Finance News – Page 285
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Latest figures show suddenness of housing market fall
Housing tracker … but Weston Homes and Bellway made most hay when the sun shone
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More housebuilders cut payment to subbies
Nicholas King and Persimmon have become the latest housebuilders to cut payments to their supply chain
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Deutsche Bahn buys Laing Rail
German company will take over owner of Chiltern Railways after deal is officially approved
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Land Sec shares rise after strong third quarter
Land Securities shares lift 3% as property company reveals net profit on property sales of £17.7m
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RSK buys Building Sciences
Environmental consultancy continues acquistion drive into 2008 as it snaps up Stuart Borland's building envelope consultant
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Construction stocks rally in early morning trading
Contractors' and housebuilders stocks recover following yesterday's Stock Market plummet
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Laing O’Rourke soars after £1.8bn Heathrow deal
Business barometer £1.8bn East Terminal coup raises contractor to overall number-two spot
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QS sector hungry for deals
Consolidation in the consultancy sector looked set to accelerate this week with the promise of more acquisitions by two prominent players.
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Balfour shrugs off Metronet debacle
Balfour Beatty has issued a bullish trading statement for 2007 that is at the “top end of current expectations”.
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Sir Robert McAlpine axed from two major schemes
Developers try to reduce costs on £100m Oxford Street and £140m Newport projects
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Pakistan turmoil hits Mott MacDonald
Planning work on Mott MacDonald’s £245m Karachi Port Tower in Pakistan has been hit by political unrest in the country.
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BAA picks nine contractors for £9.5bn framework
Work may include Heathrow and Stansted terminals Firms could recruit axed BAA staff
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ODA makes U-turn over payments to specialists
Olympic construction director says project bank accounts ‘not appropriate’ for large schemes
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Government ‘faces £8bn bill’ unless inflation is tamed
ICE State of the Nation report calls for independent commission to plan infrastructure work
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OGC starts payment charter review
The Office of Government Commerce has asked Rider Levett Bucknall to review payment practices so it can monitor the impact of its Fair Payment Charter.
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PFI report says public sector is paying too much for repairs
National Audit Office calls for QSs to oversee costs of operating PFI projects after exposing wide variations in charges
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Barratt completions dive 15%
Housebuilder says tough market conditions and lower buy-to-let activity is to blame for 1567 fewer completions in last six months of 2007
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Tribal trading on track
Confident consultant says it already has 40% of its planned revenue for 2008
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Construction inflation could add £8bn to public infrastructure costs
ICE State of the Nation calls for formation of infrastructure commission to help ensure certainty of future workloads
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Gleeson's former contracting arm reveals bullish growth plans
Business now known as GB Building Solutions plans 25% growth this year