All articles by Tom Bill – Page 27
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NewsBarratt says it will not breach lending covenants
But housebuilder admits more writedowns will be needed after further dip in market
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NewsMortgage lending up slightly in October
Gross lending up 7% on September but still 44% down on a year ago
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NewsHalf-year profit down 30% at Norcros
Materials firm hit by weak building markets and high energy costs
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NewsGleeson cuts more jobs after £9.6m writedown
Regeneration company will move head office from Hampshire to Sheffield in bid to cut costs
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NewsBritish Land reports 11% fall in portfolio value
Net asset value per share down 22% but underlying pre-tax profit up slightly in tough conditions
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NewsStrong regional trading boosts T Clarke results
Engineer and contractor says 2008 results will exceed market expectations, with balance sheet strong
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Plant firm Garic sold for £20m to Bibby
Investment group acquires entire share capital of £12m-turnover firm
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Costain seals £40m deal for Bradford schools
Contractor will build three new schools in JV with Ferrovial Agroman
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North Midland confirms turnover will be down
Downturn will keep 2008 figures below last year's but still in line with revised forecasts
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NewsHaden Building Management rebrands as Balfour Beatty WorkPlace
New name forms part of plans to more than double the company's turnover within five years
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Morgan Sindall and Rok the latest to slash jobs
Morgan Ashurst division expected to lose at least 30 staff. Rok redundancies reach 750
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NewsRedrow defends £216,000 payout for four bosses
Housebuilder says ‘strict performance criteria’ were met, despite £194m loss and 550 redundancies
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NewsNo refinance deal yet for Taylor Wimpey
Talks over debt refinancing are progressing, says senior source, but deal won't be announced in next week's trading update
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NewsRedrow admits outlook for next year 'very weak'
Housebuilder's trading statement warns of poor expected performance for 2009
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NewsConstruction shares fall 4%
Market mood worsened by production figures from US and weak construction output data in UK
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NewsBalfour Beatty boosted by strong infrastructure growth
Robust performance over last four months thanks to strength in infrastructure but development market slows
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NewsMagellan Residential goes into administration
Yorkshire housebuilder will attempt to sell business and ongoing or completed sites
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NewsCredit crunch spreads to medium-sized housebuilders
£254m-turnover David McLean is pushed under by £100m debts, joining £131m-turnover Taggart
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NewsPidgley and Ronson blame banks for housebuilder debt
Chief executives warn recovery may take years following ‘greed driven’ culture of excessive lending
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NewsNew construction body calls for public spending boost
The new CBI Construction Council says government should accelerate spending in areas such as Olympics and BSF during the downturn