Finance News – Page 253
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NewsGleeson cuts more jobs after £9.6m writedown
Regeneration company will move head office from Hampshire to Sheffield in bid to cut costs
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NewsBritish Land reports 11% fall in portfolio value
Net asset value per share down 22% but underlying pre-tax profit up slightly in tough conditions
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NewsStrong regional trading boosts T Clarke results
Engineer and contractor says 2008 results will exceed market expectations, with balance sheet strong
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NewsSuppliers hit by credit insurance withdrawal
Cover for non-payment of bills for goods received on credit being removed from 12,000 firms
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NewsLib Dems demand lending eased for small firms
Government called on to take radical action, including possible creation of a new bank
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Axe hangs over Dev Secs' Slough scheme
Withdrawal of council support could kill regeneration scheme that already lost a housebuilder
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NewsHazardous sculpture costs Heatherwick £1.7m
Designer agrees out-of-court settlement after Manchester council sues over B of the Bang
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NewsBarratt warns of more writedowns to come
Housebuilder reports sales in line with expectations over past quarter but prices continue to slide
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NewsWolseley to cut 2,300 more jobs
Over 200 branches will also close as profit falls 45% at international materials supplier
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Waterman buoyed by international work
Overseas and public work gives stability to engineering and environmental consultant
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NewsPrivate equity firms circle Taylor Wimpey
Oaktree, Apax, 3i and Permira mulling bids for housebuilder
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NewsCBI predicts 'deeper and longer' recession
Revised forecast shows 9% out of work and interest rates slashed to 1.5%
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Plant firm Garic sold for £20m to Bibby
Investment group acquires entire share capital of £12m-turnover firm
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Costain seals £40m deal for Bradford schools
Contractor will build three new schools in JV with Ferrovial Agroman
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North Midland confirms turnover will be down
Downturn will keep 2008 figures below last year's but still in line with revised forecasts
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Developers welcome change to infrastructure tax
Government climbs down on ‘unenforceable’ levy to ensure safe passage of planning bill
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NewsEC Harris plans job cuts after major restructure
Consultant says it will focus on energy, transport and public sector as it announces profit rise of 21%
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NewsCitywatch: Temporary relief
“A moment of euphoria, and then a sharp intake of breath.” This is how one analyst described the City’s reaction to the Bank of England’s decision to cut the base interest rate by 1.5 percentage points to 3% last week.
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Anger as banks fail to pass on 1.5% rate cut
Housebuilders have hit out at the failure of banks to pass on last week’s shock 1.5% cut in interest rates to potential customers.
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NewsOverseas growth puts Keller on track for record year
Organic growth abroad and infrastructure work boost groundworks firm, which also announces two acquisitions