All Finance articles – Page 238
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NewsKeltbray cuts pay and staff in bid to ‘remain competitive’
Demolition contractor follows 90 redundancies with a 10% pay cut after a drop in new work
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NewsTelford looks on the bright side
Telford Homes has posted a 35% fall in pre-tax profit and scrapped its dividend but has given a bullish assessment of future prospects
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NewsEmpty shelves
Greg Fitzgerald explains why the chances to buy other firms are few and far between
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NewsMcLaren pays up to £810,000 for Verry assets
Letter from administrator BDO Stoy Hayward to creditors reveals price paid by McLaren and justifies pre-pack administration option
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NewsWolseley reports continuing fall in markets
Materials firm says Nordic region, UK and Ireland showed particularly great levels of decline
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NewsBloor to avoid apartment building after £52m loss
Steering clear of this sector is one of a number of measures designed to put housebuilder on firmer footing
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NewsProfit up 4% at plumbing group BSS
Preliminary results also show 4% rise in turnover at plumbing and mechanical ventilation firm
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NewsProperty experts reject housing optimism
Jones Lang LaSalle says house prices could plunge 14% this year and continue to fall in 2010
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NewsHeidelberg puts £1bn price tag on Hanson UK
German parent is said to be actively seeking bidders for UK materials firm
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NewsInterserve seals £270m Enniskillen hospital PFI
A constortium headed by Interserve will build the acute hospital and provide facilities management for 30 years
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Mitie profit up 11%
Maintenance specialist Mitie has posted an 11% rise in full-year pre-tax profit to £78.4m
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NewsCrest turnover to fall by one-third in 2009
Stephen Stone, chief executive of Crest Nicholson, has said the recession will slash turnover by a third in 2009
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Waterman faces £4m bad debt hit – mostly from the UAE
Engineering group Waterman is trading at “the lower end” of expectations and may have to write off up to £4m of bad debts, it said in a trading update on Monday.
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Balfour trading well
Balfour Beatty has said that trading has been in line with expectations in 2009.
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News'Massively overstretched' banks stall WYG rescue bid
Consulting engineer forced to wait to cut rescue deal with three lenders, as it slashes 300 more jobs
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NewsCitywatch: It's a waiting game at Barratt
When Taylor Wimpey announced a £510m rights issue on 8 May, one City watcher said Barratt had about two weeks to follow suit. “If it leaves it much longer”, he reasoned, “it could well miss the boat.”
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Renew relies on specialist engineering to weather downturn
Brian May, the chief executive of Renew Holdings, has said the company will increase its reliance on the specialist engineering division as a result of the recession
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Gleeson's gloom
In a trading update, housebuilder and regeneration specialist MJ Gleeson has warned of further land writedowns in 2009 and said there was no sign of an improvement in the market.