More news – Page 3252
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CommentMissing you
This week we’ve gathered together everyone that wasn’t there, from very small politicians to very big businessmen, and launched an investigation into Albanian movies and Ray O’Rourke’s stationery
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FeaturesWho are these masked men?
Anyone who follows corporate action in housebuilding will have noticed some mysterious strangers riding into town. Sarah Richardson finds out who they are – and where they might strike next
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Features
Up and at 'em
In its latest survey of the construction industry, Experian Business Strategies shows the industry’s confidence to be at an all-time high, with the non-residential sector the strongest
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Building intelligence Q1 2007: Keeping busy
From public housing to the commercial sector, new work continued to keep people occupied over the past year, driving a 3% rise in construction output. Experian Business Strategies reports
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News
Cyril Sweett reports 7% profit rise in wake of flotation news
Consultant Cyril Sweett has reported a 7% rise in profit in the first set of accounts to be published since it announced that it intended to float on the alternative investment market (AIM).
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Holloway White Allom looks at options as it plans expansion
Niche contractor Holloway White Allom, formerly part of the John Laing Group, is carrying out a strategic review that may lead to a sale or a flotation on the alternative investment market.
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HBOS considers Quintain bid
The banking group HBOS confirmed this week that it is considering making a bid for developer Quintain, which is valued at about £1.2bn.
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Mergers and acquisitions will prove profitable for industry
The wave of mergers and acquisitions in the construction industry could lead to a step change in the sector’s profitability, according to Pricewaterhouse Coopers (PwC).
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Wolseley in the US
Materials producer Wolseley has blamed the continuing slump in the US housing market for a 17% drop in pre-tax profit in North America over the past 11 months.
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Derwent sell off
Derwent London has sold £175m of property it acquired in its merger with London Merchant Securities in February.
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Scott Wilson bullish
Operating profit at quoted consultant engineer Scott Wilson rose 55% in the year up to 29 April 2007, from £10.5m to £16.3m.
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Land Secs statement
Developer Land Securities has issued an upbeat trading statement for the first quarter of 2007.
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Low & Bonar profit up
Materials group Low & Bonar has reported a 97% rise in pre-tax profit to £5.7m for the six months to 31 May 2007.
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Comeback for council housing
The government will unveil a series of pilot council house building projects next week.
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HBF prepares alternatives to PGS
The Home Builders Federation is working on alternatives to the planning gain supplement (PGS), after Gordon Brown last week challenged the industry to present him with a better way to fund infrastructure.
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East of England falls 63% short of affordable housing target
Just one in six of the homes being developed in the east of England, a housing hotspot, is affordable, according to figures released by the regional assembly.
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NewsA Poplar decision
Architect Stock Woolstencroft has won permission for 157 flats in east London.