Finance News – Page 288
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NewsAlfred McAlpine sells Welsh slate business for £31m
Rigcycle has paid £6.2m to support services group for loss-making business and will make final payments next year
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NewsBovis pulls out of Bristol hospital bid
Withdraw from bid of Bovis-led Catalyst Consortium leads Carillion and Skanska as remaining bidders
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NewsKier consortium picked for Kent BSF
Kent council names consortium led by Kier as preferred bidder for its £500m school rebuilding programme
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NewsKingspan warns of challenging 2008
Products supplier reports strong growth in 2007 but warns of uncertain times ahead
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NewsPrice of new homes on the rise
Research by SmartNewHomes shows 0.8% rise in value in November, bucking the trend across the housing market
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NewsSMC turns to shareholders to raise cash
Troubled architect plans to raise £13.3m through an 8p a share offer to existing shareholders
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NewsSchools overburdened by BSF programme
First annual evaluation of school rebuilding programme shows head teachers feel under financial pressure
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NewsHIPs blamed for house price slump
First time sellers are put off by cost of HIPs, contributing the fall in asking prices this month
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Commercial activity drops as credit crunch takes toll
Development work fell 10.3% last month – the first drop in 4.5 years in the commercial area
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Shepherd reports 220% profit hike on back of PFI sale
Shepherd Construction has reported a 220% rise in profit for this year after the sale of a PFI equity investment, even though turnover fell 7%.
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NewsT&T becomes third QS to float on stock market
Surprise £200m flotation is intended to fight staff crisis in sector and raise acquisition funds
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CBI slams public sector procurement
CBI survey shows companies blame procuring authorities for rising costs and delays
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Commercial development activity drops to four-year low
Savills report shows sharpest decline in rates in November was in South-east
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NewsSilverdell posts £2.2m profit
First set of results since listing on Alternative Investment Market sees Asbestos specialist generate £38.5m turnover
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Acquisitions help boost Scott Wilson profit by 35%
Multidisciplinary consultant says it is on track to market expectations for full financial year
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NewsWSP revenue ahead of forecast
Consultant says acqusitions and strong organic growth will push 2007 revenue growth over 15%
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Bouygues snaps up Warings
French contractor makes first major UK acquisition in deal that will double its UK turnover
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NewsCarillion secures £572m takeover of Alfred McAlpine
Carillion says the combined £4.7bn business will make £30m cost savings by end of next year
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NewsProfit rises 11% at defiant Berkeley
Housebuilder says the fundamentals in its main markets in London and the South East remain strong
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NewsLend Lease in merger talks with Mirvac
The parent of Bovis Lend Lease is in talks with Australian property company Mirvac