Finance News – Page 280
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Debts of £36m drive Meadgate Western into administration
Early asset sale safeguards development sites as administrator says housing slowdown gave final push to struggling developer
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Saint-Gobain finalises £1.6bn purchase of mortar firm Maxit
Doubling of French materials giant's mortar business is part of northern European expansion plan
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NewsISG deals with downturn by focusing on smaller fit-outs
Contractor aims low as it announces 43% rise in pre-tax profit and plan to tackle credit crunch
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NewsRok revels in credit crunch
Garvis Snook, chief executive of Rok, has said the credit crunch has made it “a great time” to buy new businesses.
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Profit leaps 122% at demolition firm
Demolition firm Keltbray has reported a 122% jump in pre-tax profit to £7.3m for the year ended 31 October 2007.
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Interserve boss bullish as turnover soars to £1.7bn
Support services and building hybrid Interserve has reported a 23% jump in turnover from £1.4bn to £1.7bn in the year ended 31 December 2007.
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Amec posts £150m profit
Amec has posted a pre-tax profit of £151.6m for the year to 31 December 2007.
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SIG post 29% jump in profit
Insulation and roofing specialist sees rise in profit for 2007 as drive to reduce energy consumption comes into play
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Top-end figures forecast for Berkeley financial results
Housebuilder also reports booming forward sales for coming year
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NewsDarling buys time by delaying PFI decision
Chancellor postpones putting PFI assets on government books by a year
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Engineer RWG sold for £10.1m
RPS Group to incorporate engineering consultant into its UK business
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NewsTaylor Wimpey falls from FTSE 100
Housebuilder follows Barratt from top table of investment market amid nerves over property slowdown
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NewsCommercial property investment nosedives in UK
Investment in the second half of last year fell by €10.7bn according to report by CB Richard Ellis
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NewsT&T insists it will still float
Despite shelving plans to list last month consultant says it will float on Stock Exchange
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Gibbs & Dandy 2007 profits leap to £4.5m
Sales also healthy last year for builders merchant and rising further in 2008 so far
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NewsCostain back in the black
Contractor converts £61.7m loss into £19.8m pre-tax profit and delivers first dividend in 17 years
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NewsInterserve posts 23% turnover jump to £1.7bn
Profit rise thanks to integration of facilities services group Maclellan
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NewsISG reports 43% profit rise
Firm posts £5.8m profit despite poor performance in fit-out division