All Finance articles – Page 307
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News
Cyril Sweett plans acquisitions after AIM listing
Dean Webster, Cyril Sweett’s chief executive, said this week that the company’s proposed flotation on the alternative investment market (AIM) would put it on a “level playing field” with larger consultants in the fight for acquisitions.
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NewsMears buys Britannia Care for £1.1m
Following its purchase of Careforce for £22m in March, Mears acquires its second care services provider of the year
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Profit up 36% at rental firm VP
VP is underpinned by solid construction-related growth and buoyant oil, gas and water markets
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Amec sells Canadian pipelines business for £11m
Panama-based Willbros Group buys Midwest Pipelines as Amec continues to sell non-core businesses
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NewsBalfour Beatty hits £550m jackpot in US
Recent contracts wins in America include a New Hampshire prison, army accommodation, a casino and a hurricane resistant tower in Florida
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NewsMorgan Sindall buys Amec's ailing construction business
Contractor spends £26m on Amec's regeneration and construction arms and will integrate the 2800-strong building division into its own business
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NewsBalfour Beatty wins £140m Islington schools contract
Contractor gains preferred bidder status on the London council's Building Schools for the Future programme
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ISG buys Commtech Asia for £1.2m
Interior Services Group acquires technical consultancy firm Commtech Asia as part of expansion strategy
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NewsMcBains Cooper regroups for regional growth push
Consultant forms three divisional boards and announces revamp of northern arm
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Change at Wolseley
Wolseley has announced that the chief executive of its US building materials business, Fenton Hord, will retire from the board on 31 July.
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NewsCurrie & Brown loses BSF head
Consultant Currie & Brown is to lose its Building Schools for the Future (BSF) head in the third director-level departure from its PFI team in a month.
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Accounts reveal scale of problems at Wembley subcontractor
Pre-tax profit at Wembley M&E contractor Phoenix Electrical fell 60% in 2006, its penultimate year on the stadium, according to figures published this week.
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Renew’s profit leaps 72%
Renew, the contractor formerly named Montpellier, has reported a 72% rise in interim profit after a restructuring.
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Erinaceous jumps 7% after Tchenguiz approach
Erinaceous saw its share price climb 7% this week as a takeover approach from Vincent Tchenguiz, brother of the Iranian millionaire Robert, signalled a potential bidding war over the property services company.
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NewsSpeedy Hire profit jumps 18%
Health and safety laws and supply chain improvements are boosting business says chairman
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NewsRenew reveals 72% rise in interim profits
Restructured business brings strong results for new specialist building and specialist engineering divisions
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NewsSteve Morgan buys Wolves but Sir Jack becomes life president
Sir Jack Hayward will remain life president of Wolverhampton Wanderers despite selling club to Redrow founder Steve Morgan
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NewsMitie report 12% rise in pre-tax profit
Turnover up 30.3% to £1.3bn with solid growth in engineering, facilities and property services
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NewsUnclaimed assets to fund 700 new community centres
Gordon Brown set to announce that unclaimed assets worth £300m will be reinvested in new youth and art centres
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NewsSainsbury's report 42% rise in pre-tax profits
Half of supermarket's £8.6bn property portfolio will be refurbished over the next three years