Finance News – Page 265
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NewsMorgan Sindall pins hopes on infrastructure growth
Purchase of Amec divisions boosts six-month turnover by almost 50% to £1.2bn
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NewsInvestors undeterred by Taylor Wimpey deficit
Taylor Wimpey’s £216m pension fund deficit has not put off potential investors, according to sources close to the housebuilder
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Skanska UK broke through £1bn barrier last year
Skanska UK broke through the £1bn-turnover barrier in 2007 despite going £41.5m into the red in the first six months of 2008 and parting company with its chief executive.
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Durkan profit falls by quarter
Social housing contractor Durkan said it was satisfied with its results in the year to 31 January 2008, although pre-tax profit fell 25% from £4.6m to £3.4m.
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Problem contracts push Pettifer £7m into the red
Warwickshire contractor Pettifer Construction has sunk £7m into the red for the year ended 30 September 2007 after a number of problem jobs.
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Shard firms try to finalise costs
Shard's PM Turner & Townsend criticises the budget of the entire £1.3bn London Bridge Quarter
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NewsArcadis turnover jumps by a fifth
Dutch consultant turnover £338m mainly due to recent acquisitions including two US firms
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NewsRail-led loss drives Emcor away from sector
M&E firm moves away from rail work after sector problems lead to group loss of £6.1m
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NewsBank of England holds interest rates at 5%
Risk of inflation prevents monetary policy committee from coming to housebuilders' aid by cutting rates
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NewsBarratt seals refinancing deal with banks
Deal to relax lending covenants is now in place, says housebuilder
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Midas posts 38% rise in pretax profit
Improved business structure helps group overcome downturn on fit-out and development sides
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NewsQuintain to cut jobs and costs as property market worsens
Developer reveals extent of financial woes as moves are taken to preserve cash
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Atkins reports solid first-quarter trading
Healthy Middle East business underpins confidence for year ahead
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NewsLend Lease profits halve after UK housing writedown
Olympic Village developer warns Australian stock market that UK housing troubles will hit group profits
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Mouchel promises final results in line with expectations
Engineer is also confident for the year ahead thanks to a £2.1bn order book
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Vinci announces interim turnover up 15%
Trading brisk in second quarter and healthy figures forecast for full year
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NewsInterserve and John Laing win £310m PFI defence contract
Laing O'Rourke will also benefit from building and maintenance PFI deal
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NewsMorgan Sindall's half-year turnover breaks £1bn barrier
Turnover up 48% on a year ago with profit up 31%, but recent writedown not included
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Construction insolvencies soar 35%
Leap in insolvencies since same time last year is the highest of all UK sectors