Finance News – Page 263
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NewsThe curtain rises on Schmidlin UK’s second act
Company profile Two years after takeover by Lindner, cladding firm expects £18m turnover boost
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Severfield-Rowen stays bullish
Steelwork contractor Severfield-Rowen has said its Olympics contracts will help it through the economic downturn.
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Weak US and Europe markets push CRH’s profit down
Pre-tax profit at Irish building materials firm CRH has fallen 10% on the back of a weak dollar and flagging markets in North America and Europe.
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NewsSharewatch — just time for a bit more august gloom …
Results from Persimmon, Bovis Homes and Taylor Wimpey over the past fortnight contained about as much sunshine for investors as the month of August.
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Empty buildings tax blamed for business park slowdown
One of the UK’s largest developers of small business units has cut its development programme by more than 90% in response to the government’s decision to remove tax relief on empty business properties.
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Taylor Wimpey may turn to private equity despite bank rescue
Pete Redfern, chief executive of Taylor Wimpey, hasn’t ruled out selling a stake in the housebuilder to a private equity group.
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NewsSavills posts 41% drop in profit
Estate agent admits to finding 2008 a 'challenging year' as housing market slump continues
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NewsBAM turnover up 10% as public work buoys HBG
Dutch group posts 7% profit rise and says UK arm HBG has held up well despite slight fall in UK turnover
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NewsCredit crunch halves profit at fit-out firm Styles & Wood
But 2008 order book already full as food sector keeps retail fit-out specialist busy
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NewsCarillion reports 42% rise in profit
Cost savings from Alfred McAlpine takeover and growth in FM outsourcing boost results at construction and support services group
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NewsHenry Boot profit slips despite soaring turnover
Turnover up 153% with construction division thriving, but tough market knocks 7% off profit
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NewsProperty revaluations hit profit at mall developer Westfield
Half-year pre-tax profit falls 36% despite operational earnings up 15%
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NewsCostain profit leaps 26% in 2008
Engineering and construction group reports £10m profit and order book at record level
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NewsLand writedowns drive Taylor Wimpey into the red
Housebuilder to close 13 of its 39 operating businesses after £1.54bn first-half loss
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NewsPlan for trustee to oversee sale of BAA airports
Competition Commission considers taking control of sell-offs as well as management control
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NewsIrish materials giant CRH reports profit down 10%
Interim figures likely to be echoed in full-year results, driven by weaker dollar and flagging Western markets
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NewsProfits plunge 80% at Bovis Homes
Housebuilder says first half of 2008 has been its toughest ever period of trading
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NewsConstruction downturn slows economy to a crawl
A fall in construction output of 0.7% in the second quarter slows UK economic growth to 0.2%
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NewsLend Lease confirms 47% fall in net profit
Writedowns at UK housing arm and property devaluation drag full-year profit to barely half 2007 level
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NewsHousing slump pushes Persimmon profits down 64%
House price slide and lending squeeze conspire to hit first-half profits at UK housebuilder