Finance News – Page 233
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News
GB Building director quits to join risk consultancy
Jason Farnell has left his job as commercial director of GB Building Solutions to become a partner in risk management consultancy CR Management
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News
Industry 'out of intensive care unit' as rate of decline slows
The recession in the construction industry eased in May, according to data from the Chartered Institute of Purchasing & Supply
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NewsTake talk of green shoots with a pinch of weedkiller
The latest data from purchasing managers confirms that construction has been one of the worst affected economy areas
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NewsInterest rate remains at 0.5%
Bank of England continues with quantitative easing as lowest-ever rate is unchanged
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NewsMaterials firm reports improvement
Trading conditions up and greater stability in sales during latest quarter for Low & Bonar
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NewsAmec buys 11th environmental consultant
Canadian firm Journeax Bédard & Associates bought for £2m as Amec continues expansion of its environmental division
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NewsSeverfield-Rowen steels itself for cost reductions
Steel firm forecasts profit ahead of expectations for this year but warns of declining demand
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NewsHomebuyer lending increases
Number of loans also rises as £5bn lending in April soars 56% from November low
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NewsConstruction recession eased in May
Figures show activity continues to decline but rate is weakest for over a year
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NewsPierse Contracting goes into liquidation
Decision to liquidate £28m-turnover subsidiary of developer Pierse Group follows creditors' meeting yesterday
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NewsKeltbray cuts pay and staff in bid to ‘remain competitive’
Demolition contractor follows 90 redundancies with a 10% pay cut after a drop in new work
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NewsMergers and acquisitions fall 96% on 2007
The mergers and acquisitions market ground to a virtual halt in the first quarter of 2009, according to data from researcher Corpfin
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NewsTelford looks on the bright side
Telford Homes has posted a 35% fall in pre-tax profit and scrapped its dividend but has given a bullish assessment of future prospects
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NewsJohn Doyle turnover up 43%
John Doyle Construction, the Doyle Group’s concrete contractor, has posted a £1.7m profit from a turnover of £64.5m for 2008
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NewsEmpty shelves
Greg Fitzgerald explains why the chances to buy other firms are few and far between
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NewsCitywatch: All fall down
April may have been a kind month for housebuilders and their withered share prices, but they do not seem to have bloomed in May
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NewsMcLaren pays up to £810,000 for Verry assets
Letter from administrator BDO Stoy Hayward to creditors reveals price paid by McLaren and justifies pre-pack administration option
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NewsWolseley reports continuing fall in markets
Materials firm says Nordic region, UK and Ireland showed particularly great levels of decline
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NewsBloor to avoid apartment building after £52m loss
Steering clear of this sector is one of a number of measures designed to put housebuilder on firmer footing
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NewsProfit up 4% at plumbing group BSS
Preliminary results also show 4% rise in turnover at plumbing and mechanical ventilation firm