News roundup: 23 February
09:27 23 Feb 2007
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Hanson
Both the Daily Mail and The Financial Times report on Hanson’s end of year results and the fact that it has a £300m acquisition war chest as it looks to branch into new markets this year. The firm reported a 15% increase in operating profit.
Multiplex
The Financial Times reports on Multiplex’s results which show that the firm has returned to profit. Multiplex also stated that the completion of its £757m Wembley Stadium project was “imminent”.
Academies
The Guardian reports that Prime Minister Tony Blair’s £5bn academy programme has come under fresh criticism from the government’s spending watchdog the National Audit Office. The report claims that most of the £25m projects overrun their budgets by an average of £3m.