All articles by Tom Bill – Page 21
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NewsSteve Morgan lines up troops for Redrow coup
Board of housebuilder ‘considers proposal’ after former chairman launches bid for power
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NewsWYG seeks £30m-plus to avoid bank breach
Consultant engineer White Young Green is planning to tap investors for more than £30m to shore up its balance sheet
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NewsTaylor Wimpey debt deal delayed until April
Housebuilder says its lenders support a second deferral to complete the talks
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NewsRedrow founder launches bid to seize power
Steve Morgan ups his effective stake to 29.9% amid speculation he is seeking to oust the current management team
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NewsNo rights issue tomorrow for Persimmon
Housebuilder will not announce cash call at tomorrow’s results but option is still on the table
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NewsMcCarthy & Stone gets nod for £800m debt deal
Debt-for-equity swap will see 60 senior lenders take control of the firm
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NewsLloyds announces £10.8bn HBOS loss
Troubled bank hit by 11.9% bad loans as owner Lloyds' profit plummets 80%
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NewsBanks most likely to cut overdrafts at construction firms
Report reveals that 44% of construction and property firms have had overdrafts cut compared to 34% UK average
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NewsBarratt bank covenants safe – unless there’s a meltdown
Housebuilder is confident it will not break agreements on £1.4bn debt as sales edge upwards
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NewsOut of credit: how the banks took away the industry’s overdrafts
As a new report reveals that construction has had more credit withdrawn than any other sector, Tom Bill looks at the likely consequences
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NewsWhite Young Green warns of covenant breach risk
Consultant in talks with lenders as net debt rises 30% amid poor market conditions
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NewsBalfour Beatty buys RT Dooley Construction
Corporate fit-out and data centre specialist will complement US South-east division
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NewsPersimmon: 'No bonuses for 2008'
Housebuilder has revealed that top executives will not get bonuses after targets were not hit
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NewsPersimmon faces revolt over ‘widened’ bonus targets
Housebuilder follows Bellway in making bonuses for senior management easier to achieve
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Features
Merger mystery: Where have all the deals gone?
Buyers wait for sellers to run out of options – and drop their prices – before re-entering the market
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NewsEC Harris to axe up to 380 as QS bloodbath deepens
Consultant to shed 10% of workforce as Turner & Townsend begins first wave of redundancies
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NewsBanks expect Taylor Wimpey deal in 'late March'
Sources close to the debt talks dismiss speculation deal is due by 10 March
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NewsNo debt deal this month for Taylor Wimpey
Sources close to the talks between the housebuilder and its lenders say accounting hold-ups are behind latest delay
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NewsMcCarthy & Stone closes in on rescue deal
Retirement housebuilder is set to get backing of its lenders for debt-for-equity swap