Taylor Wimpey courted by private equity firm TDR?
Posted: 10 November 2008Private equity firm TDR Capital is reported to be making overtures to Taylor Wimpey (TW) with a view to injecting cash – in exchange for a stake in the house builder’s shares.
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Kier reports construction 'strong', but house prices down 10%-15%
Posted: 10 November 2008Kier has reported that first quarter performance in its new financial year has been “in line with expectations.”
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United House enjoys profit margin hike to 8%
Posted: 07 November 2008United House (UH), the social housing specialist contractor, has enjoyed a four-fold jump in profit margin to more than 8%.
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Construction software group Coins makes over £2m profit
Posted: 07 November 2008Coins, the specialist construction IT software provider, has doubled its pre-tax profit to £2.3m.
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Galliford Try makes £50m write-down on housing landbank
Posted: 07 November 2008Galliford Try will write down £50m for its half-year results to 31 December 2008 because of the dwindling value of its landbank.
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Banks now refusing construction companies any new loans
Posted: 06 November 2008Contractors say that while lending banks are honouring existing loan agreements, no fresh lending is available.
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Taylor Wimpey to meet holders of its £450m Eurobond debt
Posted: 06 November 2008Taylor Wimpey (TW) has bit the bullet at last and conceded that it needs to talk to the holders of its publicly-traded Eurobonds which account for £450m of its total £1.7bn of debts.
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Contractor RG Coulter in receivership, 35 job losses
Posted: 06 November 2008County Down-based contractor RG Coulter has gone into receivership, with 35 job losses.
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Bovis Homes sales down 39%, more cost-cutting ahead
Posted: 06 November 2008Bovis Homes has announced plans for a further round of cost-cutting, after revealing that it would complete 39% fewer homes this year.
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Rok boss Garvis Snook explains his firm's job cuts
Posted: 05 November 2008350 of the 750 total job losses at Rok have already occurred and most of the remaining 400 will take place before the New Year, says Garvis Snook, chief executive.
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Piper Construction Midlands ceases trading, 30 job losses
Posted: 05 November 2008House builder Piper Construction Midlands has ceased trading, resulting in the loss of 30 jobs.
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Stewart Milne plans more redundancies, upto 117 jobs could go
Posted: 05 November 2008Aberdeen-based house builder Stewart Milne Group will axe another 44 staff; just months after announcing 300 employees would go from across the UK.
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Interserve reports positive outlook for Q3 of 2008
Posted: 05 November 2008Interserve’s trading update, covering the third quarter of the year, says that all is well and the performance expectations that were spelt out back in August still hold.
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White Young Green parts with commercial director
Posted: 05 November 2008White Young Green’s commercial director Denis Connery is leaving the group “my mutual agreement” following a review of operations across the group.
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Rok's share price plummets 50%
Posted: 05 November 2008Rok’s share price fell off a cliff at 8am this morning as news surfaced that it was cutting 750 job, 15% of its workforce.
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Rok in a hard place - 750 jobs axed
Posted: 05 November 2008Rok is to axe 15% of its workforce in a dramatic move which means that around 750 jobs could disappear.
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Redrow says outlook for 2009 'very weak'
Posted: 05 November 2008House builder Redrow has warned that the outlook for 2009 is "very weak with mortgage availability still limited" in a statement ahead of its annual general meeting today.
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Warings Contractors reports £7m loss
Posted: 04 November 2008Warings Contractors, snapped up by Bouygues 11 months ago, has dived heavily into the red with a pre-tax loss of £7.2m on a £62m turnover.
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PFI contractors face profit cuts after change in rules
Posted: 04 November 2008PFI contractors will see their refinancing profits slashed under new Treasury rules.
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BAM £300m Chester regeneration put on hold
Posted: 04 November 2008BAM's £300m contract to regenerate Chester's city centre has been suspended after the clients shelved the £460m Northgate Development regeneration scheme last week.
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