Finance News – Page 267
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NewsConstruction drives UK economic slowdown
Economy sees lowest quarter-on-quarter growth for three years thanks to housebuilding woes
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NewsTaylor Wimpey cash shortage threatens lifeline deal with banks
Housebuilder's debts mean it is 'unlikely' to get same reprieve as Barratt
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NewsTurner & Townsend rules out resort to private equity
Following strong results, the consultant restates its intention to float on the stock exchange
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NewsKier confident profit will meet expectations
Kier has said pre-tax profit for the year ended 30 June 2008 will be in line with market expectations despite “very tough” conditions in the housing market
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Tube Lines reports 24% increase in profit last year
Tube maintenance consortium Tube Lines has boosted pre-tax profit by 24% to £73.1m in the year ended 31 December 2007.
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370% rise in firms facing severe financial difficulties
Almost five times more construction companies face “critical problems” than this time last year, new figures show.
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T Clarke unaffected by crunch
Electrical contractor T Clarke has said its trading for the six months ended 30 June 2008 has not been hit by the credit crunch.
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Minerva set to accept £258m offer from Dubai group
Property group Minerva is set to accept a £258m takeover offer from Dubai real estate group Limitless.
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NewsLend Lease may need bail-out funding for Olympic village
MPs warn that government will probably have to break into contingency fund to enable developer to proceed
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News£41.5m loss propels Fison out of Skanska top job
UK chief exec to be replaced immediately after global boss dissatisfied with British first-half loss
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NewsStewart Milne Group to lay off 20% of staff
Housebuilder responds to Scottish economic downturn by axing a fifth of workers
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NewsTurner & Townsend profits soar by 29%
International contracts boost consultant's first results as plc
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NewsMinerva set to accept £258m takeover offer
Property group's share price rockets after announcing 160p-a-share deal with Dubai real estate group Limitless
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Demand for commercial property at 10-year low
RICS survery blames weak retail sales, caution in banking sector and oversupply of office space
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NewsMears wins £170m of social housing contracts
Social housing sector in London, Berkshire and Midlands proves fruitful for Mears group
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Scaffolding manufacturer to close
Cost of raw materials and collapsing housing market hit Welsh firm with loss of 23 jobs
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Kier confirms 350 job cuts in residential division
Four our of five housing offices will close but group says overall profit is in line with expectations
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Davis Langdon turnover up 35% on back of Middle East boom
Consultant reports rise in global turnover to £259m, boosted by growth in the Middle East
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NewsLaing O’Rourke announces 76% profit growth
Company predicts that it will double in size over next four years after financial results defy downturn
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Industry hits 18-year low as prices rise and demand cools
Effect of the market downturn is spreading beyond housebuilders as industry activity goes into reverse