Finance News – Page 299
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Davis Langdon merges Scottish arm with rival
Davis Langdon’s Scottish operation has merged with regional consultancy Mackenzie Partnership to create a business with a combined turnover of £11m.
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Amec plans to double size with ‘significant acquisition’
Amec is understood to be planning a significant acquisition in the energy sector after selling off its built environment assets.
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NewsBalfour Beatty announces three acquisitions for £9m
Firm buys rail, professional and technical services and road management firm
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NewsAlfred McAlpine puts PFI and slate businesses on sale
Company also makes plans to restructure into two separately companies
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NewsHanson hit by US housing slump
Materials group reports 6% fall in profit to £181m as turnover rises 2% to £2.04bn
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NewsTravis Perkins profit up 17%
Company results are boosted by expansion of branch networks as pre-tax profit rises to £128m
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NewsWSP buys Fitzwalter Group for £1.9m
Australian enivornmental project manager is the latest southern hemisphere business to be bought by WSP
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NewsTaylor Wimpey weathers US housing storm
Newly merged housebuilder reports large writedown in the US but says integration will result in £100m cost savings
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Owens Corning buys Saint-Gobain business unit for £315m
The reinforcements and composites business being acquired had a turnover of £480.8m in 2006
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NewsSpeedy Hire snaps up Waterford Hire Services
Tool and equipment hire firm extends presence in Ireland with £4.4m acquisition
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NewsCarillion goes to court over scrapped £1.2bn deal
Contractor sues Bradford council for £40m over contract – and others may follow suit if it wins
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NewsRising profits dwarfed by hikes in top directors’ pay
Salaries of the top earners rise by 179%, compared with 69% increase in companies’ revenue
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Capita reports 18% profit rise
Capita Group announces 17% turnover rise in first half and £1.15bn of new contracts
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NewsMultiplex backs Brookfield buyout
Directors recomends £1.82bn takeover for Wembley contractor by Canadian asset management group
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Leicester hospitals PFI scheme scrapped
NHS Trust refuses to develop hospital services at three sites
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Hennellys debt topped 1m
Labour supplier Hennelly’s, which went into administration earlier this month, owed more than £1m to creditors when it collapsed.
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NewsJohn Laing to sell train operation
Chiltern Railways is among train interests being put up for sale as PFI specialist undergoes major restructure
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NewsMetronet goes into administration
Ownership transfers from stakeholders including Atkins and Balour Beatty to administrator Ernst and Young
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NewsHBOS considers Quintain takeover
Private equity firm evaluates options including an offer for Wembley Arena owner
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NewsWolseley warns of continued US housing market downturn
The building giant's trading statement reveals pre-tax profits for American operations have fallen further