Finance News – Page 279
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NewsDean & Dyball goes while the going’s good
The construction market may be slowing, but it appears there has never been a better time to be a regional contractor, writes Michael Glackin.
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NewsShard may revert to old procurement route
The Shard could revert to construction management if its developer fails to agree a fixed price with Mace by the autumn.
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Kinetics buys Rochdale fabric maintenance firm for £7m
Maintenance contractor Kinetics Group has bought £20m-turnover fabric maintenance company Lord Group for an estimated £7m.
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Henry Boot calls for urgent cut in interbank lending rate
Jamie Boot, group managing director of Henry Boot, says interbank lending rates must come down to give housebuilders some respite from the credit squeeze.
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Eleco in confident mood after turnover and profit increase
Timber-frame manufacturer Eleco is confident it will ride out the current financial downturn after posting a 36% rise in turnover for the six months to 31 December 2007.
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Silverdell scales down pre-tax profit to £1.4m
Asbestos remediation firm revises figure of £2.2m after having to comply with International Financial Reporting Standards
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NewsCyril Sweett acquires Burns Bridge for £5m
Consultant expands business in the Middle East, India and Australia
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Bellway steers a stable course in choppy housing market
Housebuilder reports a marginal rise in turnover and profit slightly down for second half of 2007
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NewsTribal celebrates doubled profit for 2007
Consultant sees profits soar after strategy review, with turnover also up strongly
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Opus acquires Joynes Pike Group
Nottingham-based engineer becomes part of Antipodean multidisciplinary consulting group
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NewsBanks to continue funding Erinaceous
Banks say they will provide ongoing support while board seeks solution to financial problems
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NewsCyril Sweett buys Nisbet for £5.9m
Construction and property consultant boosts public sector portfolio with purchase of regional player
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Bowmer & Kirkland highest paid director receives £8.6m
Unnamed director is one of seven taking home a total of £19.8m in 2007
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NewsAxe hangs over Minerva's Croydon mall
Lend Lease deal 'to stall' on Park Place redevelopment featuring John Lewis store
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NewsCrest slows construction of flagship Birmingham project
Chief executive admits sales rate has halved at £261m Park Central since credit crunch began
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NewsPidgley optimistic despite 20% sales drop
Tony Pidgley, the chief executive of Berkeley Group, says his firm is performing better than he feared, despite a 20% slump in sales in the four months to 31 January 2008.
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NewsHousing gloom after US bank crashes
Housebuilders prepare for tough market conditions as lenders tighten mortgage criteria
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NewsCostain hopes for return to glory days after £20m profit
But return of UK’s oldest contractor to the ‘premier league’ could fuel takeover speculation
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Vinci UK announces 5% margins – but not for long
Vinci UK has said profit margins will fall in 2009 as a result of the credit crunch.
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Lorne Stewart to move into Middle East to double turnover
M&E services group Lorne Stewart will move into the Middle East to help double turnover to £500m by 2012.