All Finance articles – Page 241
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FeaturesGain and pain: the sting in the tail of Darling's Budget
Public spending on construction is about the only thing keeping the industry going, but the Budget made it clear that this will slow down, and another £1.5bn a year will have to be made in ‘efficiency savings’. The question is: how?
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NewsKier, ISG and Rok vie to snap up William Verry contracts
Banks poised to call in administrators as rival contractors manoeuvre to take over stalled jobs
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Citywatch: Because you’re worth it
Now the December year-end contractors have revealed what their bosses took home last year, we can take a snapshot of who earned what in 2008 and how good they were for their money
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Persimmon remains cautious despite positive start to year
Persimmon has said house prices and profit margins remain under pressure despite a promising start to 2009
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NewsMcCarthy & Stone boss predicts sale or flotation
The chief executive of retirement housebuilder McCarthy & Stone, has said the company will be floated or bought by private equity in the next few years
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Aukett issues profit warning
Architect Aukett Fitzroy Robinson has issued a profit warning after being hit by retrospective fee cuts in the Middle East
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NewsPanceltica faces takeover after Qatar housing debacle
Steel contractor may be taken over by developer and sole client after making £40m loss last year
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Number of firms in ‘critical financial distress’ leaps by 126%
The number of construction companies in critical financial distress increased 126% over the past year, according to corporate recovery specialist Begbies Traynor
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NewsRefinancing boosts Taylor Wimpey shares 9%
Report of £1.84bn loss for 2008 fails to dampen optimistic mood at housebuilder
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NewsGrafton Group turnover falls 32%
Materials supplier reports £420m fall in quarterly revenue amid fallling housebuilding and repair activity
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NewsKier and ISG weigh up bids for Verry
Half a dozen companies understood to be considering making an offer for £100m-turnover firm
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NewsNine construction firms going bust every day
Insolvencies expected to rise as data reveals number firms going under is 15% up from last year
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NewsBuilding firms in financial trouble up 126%
Corporate stress monitor shows North East hit hardest, with 149% annual rise in critical financial problems
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NewsCandy Brothers shoot up the Rich List
Developers leap 500 places after nearly tripling their fortune, while steel magnate Mittal retains top spot despite losing billions
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NewsMcCarthy & Stone completes refinancing
Retirement home builder on firmer footing after High Court approves debt-for-equity swap
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NewsBudget fails to lift gloom over growth of national debt
Industry welcomes measures to soften impact of downturn but fears dramatic cuts in the futureBy the Building newsdesk
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NewsProfit up 39% at social housing group Connaught
Social housing group Connaught boosted pre-tax profit by 39% from £9.7m to £13.5m in the year ended 28 February 2009
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NewsCarillion boss bags £608,000 bonus
John McDonough takes home total of £1.42m, dwarfing the £1m earned by Balfour chief Ian Tyler
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NewsWolseley shareholders buy 98% of £1bn rights issue
Building materials group will use cash to reduce net debt of £2.5bn
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NewsFreddie Mac finance chief found dead
Suicide the apparent cause of death as US lending giant remains under investigation for accounting methods