Finance News – Page 309
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News
Stock market slump wipes millions off industry share values
Record profits and upbeat forecasts have not been enough to protect construction companies from the stock market slump that has affected share prices around the world.
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News
Carillion profit rises 48%
There were mixed fortunes at UK contractors this week as Carillion and Balfour Beatty posted full-year results.
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NewsMultiplex wins dispute with Honeywell
High Court ruling means Multiplex could claim liquidated damages
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NewsColeman reveals two-year recovery plan for Bovis
Chief executive outlines strategy to deal with contractor’s £48m writedown and regime change
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NewsJohn Sisk looks to take stakes in PFI projects
Contractor plans to double profit with PFI investments and property development
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News
Lafarge sales rise 17% in ‘year of transformation’
French materials group Lafarge posted a 17% rise in turnover to *14.5bn (£9.8bn) for the year to 31 December.
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News
WYG considers acquisition after 28% rise in profit
White Young Green (WYG) is likely to make another acquisition this year following its report of a 28% rise in interim pre-tax profit.
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NewsBarratt builds on higher selling prices to increase profit by 10%
An increase in completions and more cost efficiencies help push half year profit at housebuilder to £180.2m
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Pochin profit falls 40%
Deferral of construction projects hits half year results but £81m forward book gives regional contractor confidence for 2007
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NewsPurvis steps down at WYG as profit grows 28%
White Young Green said organic growth and acquisitions contributed to healthy half-year results
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News
McInerney acquires housebuilder Lancing for £16.5m
Irish housebuilder buys Newcastle-based business and posts a 16% rise in 2006 profit
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NewsAlfred McAlpine hit by £24m hole in slate accounts
Shares plunge 16% as firm suspends two managers amid probe into financial irregularity at slate business
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NewsTaywood’s new broom plans sweeping changes
Chief executive Ian Smith sets out a complete overhaul of group’s business strategy
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NewsFoster + Partners’ estimated price falls to £300m
Concern about continuing involvement of Lord Foster knocks up to £200 from likely price
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NewsHadid enjoys record results as profit soars 320%
Architect’s profit passes £1m for the first time, while turnover rises to £9.6m
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NewsHodder set for limited status
Stephen Hodder, the first winner of the Stirling Prize, is to turn his practice into a limited company, and his wife Claire is likely to become managing director.
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News
50 firms line up for Amec sale
About 50 companies have expressed an interest in buying all or some of Amec’s built environment business.
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NewsHanson weathers US housing slowdown as profit rises 12%
Strong perfomance in other US sectors boost profit at London-based materials group to £481m
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NewsUS housing downturn hammers George Wimpey
Housebuilder profit falls 15% after weakness in US housing results in £60m write down