Finance News – Page 304
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NewsFormer finance boss takes Bovis to tribunal over bonus
Contractor’s personnel problems continue as date for hearing is set in Andrew Silverbeck case
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NewsBarratt to close nine divisions and cut 400 jobs
Housebuilder follows £2.2bn acquisition of Wilson Bowden with round of office closures
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NewsThe butterfly effect
Company focus A rebranded Erinaceous is attracting buyer interest despite fraud investigation
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McCarthy & Stone eyes care homes
Retirement housing specialist McCarthy & Stone is planning to expand into the construction of nursing homes in response to pressure from its new owners to grow the business.
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NewsSharewatch — Alfred McAlpine falls again in wake of slate scandal
Alfred McAlpine’s shares continued to fall last week after the announcement that fraud in the slate division had cost the contractor £56m before tax. McAlpine’s shares dropped 8.7% to 460p over the week, making it the industry’s biggest casualty.
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Foster joins construction bigshots on Rich List
Architect Norman Foster is a new entry in this year’s Sunday Times Rich List, coming in at 249th with £295m.
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Connaught plans more growth
Mark Davies, the chief executive of property services provider Connaught, said the company will continue to grow its asset management business, following a 37% rise in pre-tax profit.
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Skanska UK reports 45% rise in turnover
Skanska UK has reported a 45% rise in turnover in the first quarter of 2007.
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NewsRok buys SOL Construction for £21m
Contractors expands into Midands with acquisition of building and maintenance firm
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NewsTaylor Woodrow warns City of £25m US hit
Firm suspends sales in high-rise Florida tower division until market improves
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NewsWSP sets its sights abroad
Consultant will target international acquisitions this year to supplement existing services
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Capita has £434m start to 2007
Contract wins with Swindon Borough Council and Countrywide Assured highlighted at AGM
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NewsSainsbury's investors denied property portfolio cash
Shareholders express disapointment that anticipated property business does not materialise
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NewsConnaught reports 37% rise in interim profits
Social housing and compliance divisions spur growth for property services firm
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NewsCooper voices concern over housebuilding mergers
As government raises fears, speculation grows that Persimmon will hijack Taylor Wimpey deal
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Berkeley shareholders back £1bn joint venture
The Berkeley Group’s shareholders have given the housebuilder approval to form three joint ventures worth £1bn with its biggest investor, Saudi Arabian firm Saad Investments.
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WSP poaches two Currie & Brown
International consultant WSP has poached two directors from Currie & Brown to head a PPP and project finance division.
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Waterman set to establish nuclear division
Engineering consultant Waterman Group is developing plans for a nuclear division in anticipation of the government ordering a new generation of nuclear power stations.
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NewsHBG profit soars 73% on the back of schools work
Contractor bases success on Building Schools for the Future and healthcare projects in Wales
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Spanish housing slump hits construction shares
Rising interest rates and fears of overbuilding sees Spanish developers lose up to 65% of their share value