More news – Page 2418
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Demolition firm Brown and Mason hit by 50% slump in profit
Turnover and profit have fallen heavily at demolition firm Brown and Mason for the year ended 30 April 2009
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T Clarke bullish
M&E contractor T Clarke said it would beat its expected earnings in its final year results,expected in March
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McInerney struggles
Irish housebuilder McInerney Holdings has announced that it completed just 756 homes in the UK and Ireland in 2009, compared with 1,359 units the previous year.
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Mitie’s ‘good start’
Outsourcing specialist Mitie is confident it will hit expectations for full year results
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Bovis refinancing deal
Bovis Homes has signed a four-year £150m deal to replace its previous debt facility
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EAGA’s 15% growth
EAGA, the green support services firm, has announced a 15.3% rise in turnover to £391.5m and a 10.3% jump in pre-tax profit to £23.9m for the six months to 30 November 2009.
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Lakehouse doubles pre-tax profit to £2m
Social housing specialist Lakehouse more than doubled pre-tax profit in 2009 and is hunting for acquisitions
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Skanska relief at £1bn school win
Skanska has been chosen as preferred bidder for the £1bn Essex Building Schools for the Future programme
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Capita swoops on Inventures
Capita Symonds has bought £7m-turnover healthcare specialist consultancy Inventures
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NewsWaltzing in
AEG Europe and architect Lifschutz Davidson Sandilands have submitted proposals to Greenwich council for a 450-bed hotel with a triple-height reception pavilion next to the O2 dome
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Countryside loss hits £54m as details of debt deal emerge
Turnover crashes by half as housebuilder is hit by falling market and exposure to mixed-tenure schemes
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Citywatch: Nobody is indispensable (except Mark)
Shares in Connaught were showing no sign of recovery early this week after last Friday’s shock announcement that chief executive Mark Davies would part ways with the social housing specialist in August
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CommentGovernment burglars
As Brian Green points out in his column on drumming up work, the government has pretty much kept the industry in business during the recession
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NewsRay of light: Adams Kara Taylor's Malawi academy
Structural engineer Adams Kara Taylor has collaborated with an international team including Arup to design and build the £9.2m Raising Malawi Academy for Girls
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Balfour’s £1.9m buy
Balfour Beatty has acquired Multibuild Hotels and Leisure and Multibuild Interiors in a deal worth £1.9m
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Lovell’s £22m deal
Affordable housebuilder Lovell has won its first contract, worth £22m, through its framework with River Clyde Homes. It has started work on 195 homes at three sites in Port Glasgow in Inverclyde.
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£100m Home loan
Barclays bank has loaned Waterloo Housing Group £100m to build 3,000 homes in the Midlands over three years. Waterloo was formed 15 months ago from the Eastern Shires Housing Group and Waterloo Housing Association.
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Bowkett’s double shift
McCarthy & Stone has appointed Alan Bowkett chairman a week after fellow housebuilder Gladedale hired him for the same non-executive role. Bowkett has a reputation for turning round struggling firms.