Finance News – Page 228
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NewsSkanska reveals £14.6m profit
Swedish firm back in black, after previous loss of £41.5m and departure of chief executive David Fison
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NewsMortgages up 15% in June
Rise means mortgage lending is 47% higher than last year during depths of credit crunch
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NewsBSS confident despite 6% slip in revenue
Plumbing supplies distributor predicts it will outperform the market and be cash positive in coming year
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NewsPart-built Foster hotel on Strand goes into receivership
PricewaterhouseCoopers appointed receiver on controversial £25m, 11-storey development in central London
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NewsAukett issues profit warning and may cut jobs
Share price plummets 44% as architect admits stalled Moscow job will lead to shortfall in revenue
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NewsRevenue down 30% at Speedy Hire
But plant hire firm reports stabilisation in recent weeks and new Middle East supply deal with Carillion JV
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NewsUK arm of Kohn Pedersen Fox set to go solo
Architect behind Heron Tower plans share-swap buyout to gain independence from US parent, say reports
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NewsStyles & Wood names new finance director
Philip Lanigan joins from Ashtead to replace Graham Clark, who retires from the retail fit-out firm
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NewsAmec to acquire Australian firm GRD for £52m
Engineering-based firm focused on mineral projects in Australia, Africa and South America will boost consultant's global strength
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NewsT Clarke issues profit warning as UK chief steps down
M&E contractor tells City it is unlikely to meet market expectations and plans sale or closure of two regional arms
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NewsClampdown threatens 13% hike in labour costs
Government determined to force through plan to put all construction workers on PAYE system
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NewsDavis Langdon turnover up 6% as it eyes public Gulf jobs
Consultant prepares for Tory spending cuts with Middle East public work push as revenue hits £208m
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NewsVerry contracts will provide 25% of McLaren turnover
The acquisition of two Verry Construction contracts will add £40m to McLaren Construction’s top line next year
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Currie & Brown buys surveyor
Currie & Brown has bought Jersey-based building surveyor Hill Associates for an undisclosed sum
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Redrow and Barratt hopeful
Redrow and Barratt both pointed to signs of stabilisation in the housing market at trading updates last week
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Kier profit on track at £51m
Kier has said its full-year results for the year to 30 June 2009 will meet market expectations, thanks to contract wins in education and health
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NewsCity watch: Ghost train
This week Jarvis wrote another episode of what one observer called “the longest-running soap opera in construction history”.Richard Entwistle, chief executive of the rail specialist, announced he would step down in September and the firm dropped £6.3m into the red after being hit by redundancy costs associated with losing 450 ...
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NewsHousebuilder Abbey nets €54m loss
Dividend to be scrapped after preliminary results show Anglo-Irish firm plunging into the red
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NewsBuilders in distress double in a year
But latest quarterly data shows fewer construction firms in financial crisis over the past three months
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NewsConnaught makes £13.3m bid to boost environmental services
Services provider also reports two other planned acquisitions and predicts 'strong' second-half performance in social housing