Finance News – Page 245
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News
Manchester contractor Ocon seeks shelter in student flats
Ocon, the Manchester residential contractor, has reinvented itself as a student accommodation specialist in response to the recession
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NewsBanks expect Taylor Wimpey deal in 'late March'
Sources close to the debt talks dismiss speculation deal is due by 10 March
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NewsLand Secs announces rights issue to raise £755m
Developer seeks to strengthen balance sheet after revaluations slash 20% off portfolio's worth
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NewsHousing slump drives Galliford Try £37.5m into the red
Writedowns of £48m on housebuilding side wipe out firm's record profit in non-housing construction
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NewsTravis Perkins reports 23% fall in profit
Builder's merchant cites downturn-related costs of restructuring, lease provisions and asset write-offs and says it is set to weather the storm
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NewsNo debt deal this month for Taylor Wimpey
Sources close to the talks between the housebuilder and its lenders say accounting hold-ups are behind latest delay
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NewsDepa halves profit forecast but revenue stays strong
Dubai fit-out firm working on Burj Dubai ups contingencies in response to market downturn
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NewsMcCarthy & Stone closes in on rescue deal
Retirement housebuilder is set to get backing of its lenders for debt-for-equity swap
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NewsJarvis to cut costs as rail hits buffers
Company will reduce operating cost in response to decline in work from Network Rail
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NewsLoan guarantee scheme fails small firms
Businesses face collapse as banks fail to lend despite £1bn government loan finance guarantee
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NewsCarillion seals the deal on £300m Tameside BSF
JV with local education partnership to build more than 12 schools reaches financial close
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NewsLand Securities confirms rights issue plan
Land Securities announces that it is in discussions with investors following press speculation that up to £750m could be raised
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NewsEmaar posts Q4 loss of £330m
Developer of Burj Dubai blames US recession for 10% slip in 2008 revenue
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NewsAnalysts predict Persimmon rights issue
Such a move wouild follow rights issue announcements at property groups Hammerson and British Land
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NewsAukett Fitzroy Robinson: market has got worse since January
Architect claims overseas work will bolster balance sheet and keep 2009 results on track
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News
Laing O'Rourke gets top marks with £200m London BSF deal
Business barometer But January’s haul of £1.46bn of contracts is 39% down on last year
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NewsStyles & Wood diversifies as retail fit-out market dries up
The chief executive of fit-out group Styles & Wood has said the group will expand into new sectors to combat the retail downturn
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News'Crunch month' of June could spell end of partnering
Clients warn summer will be toughest period and study says tender prices will fall 10% in 2009
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News
Verry boss attacks 'aggressive' bids for public sector jobs
Craig Jones, chief executive of Verry Construction, has accused firms of buying public sector work to combat the recession