Finance News – Page 273
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NewsFixed-rate loans up 5% in April
Council of Mortgage Lenders report suggests borrowers are looking for security for mortgage payments
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NewsBarratt in 'heavy dialogue' with banks
Chief executive Mark Clare tells Building he has not ruled out option of covenant waivers
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New rules force housebuilders to declare buyers' incentives
Council of Mortgage Lenders announces regulations to combat mortgage scams from September
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NewsCala Homes guarantees buyers 6% mortgage rate
Scottish housebuilder promises fixed rate to suitable buyers in move to counter housing downturn
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Acoustic consultant Hamilton & McGregor taken over by Faber Maunsell
Scottish building acoustics specialist becomes part of £160m-turnover international technical services consulting group
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NewsHousebuilders' shares plummet
Taylor Wimpey records biggest fall with 21% drop in share price, while Persimmon prepares to exit the FTSE 100
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NewsProfit soars 38% at Hyder
Consulting engineer predicts continuing growth with order book up 29%
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NewsRecession? It’s more like a blip, says new CPA chairman
Adrian Barden forecasts bright future for construction – if the government does its bit
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NewsHolloway White Allom sale ‘scuppered by tax fears’
Private equity groups pulled out of talks to buy luxury contractor Holloway White Allom (HWA) owing to proposed changes to the tax status of non-UK residents, it has emerged, writes Tom Bill.
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Firms hit by crunch should seek PPP deals in eastern Europe
Construction firms hit by the credit crunch should seek PPP deals in central and eastern Europe, according to research by Pricewaterhouse Coopers (PwC).
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NewsCotswoldgate creditors plot next move
Subcontractors left out of pocket by housebuilder Cotswoldgate’s collapse into administration are seeking to have the firm put into liquidation before pursuing legal action against its directors, writes Michael Glackin.
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NewsBalfour Beatty snaps up US firm
Contractor buys Californian programme management firm for $116m
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NewsBellway cuts profit margin forecast by 1.5%
Housebuilder revises predictions downwards after 31% fall in reservations since February
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Amec buys yet another environmental consultant
Purchase of California-based consulting engineer Geomatrix for £43m is seventh such acquisition in 18 months
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NewsCivils defy downward trend as construction activity slides
May purchasing index shows accelerating decline in construction activity, particularly in housing, with civil engineering the only sub-sector on the up
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NewsMBO at McKean Group ends 90 years of family rule
Directors David Noar and Mark Fallon take over Scottish contracting group including Mayfield Construction and Hudson Group for close to £1m
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NewsPersimmon to make 'several hundred' redundant
Spokeswoman at housebuilder estimates that several hundred will leave but says no offices will be closed
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Construction firms should look to Eastern Europe
As growth slows in the West, new opportunities are opening up eastwards where PWC research points to an 'infrastructure gap'
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NewsStyles & Wood chief executive and chairman step down
Resignations follow failed management buyout and profit warning at retail fit-out specialist
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Commercial rents set to fall
RICS survey predicts credit crunch will dampen tenant demand in the commercial sector