Finance News – Page 271
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WSP growth on target after road success
Consultant says it is 'monitoring' economic environment but is optimistic about prospects
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NewsBerkeley sales drop 25% in year of two halves
Berkeley records 3% rise in 2007 profit but Tony Pidgley warns of challenging and uncertain times
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Credit crunch claims two more housebuilding firms
Capricorn Homes and Dalesmoor Homes go into administration as future darkens for small companies
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NewsMiddle East funds circle UK housebuilders
More than 10 Middle Eastern sovereign wealth funds are running the rule over UK housebuilders, sources have confirmed, writes Tom Bill.
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NewsRevealed: credit crunch wrecked £100m Mace sale
Deal between Mace and mystery buyer broke down before capital gains tax deadline
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NewsCroudace boss reveals inside story of failed sale
Andy Yallop explains how the housebuilder came to turn down an offer from Hyde Housing Association
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Cotswoldgate facing liquidation
The administrator of Cotswoldgate is poised to put the collapsed housebuilder into liquidation, a move that could pave the way for legal action against its former directors, writes Michael Glackin.
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Styles & Wood issues warning
Retail fit-out specialist Styles & Wood has issued its second profit warning in a month after suffering what it called “significant project deferrals”.
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Mystery shopper’s takeover bid for WYG is ‘ill-timed’
Financial sources have branded the takeover approach for White Young Green as “ill-timed”.
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Bullock’s profits up
Turnover at social housing group Bullock rose 12%, from £117m to £130.6m, in the year ended 30 September 2007.
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Atkins cheers the engineering sector with 24% profit growth
Atkins has posted results for 2008 at the top end of City forecasts, thanks to rapid growth in the Middle East.
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Sharewatch - Let gloom be unconfined
As Tony Pidgley predicted last week, housebuilding shares have “bumped along at the bottom” over the past seven days. And who would doubt the clairvoyant powers of the Berkeley boss?
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Lenders hit new housing hard
UK mortgage lenders are penalising buyers of new-build housing by offering much poorer terms than for second-house houses.
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Erinaceous ‘overpaid’ on Medway contract
Failed property consultant Erinaceous was systematically overpaid for work carried out on a four-year housing maintenance contract in Kent, an investigation into alleged fraud has found.
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NewsSMC reports robust trading and restructures debt
Listed architect reports “substantial growth” in Asia, with potential to expand in Middle East
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NewsMay house sales down 37% as lending falls 56%
UK house sales collapse as credit crunch drives down mortgage lending
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Steel prices set to rocket
Forecast 40% rise in steel price this year on the back of iron ore inflation will hit construction costs hard
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NewsStyles & Wood issues second profit warning
Retail fit-out firm says it has been hit by 'significant project deferrals'
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NewsLend Lease struggling to finance Olympic Village
Problems of securing private sector funding raises possibility of further financial support from government for 2012 Village