Finance News – Page 249
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NewsTaylor Wimpey sources dismiss deal fears
Ahead of tomorrow's trading update sources say bank's credit committees 'very unlikely' to scupper deal
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NewsEx-Skanska chief joins Osborne
David Fison is appointed chief executive at family-owned UK contractor
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NewsGalliford Try heads for housing top five
Chief exec says downturn will propel firm into top tier of housebuilders, as 500 staff put onto four-day week
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NewsHBOS may merge social housing groups to sell as single entity
Private equity groups circle Keepmoat and Apollo as bank seeks to reduce property market exposure
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Taylor Wimpey lenders will not take slice of company
Source close to refinancing talks says debt-for-equity swap was ‘never on the cards’
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NewsBellway directors ‘scapegoated’ by watchdog
Sources close to Bellway Homes have claimed that its bosses were scapegoated in a row over directors’ bonuses
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Panceltica bosses sell 53% stake ahead of £40m loss
Structural steel specialist Panceltica has insisted it is “business as usual” despite a profit warning last month that prompted a major reshuffle of its shareholders
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Styles & Wood looks to Middle East as retail slump hits profit
Retail fit-out specialist Styles & Wood is planning a push into the Middle East in an attempt to offset the economic slump in the UK
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John Sisk appoints UK managing director
John Sisk & Son has appointed Paul Wilson managing director of its £250m-turnover UK operation
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NewsInterest rates cut to 1.5%
The 0.5% reducation means that interest rates are at their lowest since 1694
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NewsLand Secs shares hit by Trillium sale U-turn
Developer sells property management arm to Telereal for £350m loss after previously halting demerger
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NewsMears upbeat on 2008 forecast
Results will be in line with expectations, says social housing maintenance group
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NewsCostain order book hits £2bn high
Positive update reports trading in line with board expectations
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NewsPersimmon cuts debt by £306m but no news on refinancing deal
Housebuilder starts talks with lenders as it confirms 2008 results will be in line with expectations
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NewsAustralia's Leighton warns of 60% profit plunge
Writedowns will have big impact on interim results, warns Australia's top contractor
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NewsDarling admits recession will be prolonged
Chancellor to revise previous predictions of recovery for the second half of this year
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NewsEquity swap ruled out in Taylor Wimpey debt deal
Sources say lenders are not interested in taking a stake in the housebuilder in exchange for debt refinancing deal
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NewsUK homeowners prefer to pay mortgage than spend
Figures reveal negative housing equity withdrawal for second successive quarter
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NewsThomas Vale and McBains Cooper circle failed Pettifer
Contractor and consultant in running to buy management consulting arm of Warwickshire group
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NewsCarillion calls off £20m sale of Alfred McAlpine division
Contractor gives up on disposal of plant services arm after failing to interest buyers