Finance News – Page 247
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NewsRenew Holdings plans engineering acquisitions
Company has £25m in cash to spend on 'earnings-enhancing acquisitions' this year
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NewsG&H Group blames job cuts on firms buying work
Loss-making bids by rivals blamed for 19 planned redundancies at building services and construction group
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NewsEnnstone pulls shares amid cash crisis
Materials firm withdraws from stock market pending outcome of urgent debt talks at all three divisions
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NewsSaracens rugby club owner resigns from Oakdene board
Nigel Wray, who also part-owns Domino’s Pizza, resigns as director of failed housebuilder
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NewsSpeymill suspends AIM shares after 'significant loss'
Worsening economic environment leads to property and contracting group pulling its shares
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NewsErick van Egeraat goes into receivership
Dutch architect best known in Britain for Middlesbrough gallery goes bust
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NewsWolseley reports profit down by two-thirds
But trading update says banking covenants will not be breached this month
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NewsCredit fears for PFI hospital construction
Internal memo suggests there is no 'plan B' if banks refuse to lend schemes money
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NewsBarratt debt fears dismissed
Sources close to the refinancing talks reject analyst claims that covenants will need retesting
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NewsMcInerney hopeful of new banking deal
The Dublin housebuilder is restructuring its bank finance to counter the effects of recession
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NewsHenry Boot hard hit by writedowns
Trading in 2008 was in line with expectations but writedowns were heavier than expected
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NewsOakdene defiant after bank pulls credit
Debt called in and shares pulled from AIM but housebuilder denies firm is under threat
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NewsWolseley ‘does not need £500m rescue package’
Sources say building materials giant will not breach covenants on £2.7bn debt pile
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NewsKeltbray plans £20m Middle East debut
Keltbray, the London demolition and site services specialist, has teamed up with Gulf General Investment, a developer based in Dubai, to make the first overseas foray in its 30-year history.
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Keepmoat profit soars 25%
Social housing group Keepmoat has announced that profit rose by a quarter from £20.8m to £25.9m in 2008.
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Profit drops but turnover jumps to £10.1m at Hopkins
Hopkins Architects has posted a 4% fall in pre-tax profit from £1.82m to £1.75m in the year ended 31 March 2008.
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NewsMears buys former Erinaceous division
Contractor says its £12.5 purchase of 3C Asset Management will boost turnover by £20m
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NewsDoubts over future of Oakdene after lenders call in debt
Housebuilder's shares are suspended after refinancing talks collapse
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NewsFinance director leaves Bullock Construction
Paul Hooper-Keeley is currently negotiating leaving package with social housing provider
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NewsCredit ratings stay strong for Gulf construction firms
Agency says government backing for Gulf construction firms means a stable credit outlook for this year