Finance ɫTV – Page 217
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ɫTV
Tony Douglas leaves Laing O'Rourke
Chief operating officer leaves after long period of uncertainty over his role
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ɫTV
Willmott Dixon instigates major restructure
Company will now have three separate businesses for capital works, regeneration and support services
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ɫTV
Kier reports 'strong' order book
Market update reveals first quarter trading in line with expectations and steady flow of education work
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ɫTV
NG Bailey boss was ‘victim of cost-cutting drive’
Doubts raised that departure of Mark Andrews from M&E specialist last week was mutual decision
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ɫTV
Citywatch: Pirc vs Perks
Galliford Try received a shot across the boughs on Tuesday from investor lobby group PIRC, which urged shareholders to snub today’s vote on directors’ pay
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ɫTV
Lloyds: Relationship crucial in WYG bailout
Lloyds Banking Group has said its strong relationship with White Young Green was vital to last week’s rescue deal with the consulting engineer
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ɫTV
BDP’s profits treble as directors agree to take 9% pay cut
The directors of ɫTV Design Partnership, the UK’s largest architect, have taken an average 9% pay cut to help triple the company's bottom line
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ɫTV
Plummeting products
Nearly nine out of 10 heavyweight construction products firms reported “significantly” falling sales in the past three months, according to data from the Construction Products Association
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ɫTV
Arabtec profits fall
Arabtec, the UAE’s largest contractor, has announced a 35% fall in profit to 167m dirham (£28m) for the third quarter of 2009
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ɫTV
Babcock goes atomic
Babcock International has completed its £38m purchase of the commercial arm of the UK’s Atomic Energy Agency, which handles decommissioning work in Scotland, Dorset and Oxfordshire.
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ɫTV
Scott Wilson buoyant
Consulting engineer Scott Wilson Group said its half-year results would be ahead of market expectations, thanks to its work on Crossrail and the Mersey Tidal Barrage.
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ɫTV
Alumasc trading down
ɫTV and engineering products company Alumasc has said trading was down in the three months to the end of September compared with the same period in 2008.
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ɫTV
Bank of England holds interest rate steady at 0.5%
Base rate is kept level for eighth month in a row as bank plans to extend quantitative easing by £25bn
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ɫTV
Selling prices on the up for Redrow as private reservations soar
Group announces 47% boost in reservations and expects focus on family housing to lead to further price hikes
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ɫTV
Morgan Sindall consortium picked for £400m Hull BSF programme
Esteem consortium is named as the preferred bidder to deliver 17 new or rebuilt schools
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ɫTV
Taylor Wimpey eyes price increases as market improves
Housebuilder fully sold for 2009 turns to building its 2010 order book
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ɫTV
Decline in construction purchasing accelerates
CIPS/Markit index shows orders from purchasing managers falling, with the steepest decline in civil engineering activity
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ɫTV
Gleeds sells Australian division to MBO
The new practice Lucrum Consulting will take on £2bn of Gleeds projects
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ɫTV
'Significant' drop in sales of construction products
Data from Construction Products Association shows manufacturers experiencing falls in trade while price of raw materials rises
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ɫTV
WYG posts £129m loss but seals rescue deal with lenders
Engineering consultant makes massive writedowns, but secures its future with debt-for-equity swap