Finance News – Page 239
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NewsCommercial drought forces Keltbray to plan redundancies
Groundwork and demolition specialist Keltbray has said it will be forced to lay off staff as medium-sized commercial jobs dry up
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NewsIndustry holds its breath on Budget VAT cut
A cut in the rate of VAT levied on refurbishment is at the top of the construction industry’s wishlist for next week’s Budget
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News
A hat-trick of hospital wins takes BAM to the top in March
Business barometer: Dutch firm beats Vinci to first place as total volume of work falls 23% on 2008
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NewsWhite Young Green forced to deny takeover
Share price rockets 155% as engineer publicly confirms no offers have been made
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NewsNetwork Rail defends bonus scheme in leaked memo
Remuneration committee chair rejects comparisons with controversial bank bonuses, in letter seen by Times
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NewsBuilding societies hit by credit rating downgrade
Ratings on some mutuals crash down three notches following concern over house prices
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NewsPochin appoints John Moss as chief executive
Moss spent 12 years at Amec and will replace David Shaw who retires in May
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NewsPersimmon slashes boardroom pay by half
Housebuilder cuts pay to top directors as revised bonus targets are missed in 2008
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NewsFifteen firms under threat as Wolseley pursues debt
The materials giant will petition to have 15 small businesses wound up in bid to recover debt, according to reports
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NewsMortgage approvals up 4%
Forecasts remain unchanged as February figures show no increase in total loan value despite increase in approvals
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NewsInterest rates held at 0.5%
Commentators believe banks are unlikely to pass on benefits to borrowers
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NewsBalfour boss breaks through £1m pay barrier
Ian Tyler took home £1.04m in 2008 as boardroom pay rose 24% to £3.4m
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NewsG20 deal will do nothing for British construction
Latest forecasts predict longer, deeper recession as trillion-dollar stimulus bypasses UK firms
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NewsArup hits £800m turnover, but cuts still loom
Arup has boosted turnover by 10% in the past 12 months and expects to hit its full-year profit targets despite planned job cuts, its new chairman claims
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News2008 housing losses cancel out boom gains
Losses racked up by housebuilders last year will wipe out profits made at the height of the boom in 2006
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NewsPidgley: land market won't bottom out this year
Berkeley boss disagrees with Knight Frank prediction that values will stabilise in the summer
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NewsTaylor Wimpey on verge of finishing refinance marathon
Housebuilder poised to complete £1.6bn deal as banks urge it to raise £350m to ease interest terms
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NewsCostain boss got £343,125 bonus in 2008
Andrew Wyllie sees his take-home pay rise 9% to £723,634 as overall board pay rises
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NewsTaylor Wimpey refinancing virtually a done deal
The £1.57bn refinancing agreement just requires formal approval by bondholders
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NewsBanks to sign off Taylor Wimpey debt deal today
Signed agreement on £1.55bn debt pile will be put to bondholders on Wednesday for 21-day approval process