Finance News – Page 234
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NewsProperty experts reject housing optimism
Jones Lang LaSalle says house prices could plunge 14% this year and continue to fall in 2010
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NewsHeidelberg puts £1bn price tag on Hanson UK
German parent is said to be actively seeking bidders for UK materials firm
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NewsInterserve seals £270m Enniskillen hospital PFI
A constortium headed by Interserve will build the acute hospital and provide facilities management for 30 years
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NewsCrest turnover to fall by one-third in 2009
Stephen Stone, chief executive of Crest Nicholson, has said the recession will slash turnover by a third in 2009
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Renew relies on specialist engineering to weather downturn
Brian May, the chief executive of Renew Holdings, has said the company will increase its reliance on the specialist engineering division as a result of the recession
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NewsCitywatch: It's a waiting game at Barratt
When Taylor Wimpey announced a £510m rights issue on 8 May, one City watcher said Barratt had about two weeks to follow suit. “If it leaves it much longer”, he reasoned, “it could well miss the boat.”
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News'Massively overstretched' banks stall WYG rescue bid
Consulting engineer forced to wait to cut rescue deal with three lenders, as it slashes 300 more jobs
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Waterman faces £4m bad debt hit – mostly from the UAE
Engineering group Waterman is trading at “the lower end” of expectations and may have to write off up to £4m of bad debts, it said in a trading update on Monday.
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Balfour trading well
Balfour Beatty has said that trading has been in line with expectations in 2009.
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Gleeson's gloom
In a trading update, housebuilder and regeneration specialist MJ Gleeson has warned of further land writedowns in 2009 and said there was no sign of an improvement in the market.
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Mitie profit up 11%
Maintenance specialist Mitie has posted an 11% rise in full-year pre-tax profit to £78.4m
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NewsCash flow reduced by record 7.5%
Construction firms hard hit by rapidly rising payment delays, but falls in profitability slowing
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NewsBritish Land posts record loss of almost £4bn
Fall in property values blamed for unexpectedly large loss
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NewsTender prices continue freefall
SMEs worst hit as survey reveals 60% of firms report lower prices for new work than a year ago
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NewsDevelopers cough up only 20% of Crossrail levy
Mayor plans to boost payment of development charge to 30% as consultation launched
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NewsStyles & Wood warns of 40% fall in turnover
Spending cutbacks among fit-out contractor's retail clients likely to hit first-half sales
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NewsDeflation hits 60-year record level
Falling house prices partly blamed for unprecedented 1.2% fall in RPI during April
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NewsKeller chairman steps down
Dr Michael West will retire in July after 45 years with the groundworks firm