Finance News – Page 293
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NewsTfL makes offer for Metronet as Lezala departs
Metronet’s administrator Enrst & Young will consider bid next week as five senior managers leave Tube maintenance firm
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NewsSaint-Gobain upbeat despite 15% fall in US turnover
Low activity levels in America cast shadow over strong performance in first nine months
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Balfour bags £12m Cromer hospital
Mansell, part of Balfour Beatty, is expected to complete the hospital in Norfolk by 2010
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NewsTravelodge to pay public £25m to find sites
Budget hotel company will pay members of the public up to £150,000 each for tip-offs
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NewsMajor McAlpine shareholders back Carillion takeover bid
Aflred McAlpine expresses disappointment as financiers holding 15% of shares back Carillion’s £584m approach
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NewsMcCarthy & Stone takes former land buyer to court
Former employee accused of disclosing confidential information on potential sites to rivals
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NewsEC Harris to expand east in overseas profit drive
Consultant wants 60% of profit to come from international markets by 2011
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Housebuilding margins squeezed
Housing tracker Building’s new quarterly analysis shows effect of rising land and materials costs
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NewsBovis Homes buys Elite
The consolidation process in the housebuilding sector moved up another notch as Bovis Homes snapped up Merseyside housebuilder Elite Homes for almost £72m.
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McCarthy & Stone takes former land buyer to court
Former employee accused of disclosing confidential information on potential sites to rivals
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RICS reports profit gloom
The latest economic snapshot of the construction industry by the RICS has presented a bearish outlook for profit over the next 12 months.
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Northern Rock dents demand but Bellway is buoyant
John Watson, chief executive of housebuilder Bellway, played down fears of a market meltdown as it posted a 6.4% rise in pre-tax profit to £234.8m for the year ending 31 July 2007.
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Mouchel aims to double in size
Infrastructure services group Mouchel Parkman, which has reported an 82% rise in pre-tax profit for the year ending 31 July, plans to double in size over the next four years.
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NewsSharewatch — Housebuilders worth a punt as City loses nerve
After plunging to a year’s low last month, housebuilders are still struggling to break out of the mire as the Square Mile’s version of reality continues to haunt the sector.
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SMC takeover talks collapse
Troubled architect is without a bidder for the second time in as many weeks
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NewsBalfour Beatty buys Covion for £33m
Facilities business will be integrated into Balfour's FM arm Haden Building Management
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NewsWilliam Sapcote goes into administration
Cashflow problems hit company that's been run by the same family for six generations
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NewsAlfred McAlpine brushes off interest from Carillion
Alfred McAlpine says it has received two unwelcome bids from rival in just over two months
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NewsTop 250 consultants put on growth spurt
Building's annual league table reveals headcount is up by 18% and fees by 24% among the biggest construction consultants
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NewsMouchel Parkman rebrands as profit rises 82%
Consulting and business services group will now be known as Mouchel as HBS brand is dropped