Finance News – Page 283
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News
Terrace Hill's pre-tax profit falls
Property group says profit fell from £25.8m to £18.1m, but it remains confident for the long term
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NewsMorgan Sindall hits £2bn turnover
Aquisition of Amec businesses helped acccount for half of contractor's growth of 41%
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NewsBouygues holds talks with second target firm in UK
French company said to be negotiating with a £100m-plus turnover contractor
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NewsF+A buys airports QS for £1m
Franklin + Andrews, Mott MacDonald’s quantity surveying arm, has bought QS Needlemans for an estimated £1m in shares.
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Skanska profit hit by problem jobs
Skanska will change its risk policy in the UK after three problematic PFI projects hit its bottom line in 2007.
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City sources put cost of delayed T&T flotation at £1m
Turner & Townsend’s shelved flotation cost the consultant £1m, City sources say.
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NewsSharewatch — Analysts lost for words as ‘yo-yo effect’ causes havoc
Yet another week of share price volatility saw analysts struggling to find fresh ways to describe the market.
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NewsMears digs out £10m contract win with Mole Valley
Housing services business wins five-year deal with Mole Valley Housing Association
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NewsAtkins on track as performance in core sectors remains robust
Only blip for Atkins is poor performance of management consultancy arm which had poor start to 2008
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NewsCommercial construction activity falls again
Savills finds that 23% of commercial developers reported a sharp decline in activity in January
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NewsBalfour Beatty snaps up US military business for £180m
Services group buys GMH Communities Trust which specialises in accommodation for the American armed services
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NewsCarillion completes takeover of Alfred McAlpine
Deal sealed this morning following OFT's green light for aquisition on Friday
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NewsKier sells Hairmyres hospital PFI stake for £13.8m
Contractor says deal will contribute £16m to 2008 profit
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NewsOFT approves Carillion's takover of Alfred McAlpine
Competition authority says £572m deal can go ahead, allowing Alfred McAlpine to officially be part of Carillion on 12 February
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NewsVinci wields the axe after £7m Stradform takeover
Numerous departures feared as French contractor closes Bristol office and makes 10 redundant
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NewsMiller rebels capitulate after failing to reach 75% goal
Two-month row at construction firm ends with deal to sell shares on family’s internal market
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Contractors workload to last until 2011 …
The credit crunch will not hit building tender prices for another three years, according to EC Harris.
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NewsSharewatch Going haywire
The market was still unable to decide what to do with itself this week – perhaps not surprising ahead of results season.
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Vinci impresses the City
French construction company Vinci has reported a 17% jump in turnover to *30.4bn (£22.7bn) for the year ended 31 December.
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… but confidence takes a hit as growth in output slows
Growth in the construction industry slowed to its lowest level for 16 months in January.