Finance News – Page 262
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NewsFerrovial makes huge profit on George Best airport sale
BAA owner's £132.5m sale of Belfast airport bodes well for likely forced sale of Gatwick and Stansted
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NewsConstruction output falls 0.5%
Private housing work drops 7% but public housing and infrastructure output rises in second quarter
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NewsRoger Bullivant cautious despite piling up profit
Piling contractor reports 45% pre-tax profit rise in year to October 2007 but warns downturn starting to bite
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NewsTaylor Wimpey lenders push for deal by October
Pressure to reach agreement grows as interest charges on debts are set to spiral to £170m
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Taylor Wimpey lenders push for deal by October
Pressure to reach agreement grows n Interest charges on debts are set to spiral to £170m
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NewsMcCarthy & Stone ‘not looking for cash deal’
Sources close to retirement housebuilder McCarthy & Stone have dismissed reports it will need new shareholder cash as part of an £800m refinancing deal.
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NewsTaylor Wimpey breathes again – but for how long?
Deal to relax lending terms imminent, leaving housebuilder with three options …
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Contractors seek advice as redundancies rocket
Calls to NFB’s employment helpline double, compared with first seven months of 2007
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Carillion: credit crunch is good
Carillion’s chief executive has said the credit crunch has been good for the company.
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Styles&Wood profit drops 54%
Pre-tax profit at retail fit-out specialist Styles & Wood plunged by 54% in the first half of the year.
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MPs: management is key to PFI
PFI projects are not providing value for money because they are being “undermanaged” by public sector managers, MPs have told the government.
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NewsBank of England keeps interest rate at 5%
No change on interest rates for the fifth consecutive month despite poor economic outlook
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NewsMiddle East growth keeps Atkins on track
Consultant says half-year results to end September will be in line with expectations
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NewsMPs question value for money of PFI projects
Public-sector “undermanagement” of project changes is costing too much, says public accounts committee
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NewsMcCarthy & Stone cuts 200 more jobs
Latest announcement at retirement homes specialist brings job loses this year to a quarter of workforce
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NewsRod Sheard leads MBO at HOK Sport
Buyout of architect behind design of 2012 Olympic stadium is being led by Rod Sheard
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NewsT Clarke profit up 10% after contract wins
Diversifying away from the commercial property sector pays dividends for electrical contractor
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NewsNorth Midland Construction profit falls 60%
Contractor blames project cancellations and extension of payment terms as shares plunge 37%
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NewsCredit crunch forces Development Securities to halt work on the Strawberry
Property firm trying to circumvent need for bank finance to restart Hammersmith scheme after announcing £14.4m half-year loss
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NewsCostain gears up to enter UK airports market
Balfour Beatty and Hochtief are among other contractors linked to sale of BAA’s assets