More news – Page 3152
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Vinci UK announces 5% margins – but not for long
Vinci UK has said profit margins will fall in 2009 as a result of the credit crunch.
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NewsSharewatch — Market meltdown hits materials companies
Building materials groups proved that they too were at the mercy of the downturn this week. In a busy reporting period, most stocks headed south.
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Lorne Stewart to move into Middle East to double turnover
M&E services group Lorne Stewart will move into the Middle East to help double turnover to £500m by 2012.
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Wolseley profit plunge
The US housing slump pushed Wolseley’s profit down 73% to £79m in the six months to 31 January 2008.
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Shaylors purchase
Midlands contractor Shaylor has bought £13m-turnover refurbishment firm John Davies Interiors for an estimated £4m.
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Lovejoy bought
Capita Symonds has bought £6.5m-turnover planning consultant Lovejoy for an estimated £2.5m.
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SIGs profit boost
Insulation and roofing specialist SIG posted a 29% jump in pre-tax profit to £140.1m for 2007.
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Pavestone taken over
Irish building supplier CRH has bought Texas-based Pavestone Group for £269m, including debt. Pavestone employs 1,300 people and turned over £182m in 2007.
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Gibbs profit rises
Builders merchant Gibbs and Dandy has reported a 11% rise in pre-tax profit to £4.5m in 2007.
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NewsHousing stats: New-build sales and completions in February 2008
This month’s data shows that sales and registrations are substantially down on this time last year
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Developers on bargain hunt for cheap land
One raises £50m to exploit market downturn in residential sites
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‘Zero carbon’ to be defined by end of year
The industry has welcomed the promise in last week’s Budget to define what “zero-carbon housing” actually means.
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NewsA healthy return
Grangefield Estates has submitted these plans for a “health mall” in Manchester city centre.
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Bradford to build Alsop’s pool
Bradford's regeneration agency is to push ahead with plans to create a “mirror pool” at the centre of the city, despite losing a bid for £20m in lottery funding to build it last autumn.
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Urban Splash scores in Scotland
Regeneration developer Urban Splash has been chosen by Irvine Bay Urban Regeneration Company in Scotland to build a £70m mixed-use scheme at Irvine harbourside in Ayrshire.
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NewsEvan Hayes' postcard from Ireland
Despite some major globe trotting, the T&T cost consultant thinks Dublin’s the place to be
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NewsBalfour Beatty buys Dean & Dyball for £45m
Group bags another contractor as it looks to strengthen civil engineering presence in southern England