All Finance articles – Page 212
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News
Wolseley’s European boss loses job in boardroom shake-up
Materials firm Wolseley has made its European chief executive redundant in a boardroom shake-up
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NewsBalfour Beatty closes in on Multibuild deal
About 60 Multibuild workers will be transferred to Balfour Beatty in an acquisition expected to be completed today
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NewsOFT victim Concentra bought out of administration
Owners sign deal to buy back £8m of contracts, but creditors may only recover 10% of £4m debt
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NewsBroadway Malyan hit by £809k of bad debt
Profits at architect Broadway Malyan have plunged 83% as a result of bad debt in the Middle East and redundancy costs
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Shepherd to cut turnover 40% over next two years
Contractor to restructure away from design-and-build work, and aims to reach £500m in three years
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Insolvencies rise 33% in 2009
Nearly 3,000 construction firms entered insolvency in 2009, according to figures from accountant Pricewaterhouse Coopers
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NewsBenfield Construction goes bust
Workers face redundancy as Benfield Group puts Midlands-based construction arm into liquidation
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NewsBovis Homes signs £150m banking deal
Four-year revolving credit facility with five-bank syndicate has improved terms thanks to strong balance sheet and housing upturn
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NewsVT Group reaffirms interest in Mouchel takeover deal
Support services firm believed to be watching closely for consultant's debt position to deteriorate
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NewsConstruction will be 'in recession till 2011'
Construction Skills Network forecasts marginal decline for 2010
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NewsMcInerney sees no respite from depressed housing market
Irish housebuilder cuts number of completed homes by half
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NewsEconomy exits recession, but only just
Government statistics show growth of 0.1% in last quarter of 2009, bringing 18-month recession to an end
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NewsCommercial property values rise in 2009
Retail and office sectors in London lead the rise in rents in final quarter of last year
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NewsUS construction spending falls for seventh month in a row
Data from US commerce department shows spending on residential and commercial projects continues to decline
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NewsPochin reports £3.1m half-year loss
Revenue falls to £47.5m as listed builder and developer forced to write down value of property joint ventures
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NewsWolseley axes European chief executive
Rob Marchbank will leave the company in March after Wolseley makes role redundant in management shake-up
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NewsVT given deadline for Mouchel bid
Takeover panel demands group decide whether to make an offer by 8 March after bid process goes quiet
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NewsDrivers Jonas to merge with Deloitte
Merger will create one of the largest real estate businesses in Europe
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News
Construction’s failure rate
Construction firms accounted for 21% of all businesses going into administration in 2009, according to accountancy firm Deloitte
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News
Wates has a happy Christmas with a flurry of contract wins
Business barometer Contractor takes the lion’s share of building work as Bam cashes in on civils