Finance News – Page 237
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NewsWSP trading in line with expectations
But consultant warns of coming impact from market uncertainties in UK and Dubai
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NewsLeadbitter may seek management buyout from Heijmans
Bosses of Oxford-based contractor could retake control of the business after Dutch parent signals UK pull-out
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NewsCyril Sweett confident of survival after cuts
Consultant says it is 'well positioned' to survive downturn after redundancies and slashing salaries saves it £11m
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NewsStyles & Wood refinances to clear £17m debt
Refinancing gives RBS a 20% stake in the fit-out specialist, which made a pre-tax loss of £900,000 in 2008
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Balfour Beatty seals £170m Fife hospital deal
The PPP healthcare project will deliver a new wing to Victoria Hospital in Kirkcaldy
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NewsKier, ISG and Rok vie to snap up William Verry contracts
Banks poised to call in administrators as rival contractors manoeuvre to take over stalled jobs
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NewsPanceltica faces takeover after Qatar housing debacle
Steel contractor may be taken over by developer and sole client after making £40m loss last year
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NewsMcCarthy & Stone boss predicts sale or flotation
The chief executive of retirement housebuilder McCarthy & Stone, has said the company will be floated or bought by private equity in the next few years
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Citywatch: Because you’re worth it
Now the December year-end contractors have revealed what their bosses took home last year, we can take a snapshot of who earned what in 2008 and how good they were for their money
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Number of firms in ‘critical financial distress’ leaps by 126%
The number of construction companies in critical financial distress increased 126% over the past year, according to corporate recovery specialist Begbies Traynor
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Aukett issues profit warning
Architect Aukett Fitzroy Robinson has issued a profit warning after being hit by retrospective fee cuts in the Middle East
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Persimmon remains cautious despite positive start to year
Persimmon has said house prices and profit margins remain under pressure despite a promising start to 2009
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NewsRefinancing boosts Taylor Wimpey shares 9%
Report of £1.84bn loss for 2008 fails to dampen optimistic mood at housebuilder
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NewsGrafton Group turnover falls 32%
Materials supplier reports £420m fall in quarterly revenue amid fallling housebuilding and repair activity
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NewsKier and ISG weigh up bids for Verry
Half a dozen companies understood to be considering making an offer for £100m-turnover firm
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NewsNine construction firms going bust every day
Insolvencies expected to rise as data reveals number firms going under is 15% up from last year
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NewsBuilding firms in financial trouble up 126%
Corporate stress monitor shows North East hit hardest, with 149% annual rise in critical financial problems
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NewsCandy Brothers shoot up the Rich List
Developers leap 500 places after nearly tripling their fortune, while steel magnate Mittal retains top spot despite losing billions
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NewsMcCarthy & Stone completes refinancing
Retirement home builder on firmer footing after High Court approves debt-for-equity swap