Finance News – Page 261
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NewsBerkeley in line with expectations despite sales slump
Strong cash position enables housebuilder to profit from land purchase opportunities
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CBI demands interest rate cut to halt recession
UK may already be in mild recession, says CBI, predicting unemployment in 2009 will be highest for 17 years
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Market slowdown forces Ennstone to slash costs
Listed materials firm will dispose of assets and may ask shareholders for cash
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NewsProfit up one-third at White Young Green
Engineering consultant announces healthy results alongside new £1.6m contract win on Dubai Waterfront
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NewsWorld markets in turmoil as Lehman Brothers collapses
FTSE 100 plummets as fourth-largest US bank files for bankruptcy
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Vinci strengthens grip on UK with £74m Taywood coup
French giant to keep contractor in one piece after deal that doubles its UK operations
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NewsISG looks to Middle East and Asia for profit
More than half the profit at fit-out specialist ISG could come from overseas within three years, according to the company’s chief executive, writes Tom Bill.
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NewsGetting by with a little help from its super-rich friends
SME profile Holloway White Allom’s A-list clients are helping it expand during the downturn
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Foster + Partners makes loss of £15m after writedown
Foster + Partners made a loss of £15m in 2008 following a goodwill writedown of £15.5m.
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Profit rises 45% at Bullivant
Pre-tax profit at UK piling contractor Roger Bullivant has increased 45% from £2.3m to £3.4m, but the company warned that the credit crunch had started to take its toll.
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Atkins expects Middle Eastern expansion to boost results
Atkins has said results for the six months to 30 September will be in line with expectations on the back of strong growth in the Middle East.
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Further delay to Shard deal
A final construction contract on the 312m-high Shard is unlikely to be agreed before the end of the year, it is understood.
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NewsWritedowns push profit flat at Galliford Try
Land writedowns drag pre-tax profit down to last year's level despite 30% rise in turnover
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NewsHousing troubles shrink Stewart Milne profit by 40%
But overall turnover up more than 20% and contracting arm performing well
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Recession predicted for UK, Germany and Spain
European Commission expects UK economy to grow just 1.1% in 2008
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NewsTaylor Wimpey sells Taylor Woodrow to Vinci
Cash from £74m disposal of construction business will be used for 'general group purposes.'
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NewsMarket slump knocks 68% off Barratt profit
Housebuilder's pre-tax profit falls to £137.3m despite 6% rise in selling price
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NewsLoans to first-time buyers drop 50%
Council of Mortgage Lenders survey shows dramatic decline in home loans as lending criteria tighten
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NewsRedrow strikes refinancing deal after £259m writedown
Housebuilder reveals £194m pre-tax loss but three-year refinancing deal struck with lenders