Finance ɫTV – Page 232
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Middle East construction to begin recovery next year
Survey indicates Saudi Arabia, Qatar and Abu Dhabi will be at forefront of upturn
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SIG slashes costs in poor trading
Materials supplier says it will not breach banking convenants in 2009 despite profit warning
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WS Atkins profit up 12% despite staff cuts
Worsening market conditions in UK and Middle East forced 1,200 redundancies in last quarter
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Churchill Retirement Living starts building again
Sheltered housing developer run by sons of John McCarthy says time is right to restart construction
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Lloyds readies Apollo for HBOS sell-off by sealing debt deal
Bank and shareholders to write down undisclosed sum of public sector contractor’s £300m debt
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Balfour Beatty bucks the trend in meagre month of May
Business barometer UK’s biggest contractor wins £2.5bn M25 job, as others fight for the scraps
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Citywatch: So, how did we all do?
It was during the first week of June last year that housebuilding stocks began their descent in earnest. As the European football championships kicked off without England, Barratt was also having a miserable time as rumours swirled in the City about its survival
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Hyder reports 8% profit rise
Hyder reports 8% profit rise Hyder Consulting has reported an 8% rise in adjusted pre-tax profit to £15.6m on the back of a strong performance in the Middle East and in the transport sector
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Populous back in black
Populous, the architect formerly known as HOK Sport, has returned to the black in 2008 with a pre-tax profit of £83,411 (2007: £119,360 loss)
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Bellway turns to South-east
Housebuilder Bellway will ramp up production in south-east England, where it said sales were now “marginally stronger” than other parts of the country
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7.5% fall in European construction output expected
Forecasts predict positive year only for Switzerland and Poland before return to growth in 2011
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Capita to buy Carillion's IT business for £36m
Carillion bought external facing business in 2008 as part of acquisition of Alfred McAlpine
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SMEs owed £2.5bn of late payment
Figures released by Barclays show customer and supplier payment delays cost £1,200 per business
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Capita buys urban design consultant AMA
Consultant acquires Andrew Martin Associates' three offices for an undisclosed sum
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End of recession in sight, say economists
FT poll shows more than half of economists surveyed expect imminent return to growth
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Transport and Middle East wins drive Hyder profit up 8%
Consulting firm reports 37% increase in overall turnover and order book up 22% on last year
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Rising debt delays Liverpool stadium until 2012
Liverpool FC says construction will be delayed by three years in light of mounting debts
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Buyers back away from HBOS social housing sell-off
Bank’s hopes of disposing of stakes in Apollo and Keepmoat hindered by £1.2bn price paid in 2007
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Balfour to create single £500m rail business
Balfour Beatty is planning to restructure its rail operations to create a £500m-turnover business
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Citywatch: Wishful thinking
There were two pieces of good news for housebuilders this week; the Nationwide building society said house prices rose 1.2% in May and there was some encouraging purchasing data