Jobs to go as Kier merges FM operations
Posted: 28 October 2008Around 20 backroom jobs are set to go at Kier as the company merges its two facilities management operations.
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Work on hold at troubled £70m Southampton scheme
Posted: 28 October 2008Work has ground to a halt on a £70m mixed development at Ocean Village in Southampton.
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Construction industry in Northern Ireland at 'crisis point'
Posted: 28 October 2008The construction industry in Northern Ireland is at 'crisis point' with up to 9,000 jobs lost or under threat, the Northern Irish Construction Employers' Federation (CEF) has warned.
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David McLean's debts could reach £100m
Posted: 28 October 2008Administrators have predicted the debts of troubled contracting and house building group David McLean could run up to £100m.
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Insurers consider withdrawing cover for builders
Posted: 28 October 2008Credit insurers are considering withdrawing policies from construction companies amid concerns the sector could be the next to crash.
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Kier creates £120m-a-year facilities operation
Posted: 27 October 2008A touch of re-branding at Kier has resulted in the creation of a £120m-a-year division called Kier Facilities Services (KFS).
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David McLean in administration, contracting to close
Posted: 27 October 2008Contracting and house building group David McLean has gone into administration.
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Persimmon shares up this morning, Carillion down
Posted: 27 October 2008Persimmon, closely followed by Barratt and Bellway, enjoyed a lift in the value of its share price in trading on the Stock Exchange this morning.
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Baqus reports £1m profit in first results since floating
Posted: 27 October 2008Baqus, the quantity surveying group that floated on AIM in December last year, has announced its first annual results.
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Persimmon lops £600m off value of landbank
Posted: 27 October 2008Persimmon has brought forward a trading statement previously planned for 18 November. The bad news is that it has had to slash another £600m off the value of its land bank.
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Construction's jobless boost professional network LinkedIn
Posted: 27 October 2008The economic crisis has given a boost to LinkedIn, the professional internet network, as people look for advice and jobs from their online contacts.
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House building grinds to a halt in Thames Gateway
Posted: 24 October 2008New housing developments in the Thames Gateway will be mothballed until the market picks up, the South East England Development Agency (Seeda) has said.
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Analyst concerns over Persimmon's £900m debt
Posted: 24 October 2008Debt issues have put an unwelcome spotlight on the finances of Barratt and Taylor Wimpey but now a third house builder’s name as been thrust into this uncomfortable territory – that of Persimmon.
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67 staff axed at Bison in Leeds, more could go
Posted: 24 October 2008Almost 70 workers have been axed at concrete manufacturer Bison, despite a rescue deal involving Laing O’Rourke.
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New home applications plunge 50% in 12 months
Posted: 24 October 2008Dire new statistics show the house building industry is in freefall, with the number of applications to build new homes plummeting by more than half in 12 months.
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Wates Interiors plans 20% cut in workforce
Posted: 24 October 2008Wates Interiors could make up to 31 people redundant in its London and Manchester office, in response to tough market conditions.
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Stoneguard group crumbles: five operations in receivership
Posted: 24 October 2008Five of the companies in the Stoneguard group were put into administrative receivership last week while another, Stoneguard Protec, went into administration on Monday.
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Wales plans regeneration fund with £250m loans
Posted: 24 October 2008Wales is in talks to develop a European-style fund for regeneration projects that could provide loans of up to £250m.
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Barratt and Persimmon see shares tumble 10% in early trading
Posted: 24 October 2008House builders’ Barratt and Persimmon have seen their share prices tumble yet again this morning (Friday), with both suffering falls of more than 10% in the first hour of trading.
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Nick Pollard replaces Murray Coleman as Bovis Lend Lease chief exec
Posted: 24 October 2008Bovis Lend Lease has confirmed that Nick Pollard is to replace Murray Coleman as its chief executive with immediate effect.
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