Finance News – Page 276
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News£100m Bullock sale may start private equity stampede
Investors eye social housing contractors after Lloyds Development Capital buys Midlands firm
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Connaught escapes credit crunch and plots expansion
Social housing contractor reveals 60% profit jump and looks at defence and education markets
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NewsCity unconcerned by ‘storm in an OFT cup’
The City reacted with studied indifference to last week’s accusations of bid rigging by the Office of Fair Trading, writes Tom Bill.
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Morgan Sindall reports fall in demand for fit-out work
Morgan Sindall has said the credit crunch began to hit areas of its fit-out business in the first quarter of 2008.
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Capita makes another purchase
Capita Symonds has bought consulting engineer NRM Bobrowski for an estimated £1.5m.
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Small builders feel the chill as housing market evaporates
Construction workloads have fallen to their lowest levels since spring 2006, according to figures from the Federation of Master Builders.
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Mace boss predicts ‘healthy’ 2008 as profit rises 46%
Stephen Pycroft, the chief executive of Mace, has said the consultant will have a “healthy” 2008 despite the market downturn.
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Crispin & Borst’s profit boost
Crispin & Borst, a subsidiary of French construction company Vinci, has posted a 3% rise in pre-tax profit from £3.3m to £3.4m in the year ended 31 December 2007.
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McLaren boss takes home £10m as sales soar
Kevin Taylor becomes UK construction's top earner, just six years after founding the fast-growing contractor
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Mortgage crisis drives Persimmon to freeze new starts
Falling sales prompt housebuilder to call for government boost to housing market
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Director leaves Costain board for shareholder UEM
UEM presence on board drops to one but Costain denies the move signals any intention for UEM to exit the company
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Cyril Sweett results in line with expectations
Consultant reports £84m order book at start of year and forecasts its recent acquisitions will help take turnover to £100m by 2010
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Profits warning knocks Taylor Wimpey shares
Shares lose 5% of value after housebuilder warns deepening market crisis will hit profits
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HBG plans £150m spree on city sites
HBG’s property arm is poised to spend up to £150m snapping up and developing sites in cities such as Manchester and Glasgow that have seen their values plunge because of the credit crunch.
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Hochtief's UK arm back in the black
Contractor returns to profit and reports 9% rise in turnover
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NewsMiddle East puts Atkins profit on track
Forecast for pre-tax profit is at top of expecations at £91m on turnover of £1.32bn
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NewsErinaceous sells insurance division
Administrator KPMG says Erinaceous Insurance Services has been sold to the company's lenders
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NewsSkanska takes £27m hit on three projects
Contractor's profits are affected by unexpected charges on three PPP schemes in the UK
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ISG forms fit-out joint venture in Dubai
Partnership announced with local contractor Al Habtoor Leighton Group
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NewsGrosvenor takes £50m hit on Liverpool retail scheme
Property developer says it is defending claim by Debenhams over reported delay in delivery of Liverpool One