Buyers wary of bidding for David McLean due to 'unsellable' flats
Posted: 04 November 2008Potential purchasers of David McLean Homes have been scared off any deal over fears the business has too many unsold flats on its books.
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Balfour Beatty's shares rise after solid interim statement
Posted: 04 November 2008Balfour Beatty's share price jumped by almost 10 points this morning to 277p, a rise of 3.64%, after a solid interim management statement covering the period 29 June to 3 November.
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J Murphy reports 12.5% margin from £60m profit
Posted: 03 November 2008J Murphy has made a remarkable margin of 12.5% as pre-tax profit doubled to £60m last year.
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J Smart: rental income strong, construction in the red
Posted: 03 November 2008J Smart, the Scottish construction and property group quoted on the Stock Exchange, has reported a pre-tax profit of £5.8m on turnover of £28m.
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Businesses fears over Crossrail levy
Posted: 03 November 2008Business leaders fear they may be unable to raise their £3.5bn contribution to Crossrail as they struggle during the recession.
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WSP trading update: mood is bouyant
Posted: 03 November 2008Consultancy group WSP remains wonderfully buoyant as it continues to deliver good financial results.
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House building target under threat
Posted: 03 November 2008The government has been put under increasing pressure to scale back its target to build 3m homes by 2020 in light of environmental and economic fears.
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House builders' write-downs could rise to £13bn
Posted: 03 November 2008House builders’ landbank write-downs, already standing at a figure £2bn, could jump as high as £13bn, according to City analysts.
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Dunne enjoys 66% turnover hike to £60m
Posted: 31 October 2008Dunne Group has announced record results and is now hunting down acquisitions.
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Shaylor Group targets rise to £70m turnover in 2009
Posted: 31 October 2008Shaylor Group envisages annual turnover climbing from the current figure of £46m to £70m next year.
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House builder Premier Properties in administration
Posted: 30 October 2008House builder Premier Properties has dropped into administration following a request from its banker, Royal Bank of Scotland.
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Recomac Surfacing in administration, jobs to go
Posted: 30 October 2008Recomac Surfacing, a specialist manufacturer of surfacing for motorways, roads, car parks and footpaths, has entered administration with the loss of 16 jobs.
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Lancsville gets £10m of extra funds thanks to Cayman Islands investor
Posted: 30 October 2008Lancsville Construction has received an injection of £10m of cash as a result of a deal struck with Agilo, a venture capital company.
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Denne Construction reports 8.3% margin as PFI deals come good
Posted: 30 October 2008Denne Construction has seen a jump in its pre-tax profit to £5.8m which represents a profit margin of 8.3%
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Hydrex Equipment pre-tax profit down 75% at £1m
Posted: 30 October 2008Hydrex Equipment (UK) has suffered a tumble in pre-tax profit to £1m, well down on the previous figure of £3.8m.
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Mountfield floats on AIM but nobody wants its shares
Posted: 30 October 2008Mountfield's courage at floating on AIM yesterday, despite all the financial turmoil, has been rewarded with not a single trade in the company’s shares.
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134 job losses in David McLean contracting arm
Posted: 29 October 2008Deloitte, the administrator of the beleagured David McLean Group has revealed that 134 staff will be made redundant at the firm's contracting division.
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Southern Electric Contracting's turnover up £90m to £400m
Posted: 29 October 2008Southern Electric Contracting, the M&E specialist contractor, has seen turnover surge ahead to more than £400m.
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Hampshire Plant Hire in administration
Posted: 29 October 2008Hampshire Plant Hire (HPH) is in administration. It had offices in Winchester, Southampton, Salisbury and Portsmouth.
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Three subsidiaries of Prestigious Retirement Homes hit skids
Posted: 28 October 2008Developer Prestigious Retirement Homes has called on lender Allied Irish Bank to appoint administrators to three of its subsidiaries after the bank said it was unable to continue providing companies with working capital.
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