Finance News – Page 255
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NewsBalfour Beatty boosted by strong infrastructure growth
Robust performance over last four months thanks to strength in infrastructure but development market slows
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NewsMagellan Residential goes into administration
Yorkshire housebuilder will attempt to sell business and ongoing or completed sites
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NewsSocial housing keeps Mears finances solid
Results on track and group growing strongly, thanks to public sector client base
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Westminster pledges £100m recovery package
Council announces range of measures to help recession-hit Londoners
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NewsPidgley and Ronson blame banks for housebuilder debt
Chief executives warn recovery may take years following ‘greed driven’ culture of excessive lending
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NewsCredit crunch spreads to medium-sized housebuilders
£254m-turnover David McLean is pushed under by £100m debts, joining £131m-turnover Taggart
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NewsPersimmon confident of lenders’ support
Persimmon has said lenders will take a supportive stance during refinancing talks next year despite the market downturn, writes Tom Bill.
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Kier forms one-stop FM arm
Kier has reorganised its facilities management arm by merging Kier Managed Services with Kier Building Services Engineers.
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£873,000 bonus for Wolseley bosses despite job losses
Wolseley bosses awarded themselves £873,000 in bonuses this year, despite announcing more than 10,000 job losses.
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Baqus says downturn will help two-acquisitions-a-year plan
Listed consultant Baqus has said the credit crunch will help its acquisition plans
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News$25bn rescue plan for Hungary
IMF, EU and World Bank pledge aid over 17 months to save nation’s economy
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NewsUS markets leap on hope of interest cut
Upbeat trading across the globe follows speculation that central banks are about to cut rates
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NewsKier merges divisions to form FM business
New facilities management business will be known as Kier Facilities Services
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NewsBuilding launches business blog
Financial blog features news, gossip and up-to-date share prices for over 30 construction stocks
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NewsDavid McLean goes into administration
The contractor arm of the £130m-turnover developer is to close while the housebuilding division goes up for sale
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NewsCyril Sweett and Miller seal £80m Scottish PPP
The e4i group reaches financial close on school scheme for Inverclyde Council
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NewsPersimmon hit by £600m writedown
Further deterioration in market forces Persimmon to writedown land for second time this year
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NewsRecession will hit the UK
As the economy shrinks for the first time in 16 years and shares plummet, recession is a certainty
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NewsBonus bonanza for Wolseley bosses
Profit plunge and 10,000 job losses fail to dent executives' pay