Finance News – Page 284
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News
Stock market turmoil forces T&T to postpone flotation
Turner & Townsend has shelved plans to float on the stock exchange after failing to achieve its £200m target valuation.
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NewsSkanska profit falls £2.6m
Contractor blames £2.6m profit drop in UK business on problems with three unnamed schemes
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British Land portfolio dives £1.3bn in property slump
Credit crunch reduces net asset values by 9% but property developer says worst could be over
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NewsBank of England cuts interest rates to 5.25%
Bank of England shaves another quarter point off interest rates despite fears over inflation
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NewsT&T halts plans to float on stock exchange
Consultant shelves plans after failing to achieve its £200m target valuation
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NewsBSF 'descending into chaos', say Tories
Government under attack after latest delays to school building programme, as report says reforms could save £250m
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NewsSiteserv set to buy Deborah Services for up to £48m
Deborah Services' directors recommend proposed takeover by Dublin-based Siteserv
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NewsBritish Land set to reveal £1.3bn fall in portfolio
Property giant is expected to reveal a 10% fall in assets when it reveals results on Thursday
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News
'Largest ever' PFI project cut by a third
MoD scraps one of two proposed training centres at the £15bn military academy in St Athan, Wales
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NewsMitie profit expected to hit £70m
Support services group forecasted to generate £1.4bn turnover in 2007/2008
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NewsBullish Mouchel predicts favourable outloook
Infrastructure consultant says it is trading in line with expectations
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NewsOakdene's share price drops by a third
Fall comes after housebuilder says pre-tax profit would be below expectations
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NewsRenew reports satisfactory first quarter
Specialist contractor and engineer says it will seek more acquisitions in 2008
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NewsWillmott buys ‘undervalued‘ Inspace back for £148m
Willmott Dixon boss says 32-month flotation failed to reflect social housing group’s real worth
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NewsSteve Morgan signs Redrow man for Bridgemere
Former head of David Wilson Homes takes over reins at property business
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News
Persimmon and Bovis tipped to beat slump
Persimmon and Bovis Homes are the housebuilders best placed to bounce back from the slump in the housing market, City analysts claim.
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News
40% of small builders report fall in enquiries
The credit squeeze has pushed client enquiries to their lowest levels since 2005, according to the Federation of Master Builders.
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NewsSharewatch — Crunch!
Monday saw the credit crunch draw blood as £77bn was wiped off the stock market.
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News
Sharp slide in profit at Wolseley with more bad news on the way
Pre-tax profit at Wolseley, the materials producer, fell by a third in the five months to the end of December as a result of the global credit crunch.
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News
RSK buys Building Service
Environmental consultant RSK Group has bought building envelope and testing specialist Building Sciences.