Finance News – Page 264
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NewsVermont Developments goes into administration
Liverpool-based firm hits problems after mothballing of £40m residential development in Salford
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NewsBuy-to-let investors may withdraw £18bn from residential market
Survey suggests private investors are looking to place cash elsewhere as property becomes less attractive asset
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NewsMears pre-tax profit jumps 16%
AIM-listed company makes £7.7m profit for six months to June while turnover leaps 49% on back of contract wins
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NewsAnalysts make predictions ahead of Persimmon results
Housebuilder expected to announce 63% fall in pre-tax profit in six month results out this Thursday
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Construction firms could be denied insurance as insolvencies peak
Leading risk management group warns underwriters could begin to withold credit insurance
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NewsResidential land values dive 20% in six months
Savills research reveals land values falling four times as fast as house prices - with a further 25% fall to come
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NewsMears clinches £57m of social housing work
Partnership deals with Octavia and Old Ford bring order book to £1.7bn
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Redhall reshuffles board after profit doubles
Enginnering firm apppoints new chief operating officer and chief finance officer as it posts £1.9m interim profit
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NewsArcadis was failed WYG bidder
Speculation that overseas player had approached the group over an estimated £200m takeover in June
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Rok cuts building turnover by 50%
Garvis Snook, chief executive of Rok, will halve turnover at the group’s building arm to fund a push into social housing.
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NewsBritish Land reveals £572m first-quarter loss
Property company writes down value of portfolio by 5% and says it is reviewing construction schedule for the 'cheesegrater' tower
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NewsMiddle East growth boosts Interserve profit by 20%
Order book increases to £6bn as support services firm reports 'little overall effect' from credit crunch
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NewsChancellor set to boost mortgage lending
Alistair Darling will help banks and building societies secrue more finance for new mortgages according to media reports
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NewsConstruction in recession for two more years
Higher materials prices contribute to construction bodies' gloomy outlook
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NewsRok to close commercial property arm
Contractor reduces exposure to sector as it reports 22% interim profit rise
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NewsHousing sales stall over stamp duty speculation
Estate agents warn government that rumours of a stamp duty holiday has caused more uncertainty in housing market
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NewsCostain wins £120m waste contract
Riverside Resource facility in Belvedere will provide enough power for 66,000 London homes
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Hammerson blames credit crunch for £417m first-half loss
Falling property values knock £407m off value of developer's portfolio
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NewsMortgage squeeze hits Blackburn housing scheme
Final stage of £15m project put on hold because prospective homebuyers cannot borrow