Finance News – Page 235
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NewsIs everyone being too positive?
After months of contraction, people are getting excited about slowing negative. But where's the evidence?
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NewsMitie profit up 11% as outsourcing booms
Client trend towards cutting costs through outsourcing benefits maintenance specialist
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NewsWaterman warns of potential £4m bad debt
Payment issues highlighted as engineering group reports trading at 'lower end' of expectations
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NewsWYG forecasts £12m profit after job cuts
Consultant announces five further probable office closures after 324 jobs cuts already this year
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NewsMJ Gleeson warns of further writedowns in 2009
Housebuilders says there is no sign of improvement in the market and does not expect revenue of second half of year to exceed first half
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NewsHill plans to buy big-name QS
US consultant to buy a top 20 British QS firm as part of its European expansion plan
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NewsRevealed: behind the scenes of the Taylor Wimpey debt deal
The housebuilder concluded its marathon refinancing deal at the end of last month. Here, a senior banker tells Tom Bill the inside story of nearly a year of late-night meetings, increasingly fraying nerves and, finally, an agreement
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NewsBalfour ends April fighting fit after £170m Fife hospital deal
Business barometer Contractor tops monthly table, but overall work is 24% down on last year
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NewsBanks lean on Barratt to raise £300m-plus from rights issue
Barratt has come under increased pressure from its lenders to raise cash through a rights issue in the wake of Taylor Wimpey’s success in raising £510m last week
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Redrow goes back to work
Housebuilder Redrow has said it will resume work on selected sites as the steady start to 2009 continues
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Billionaires economise
Luxury contractor Holloway White Allom has said its wealthy clients have slowed spending on large refurbishment projects
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Galliford Try holds steady
Galliford Try has said results in the year to 30 June 2009 will be in line with expectations despite describing the construction market as “more challenging”
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NewsRecord business debt sees legal action soar
Debt recovery firm report court action to recover money owed 97% higher than this time last year
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NewsNetwork Rail boss waives bonus
But other directors fail to follow suit as rail body misses efficiency targets on track renewal
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NewsKier hopeful of housing upturn next year
Contractor notes easing in market conditions despite continuing downward price pressure
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NewsBalfour Beatty trading in line with forecasts
Trading update shows contractor has £200m cash and an order book of £12.8bn
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NewsMarshalls revenue down as factories close
Capacity cut by 20% and managed installations division closes as downturn hits manufacturing and landscaping firm
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NewsBarratt rules out imminent rights issue
Housebuilder quashes speculation about plans to ask investors for cash in the immediate future
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NewsSIG blames cold snap for fall in sales
Construction products firm reports 7% fall in sales in 2009 as bad weather inhibits building site activity