Finance News – Page 238
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NewsProfit up 39% at social housing group Connaught
Social housing group Connaught boosted pre-tax profit by 39% from £9.7m to £13.5m in the year ended 28 February 2009
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NewsBudget fails to lift gloom over growth of national debt
Industry welcomes measures to soften impact of downturn but fears dramatic cuts in the futureBy the Building newsdesk
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NewsCarillion boss bags £608,000 bonus
John McDonough takes home total of £1.42m, dwarfing the £1m earned by Balfour chief Ian Tyler
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NewsWolseley shareholders buy 98% of £1bn rights issue
Building materials group will use cash to reduce net debt of £2.5bn
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NewsFreddie Mac finance chief found dead
Suicide the apparent cause of death as US lending giant remains under investigation for accounting methods
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NewsPersimmon sales volumes exceed expectations
But pricing and margins remain under pressure at housebuilder
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NewsBudget 2009: the industry responds
Industry figures offer their responses to Alistair Darling's budget
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NewsBudget 2009: Chancellor pledges £500m to restart frozen projects
But economy will contract by 3.5% and public borrowing will reach £175bn in 2009
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NewsTreasury review reveals scope for £11bn property savings
Procurement and management efficiency are targeted as areas for savings over 10-year period
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NewsBanks stump up for £5bn M25 widening
Scheme's preferred bidder successfully secures entire funding without recourse to PFI rescue fund
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NewsDubai developers to get second $10bn bail out this year
Government says the first $10m is already feeding through to contractors
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NewsPublic borrowing hits post-war record high
Chancellor will have to issue £200bn of government bonds this year to cover debt
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NewsTaylor Wimpey begins rights issue talks
Housebuilder takes informal soundings from investors about the possibility of raising £350m
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NewsDarling set to give housing industry £1bn boost
Tomorrow's Budget is predicted to include a package of measures to boost housebuilding
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NewsMetal prices level off
Data shows that drop slowed in the first quarter of 2009 although steel continues to plummet
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NewsTelford Homes warns of writedowns despite £57m grant
Housebuilder says HCA grants have shored up its position but falling property values will still mean writedowns
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NewsBudget set to slash £15bn from public spending
But Darling also expected to announce £500m package to boost green housing and energy initiatives
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NewsTolent’s profit slumps 80%
Developer was hit by property writedowns and loss on a Sheffield residential scheme
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NewsStyles & Wood enters crunch talks with investors
Cheshire fit-out firm woos turnaround specialists as it races to bolster balance sheet