Finance News – Page 252
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News
65 staff go as Gleeson knocks £9.6m off value of landbank
MJ Gleeson has made 65 people redundant and written down the value of its landbank by £9.6m after a further deterioration in market conditions.
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NewsAbu Dhabi moves to protect developers
Aldar, Sorouh and TDIC to be boosted by state-backed mortgage lender
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NewsPettifer Construction in administration after bank pulls credit
Parent company also affected but not property arm Pettifer Investments, and consulting firm PCM may be sold
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NewsRail work boosts profit at Jarvis
Interim results show 50% increase in turnover as profit hits £4.3m
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NewsAtkins profit up 11% on back of Gulf growth
Consultant posts strong half-year results and says 87% of expected full-year revenue secure
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NewsObama plans $700bn construction programme to beat recession
President-elect to 'lay groundwork for long-term growth' by building infrastructure
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NewsUAE to bail out banks as construction capped
Financial crisis intensifies as federal government pumps funds into rescue operation
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NewsCity reacts positively to pre-Budget report
Construction shares rise on back of pre-Budget report announcements
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NewsArup confident as profit soars 69%
Engineer's cash reserves double last year as UK remains its strongest market
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NewsMitie Group profits from booming FM market
Facilities and project management firm reveals strong half-year results despite credit crunch
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NewsEx-director buys David McLean Homes from administrators
New firm set up by group's former finance director buys housing arm out of adminstration
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NewsSmall firms seek Gordon Brown's help
Forum of Private Business wants big firms forced to pay suppliers promptly and banks' lending practices overseen
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News
CRH extends debt facilities to €1.5bn
Materials firm's loan renegotiation follows earlier profit warning
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NewsBarratt says it will not breach lending covenants
But housebuilder admits more writedowns will be needed after further dip in market
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NewsOffshore deal saves Bewley Homes from collapse
Investors launch last-minute rescue after bank cuts credit to £65m-turnover housebuilder
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News
Thomas Vale profit rises 18%
West Midlands contractor Thomas Vale has announced an 18% increase in pre-tax profit to £1.62m for the six months to 30 September 2008.
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News
Public sector work bolsters Morgan Sindall construction
Morgan Sindall has said it is on track to deliver record results in 2008, thanks to its work in the public sector.
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NewsCitywatch analysts: Consult your calculators
This was the week the mood darkened for the consultancy sector. After White Young Green’s profit warning last week, analysts whipped out their calculators and revised forecasts downwards for everyone.
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NewsMortgage lending up slightly in October
Gross lending up 7% on September but still 44% down on a year ago
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NewsHalf-year profit down 30% at Norcros
Materials firm hit by weak building markets and high energy costs