More news – Page 3302
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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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Metronet set to axe 490 staff
Metronet, the PPP London Underground consortium that includes Atkins and Balfour Beatty, is to make almost 300 of its full-time staff redundant
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CSCS in row with CITB over smartcard plan
CITB–ConstructionSkills and CSCS are in a contractual stand-off over the introduction of smart card technology to the industry’s skills card scheme.
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NewsCounting the cost
It is not yet known to what extent Monday’s fire at the Cutty Sark in Greenwich, south-east London will set back the 19th century ship’s £25m restoration.
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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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NewsFlat of the land
Land Securities is releasing the second phase of its Princesshay apartment scheme in Exeter.
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Homes warning
A Sustainable Development Commission report has found that the rush to build 200,000 units a year is leading to poorly designed homes, with too few transport links, parks and community centres.
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Buy-to-let boom
Fears that borrowing costs might deter buy-to-let investors lack substance, a survey by Paragon Mortgages has claimed.
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Persimmon buy
Persimmon Homes has bought a two-acre site at Navenby, near Peterborough, in Lincolnshire.
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Lovell regeneration
Lovell has started on site on the second phase of a £170m regeneration programme at Camp Hill, Nuneaton, Warwickshire.
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Room at the top
Sarah Webb has been appointed chief executive of the Chartered Institute of Housing (CIH).
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Demand slackens
The rise in mortgage lending slackened slightly in April, according to figures from the British Bankers Association.
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Fewer PFI deals
PFI construction is projected to decline from £8.6bn last year to £3.9bn in 2011 with fewer but larger deals, says a report by research company Market and Business Development.
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British Land buoyant
British Land has reported a 13% rise in underlying pre-tax profit to £257m in full-year results.
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Growth in China
Consultant EC Harris has appointed Simon Baxter to head its mainland China arm, as part of growth across property asset sectors.
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Healthy Mitie results
Engineering and support services group Mitie has reported a 12% rise in pre-tax profit to £57m for the year ended 31 March.
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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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Speedy Hire profit up
Tool hire company Speedy Hire has reported an 18.6% rise in pre-tax profit to £36m for the year ended 31 March 2007.
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Rogers City tower
British Land has confirmed it will press ahead with construction of Richard Rogers’ 47-storey Leadenhall Building in the City.