Finance News – Page 256
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McBains Cooper goes global
Consultant McBains Cooper has launched a global division after opening two offices in South America.
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Problem contracts reduce Styles & Wood’s profit to nil
Ivan McKeever, chief executive of retail fit-out specialist Styles & Wood, has said the group will break even in 2008 as a result of margin shortfalls on projects completed last year.
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Banks pledge to help small firms
Bankers set out proposals for supporting small businesses through the downturn
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Plant hire division rescued at Northants firm
Jobs saved after administrators of Mainland Construction Group find buyer for division
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NewsAukett steeled for possible project 'funding issues'
International architect predicts results in line with expectations after making provision for possible credit crunch-related problems
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NewsWolseley cuts 3,000 more US jobs
Materials firm's job losses since 2006 market peak now total 10,600
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NewsLaing O'Rourke buys struggling concrete firm
Takeover of pre-cast concrete specialist Bison will safeguard 450 jobs
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BDP still operating at loss despite booming revenue
Turnover up 18% but architect's operating loss deepens on back of rising staff costs
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NewsBank of England warns recession is imminent
Governor predicts several years of economic hardship for the UK
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Northamptonshire contractor goes into administration
Mainland Construction Group calls in administrators and tries to sell plant arm while closing construction and civil engineering divisions
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NewsNumber of firms on 'critical list' soars
Corporate rescue specialist Begbies Traynor says 1055 construction firms suffered critical problems in the last three months
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NewsMortgage lending falls 42% since last year
Council of Mortgage Lenders says gross lending declined to £17.7bn in September, the lowest figure since January 2005
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UK economy already in recession, says analyst
Ernst & Young says British economy is shrinking but downturn will be short-lived
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NewsBarratt to raise £200m in land sell-off
Reports that troubled housebuilder is looking at 4,400ha fire sale
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NewsHousebuilding shares drop dramatically
Despite gains in the market overall, housebuilders' shares this morning saw significant drops of 10-11%
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NewsSharewatch: Hooligans at the poker table
Christopher Rickard, Taylor Wimpey’s new finance director, has an interesting few weeks ahead of him.
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NewsConstruction output to fall 3% in 2009
Experian issues bleak prediction, with housing activity suffering biggest decline of 14%
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NewsLow & Bonar flooring sale cuts debt
Materials group says disposal leaves it 'comfortably within' its financing covenants
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NewsCouncils to meet ministers over Icelandic banks crisis
Local authorities seek government aid and demand inquiry into faulty investment advice