Finance News – Page 268
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NewsBarratt carves up property arm
Barratt is to reduce its £1.7bn debt burden by selling the assets of Wilson Bowden Developments, its commercial property arm, writes Joey Gardiner.
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Millbridge Group buys LG Consult
Chartered surveyor snaps up London QS in a deal worth over £250,000
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St Modwen hit by land slump
Regeneration specialist St Modwen plunged into the red during the first half of this year and announced on Monday it was halting attempts to sell residential land until the market had “stabilised.”
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Tarmac cuts 300 jobs as plants and offices close
Materials firm cites ailing housebuilding market but says some restructuring was already planned
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NewsWolseley slashes 6,000 jobs as credit crunch bites
Materials supplier plans to cut costs in UK as it reveals slump in profits
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NewsSt Modwen halts housing schemes at Longbridge and Stoke
Two housing developments put on hold until housing market improves, following firm's announcement of £20m losses
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BDP buys Dutch architect Khandekar
UK architect acquires 30-strong masterplanning outfit to form BDP Khandekar
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NewsProfit jumps at Laing O'Rourke
Contractor's profit rises 76% thanks to mega-projects and rapid growth overseas
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NewsWork stops on £200m Leeds tower
Developer KW Linfoot says work will resume on the 55-storey Lumiere when market conditions improve
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NewsStyles & Wood cuts 45 jobs and restructures board
New boss believes redundancies and bolstered management board will ‘keep business healthy’
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Taylor Wimpey seeks private equity rescue as sector’s job losses pass 6,000
Housebuilder in plans to sell one-third of company. Net reservations fall below zero. Persimmon, Bovis and Redrow reveal scale of redundancies
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NewsKillby & Gayford sharpens act after £15m buyout
SME profile Heritage construction company aims for £88m turnover in 2008
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Report: Public sector ‘not the safety net people think it is’
Public sector construction work will not be enough to offset the decline in private sector spend over the next two years, research has revealed.
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KPMG finds Eastern Europe set for transport boom …
Bulgaria, Romania, Iceland and the Baltic States to grow transport market by 7% for five years
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‘Another successful year’ for Richardson after Rok buy
Richardson Projects, the north of England social housing contractor, boosted pre-tax profit by 44% last year from £3m to £4.3m.
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Balfour Beatty scores Wembley win
Balfour Beatty has won a £250m deal to build the next phase in Quintain’s regeneration of Wembley.
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NewsGlobal construction inflation hits 30%
EC Harris reports strong cost rise in eastern Europe over the past year
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NewsHPF seeks funding for growth after deal collapses
Consultant engineer Hurley Palmer Flatt abandoned a private equity fundraising deal shortly before changes to capital gains tax laws came into force on 6 April.