shake-up of its board and bought more time to agree a refinancing deal
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NewsBouygues prepares to swoop for struggling Haymills
French construction giant in talks to agree final terms for £181m-turnover contractor