Finance News 鈥� Page 207
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Insolvencies are down
The number of construction firms going into administration in the last quarter of 2009 fell by 15% from the previous quarter
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NewsCredit crunches Zaha's profit
Architect blames 69% profit drop on 'tightening of credit lines in the construction sector'
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NewsGalliford Try buys Bank of Scotland stake in joint ventures
Contractor takes back 50% share of five housebuilders with development value of 拢154m
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NewsMouchel issues 'perfect defence' against VT takeover bid
Trading update reveals order book is up to 拢2bn, after two contract wins this week
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NewsMcLaren boss boasts 拢18m war chest
After posting 88% rise in pre-tax profit, chairman Kevin Taylor reveals intention to buy up struggling contractors
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NewsBritish Land boosted by rising property values
Property group says portfolio value rose by 8.2% in last three months of 2009
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NewsConstruction recovery not expected till 2011
Latest Construction Trade Survey says 2010 will be marked by rising material and energy costs and declining orders
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NewsUniversity Partnerships Programme ranked among top private equity backed firms
Profit growth of 413% wins firm fifth place on Sunday Time Deloitte Track 100 league table
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NewsConstruction firm failures down 15%
Insolvencies in the industry drop more than 42% from peak but experts warn that situation could worsen
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NewsSkanska keeps steady with 拢1.5bn turnover
Operating profit of 拢38.9m and 拢1bn Essex BSF contract start year off on positive note
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NewsBellway warns of sluggish start to year
Trading update cautions that lack of mortgage affordability will result in a slow first half of 2010
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Demolition firm Brown and Mason hit by 50% slump in profit
Turnover and profit have fallen heavily at demolition firm Brown and Mason for the year ended 30 April 2009
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T Clarke bullish
M&E contractor T Clarke said it would beat its expected earnings in its final year results,expected in March
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McInerney struggles
Irish housebuilder McInerney Holdings has announced that it completed just 756 homes in the UK and Ireland in 2009, compared with 1,359 units the previous year.
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Mitie鈥檚 鈥榞ood start鈥�
Outsourcing specialist Mitie is confident it will hit expectations for full year results
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Bovis refinancing deal
Bovis Homes has signed a four-year 拢150m deal to replace its previous debt facility
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EAGA鈥檚 15% growth
EAGA, the green support services firm, has announced a 15.3% rise in turnover to 拢391.5m and a 10.3% jump in pre-tax profit to 拢23.9m for the six months to 30 November 2009.
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Lakehouse doubles pre-tax profit to 拢2m
Social housing specialist Lakehouse more than doubled pre-tax profit in 2009 and is hunting for acquisitions
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Countryside loss hits 拢54m as details of debt deal emerge
Turnover crashes by half as housebuilder is hit by falling market and exposure to mixed-tenure schemes