Finance News – Page 236
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NewsPayment delays drive up debt at Interserve
Maintenance specialist hit by 'lengthening payment cycles' in the Middle East but turnover and profit still on track
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NewsRedrow dusts off housing sites as market revives
Work to restart on selected sites in response to stabilisation of UK housing sales
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NewsContractor to billionaires says super-rich have slashed spending
Turnover rose 24% last year but Holloway White Allom warns luxury market will be flat in 2009 before picking up in early 2010
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NewsGalliford Try reports steady progress
Contractor says full-year results should be in line with expectations
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NewsTravis Perkins plans £300m rights issue to cut debt
Debt at building supply firm hits £984.6m as revenue falls 14%, with further market deterioration forecast
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NewsCentrica buys 20% of UK nuclear operator
Power firm seals deal with EDF to pay £2.3bn to acquire stake in British Energy
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NewsGalliford Try buys failed firm's housing assets
Contractor pays £7m for five housebuilding sites belonging to Wright Group, which recently went into administration
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NewsDubai’s biggest contractor owed £500m
80% of money owed to Arabtec is from government-linked entities
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NewsT Clarke makes 'positive' start to 2009
Electrical contractor says construction activity could start on commercial projects by mid 2010
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NewsTaylor Wimpey confirms £511m rights issue
Rights issue follows the successful renegotiation of housebuilder's lending facilities last month
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NewsLow bids sank Styles & Wood’s equity sale plan
Fit-out contractor opted for debt-for-equity swap and financial transfusion after calling off sale talks
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NewsFrustration mounts over Scottish replacement for PFI
Procurement method’s credibility is hit by funding problems on £300m Aberdeen bypass scheme
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NewsVerry boss mounted eleventh-hour rescue bid
Craig Jones, the chief executive of Verry Construction, mounted a last-minute bid to rescue the failed contractor
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NewsCitywatch: A whimper not a bang
Last Thursday morning, the final piece of the Taylor Wimpey refinancing jigsaw fell quietly into place
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NewsRok trading in line with forecasts
Maintenance specialist on course to meet full-year expectations
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NewsRecession could be worst since 1930s
New forecasts suggest 4.3% contraction in GDP this year before recovery starts in 2010
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NewsConstruction faces worst year on record
Report predicts recovery will not start until 2012 and warns of further job losses
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News
Rivals circle failed consultant CNP
£14.5m-turnover building consultant seeks suitors to pay off parent LandAmerica's creditors
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NewsLandSecs boss: 'no market recovery until 2013'
Chief executive Francis Salway warns industry colleagues of a long wait ahead
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NewsWolseley disposes of US division through JV
Move to shunt US arm Stock Building Supply into new JV with Gores will cost UK firm £175m