Finance News – Page 295
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Baqus to go ahead with AIM listing, despite credit crunch
Quantity surveyor Baqus has shrugged off fears that the global credit crunch will delay its flotation on the alternative investment market (AIM) in November.
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Carillion JV wins £175m Tyneside schools PPP
Local Education Partnership is preferred bidder on Schools for the Future PPP contract
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Erinaceous delays results because of emergency talks with lenders
Property firm's interim results, due out today, have been put back to the end of the week
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WYG profit jumps 21%
Consultant reports pre-tax profit rising to £13.4m on the back of strong trading conditions
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Financial crisis may stop office building boom
More evidence that market’s turmoil may lead to delays or cancellations, says CB Richard Ellis
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Buro Four director resigns
Geoff Heppell, a director of consulting engineer Buro Four, is leaving to take up a post with Warwickshire-based developer and consultant Pettifer Group.
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Costain seeks investment partner to finance PFI work
Andrew Wyllie, chief executive, looks for ‘strategic partnership’ after £3.3m loss in building arm
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Turner & Townsend regroups to increase global reach
QS splits international division into six to speed up decision-making and prepare for expansion
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Housing sector bullish as shares start to recover
Housebuilders played down the impact of the global credit squeeze on the industry after the Northern Rock crisis led to fears of a meltdown in the mortgage market.
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Confident Kier aims to buy housebuilder and property firm
John Dodds, Kier’s chief executive, this week predicted the UK construction boom would continue for “at least three years”, despite the present credit crunch, and said he was looking to buy a housebuilder and a property company.
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Pearce profit soars after return to basics
Bristol-based contractor Pearce Group recorded a fourfold profit increase after refocusing its business on core activities.
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Modus considers AIM flotation after management buyout
Fit-out and facilities management company Modus Group is considering floating on the alternative investment market (AIM) following a £16m management buyout.
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Keller sells social housing business to Mears
Sale of division is part of engineer's strategy of breaking up Makers refurbishment business
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Balfour Beatty seals £77m PFI hospital project in Manchester
Balfour's Consort Healthcare business will design and build an acute hospital under 34-year PFI concession
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Housebuilder shares begin recovery
Market reacts positively to Bank of England's stategy on reviving Northern Rock
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Northern Rock crisis sparks housebuilder share plunge
Consumer panic wipes £850m from market value, housing prices to drop
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CRH in talks to acquire up to £2.2bn of Cemex assets
Irish materials giant looking to further expand their current consolidation trend
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Rok acquire Aquilo building claims business for £2.1m
Aquilo Inspection and Reinstatement Services will be integrated into Rok's maintenance operations
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Costain in the black despite building division losses
Costain posts interim profit of £8m but construction arm records operating loss of £3.3m
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Skanska jumps 22 places to claim August top spot
Business barometer Commercial projects worth £170m propel contractor past Kier