Finance News – Page 242
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Russian developer of Foster scheme seeks government bail out
Yelena Baturina, Russia's richest woman and the developer behind Project Orange, applies for government-backed loans
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Protest over job losses at collapsed Wrekin
Former workers at failed builder protest as questions grow over giant ruby's role on balance sheet
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Persimmon seals refinancing deal
Housebuilder sets up fresh banking covenants and new £322m facility
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SIG considers £300m rights issue
Roofing and insulation contactor weighs options to address plummeting share price
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Over 10,000 construction and property firms to fail in 2009
Sector will be the worst hit as economy continues to deteriorate, predicts new report
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Miller Group plunges £170m into red
Write-downs lead to large loss for housebuilder, but construction division stays healthy
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Morgan has no plans to purge Redrow’s board
Founder plans to keep all but one of housebuilder’s directors in place if he seizes power
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Bovis Homes to re-enter the land market this year
The chief executive of Bovis Homes said the housebuilder planned to re-enter the land market before the end of the year
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Wrekin had credit insurance pulled before it collapsed
Sources say a lack of cover helped push the Shropshire contractor under
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Rok profit plunges 76%
Profit at contractor falls by three-quarters after turbulent second half of 2008
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Free funeral offered as contract payment
US funeral director invites bids for patio job in barter deal
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EU approves 5% VAT on home improvements
Lifeline for builders as UK given option to reduce VAT on maintenance and repairs
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Middle East helps drive Interserve profit up 15%
Maintenance and building group also announces £200m of new contract wins in UK and Dubai
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MP blames bank as builder goes bust
Bank's 'inflexibility' slated as cash flow problems push Wrekin Construction into administration despite strong order book
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Costain profit up 17% but building division £5m in the red
Board recommends dividend increase as group revenue rises 12% and order book up 25%
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ISG’s profit rises 9%
Construction mangagement firm relies on regional work to raise turnover by 11% despite drop in London offices work
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Ennstone sells UK and Polish arms as administrators take over
Attempt to achieve solvent restructuring abandoned but deal to sell subsidiaries will save 1,000 jobs
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Sidell Gibson acquires Birmingham architect
Large commercial practice buys long-standing Edgbaston firm Crouch Butler Savage
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Scott Wilson slashes worldwide workforce by 10%
Design firm predicts profits will be broadly in line with expectations as it reveals staff cuts to save £20m
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Revenue soars 38% at Mears as repairs hold strong
Profits also up as maintenance firm benefits from resilience of 'non-discretionary' repairs sector