Finance News – Page 286
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News
Irish construction activity at seven year low
Report by Ulster Bank shows activity in December dropped 15% from previous month
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NewsTaylor Wimpey warns of 'subdued start' to spring selling season
Housebuilder will meet forecasts for 2007 but reveals 20% fall in value of orders
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NewsGalliford Try trading on track despite housing exposure
Analyst describers contractor's performance as solid despite exposure to housing market following Linden Homes buy
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NewsTaylor Wimpey's construction arm not for sale says Redfern
Taylor Wimpey boss says company can weather current turbulence in housing market without selling construction division
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NewsCrossrail to appoint four board members
Cross London Rail Links is looking for four non-executive directors at add to its board
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NewsBalfour Beatty issues strong trading update
Contractor predicts results at 'top end of current expectations', and says losses in Metronet will make minimal impact
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NewsErinaceous considers sale of insurance arm
Property services group says it has been approached by potential buyers for Erinaceous Insurance Services
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Vinci confirms Welsh acquisition
Contractor seals deal to buy Cardiff-based Stradfrom for undisclosed sum
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Gammon scoops £320m Hong Kong contract
Contractor, half owned by Balfour Beatty, to build government complex by 2011
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Bovis Homes' reservations down 19%
Housebuilder becomes latest to issue gloomy forecast for 2008, predicting 29% drop in pre-tax profit
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NewsInterserve boasts 'very strong' trading in 2007
Forecast is for £66m pre-tax profit and £1.74bn turnover for last year, ahead of releasing full-year results in March
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NewsMiller dispute drags on amid downturn in housing market
Chief executive attacks ‘poor timing’ of rebel shareholders as reservations slump 30%
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News
Job loss fears as Vinci prepares to buy contractor in Wales
Staff at the Bristol office of regional contractor Stradform are said to be concerned for their jobs amid speculation that Vinci is poised to buy it.
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NewsConstruction industry is ‘on brink of recession’, says report
The Construction Products Association and Experian have downgraded growth in output this year to 1.1%. The CPA has also warned that this is ‘vulnerable to significant downside risks’
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NewsNG Bailey continues to diversify
NG Bailey has continued to steer away from traditional M&E contracting by purchasing S2S, an IT infrastructure security business.
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NewsConstruction firms ‘will take credit crunch hit’ in 2008
Insolvencies tipped to increase in building firms this year, say reports into trading prospects
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News
Carillion sets February date for Alfred McAlpine takeover
Alfred McAlpine will officially become part of Carillion on 12 February if the £572m takeover proceeds as planned.
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News
Fusion strengthens position in UK market
Irish steel frame building group Fusion Building Systems has bought Framing Solutions to create a new £30m-turnover company.
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NewsOcon boss aims to double turnover to £195m
Ocon Construction, a Manchester contractor, has appointed a managing director to more than double turnover at the group over the next five years.
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NewsInterest rates held at 5.5%
The Bank of England offers no short term relief for housebuilders suffering from the effects of the market slowdown