Bovis is back in the black
LONDON: Bovis Homes is back in profit after a calamitous 2008.
Published: 08 March, 2010
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Persimmon posts profit as buyers return
YORK: A recovering housing market saw housebuilder Persimmon yesterday reported full year pre-tax profit of £77.8m, against a loss of £780m in 2008.
Published: 03 March, 2010
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Barratt issues upbeat forecast
LONDON: In marked contrast to Travis Perkins warning of a fragile market, house builder Barratt Developments reported reduced losses for the second half of last year and issued an upbeat forecast for the next six months.
Published: 24 February, 2010
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Bellway anticipates subdued sales
NEWCASTLE: Housebuilder, Bellway forecast "subdued" sales in the second half of this year because of the dearth of mortgage finance.
Published: 05 February, 2010
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Housebuilder McInerney unable to pay debts
DUBLIN: McInerney Holdings, the biggest housebuilder on the Irish stock exchange, released a gloomy trading update that showed that it built fewer houses last year and remains unable to pay its debts.
Published: 29 January, 2010
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Building companies join Haiti effort
LONDON: British building companies are preparing to send construction workers to Haiti to help with the relief effort as the need for temporary shelter and functioning infrastructure grows.
Published: 20 January, 2010
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Barratt's Beechfields development, between Stockport and Chester. |
Snow brings storm of online enquiries for housebuilders
LONDON: British housebuilder Barratt Developments said recent bad weather has led to a storm of online enquiries as it reported stronger first-half trading, adding to hopes that the worst is over for the sector.
Published: 18 January, 2010
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At least one sector is positive. |
Optimistic developers will open new sites
UK: The latest Housebuilder Watch, published by Competitive Advantage, shows that developer optimism continues to improve with 26% expecting their starts to be higher in Q4 than Q3.
Published: 23 November, 2009
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Balfour UK order book grows
LONDON: A strong order book from Balfour Beatty's UK FM division buoyed interim performance, the company said in a trading statement.
Published: 11 November, 2009
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Balfour Beatty preferred bidder for West Sussex development
LONDON: Balfour Beatty announced today that it has been selected as preferred bidder for the £120m West Sussex National Academies Framework for West Sussex County Council.
The framework comprises four academy schools being redeveloped across the south coast with a mixture of both new-build and refurbishment schemes at Littlehampton, Lancing, Shoreham and Midhurst Rother.
Published: 28 September, 2009
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Word of honour. |
Green light for code of conduct
LONDON: With the final decision pending from the Office of Fair Trading (OFT) with reference to the 'cover pricing' scandal uncovered earlier this year, the UK Contractors Group and the National Federation of Builders have joined forces and launched a Code of Conduct.
Published: 28 September, 2009
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Collusion confusion. |
Colluding contractors caught
LONDON: The Office of Fair Trading (OFT) has imposed fines totalling £129.5m on 103 construction companies in England which it has found had colluded with competitors on building contracts.
Published: 23 September, 2009
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Balfour Beatty to aquire Parsons Brinckerhoff
LONDON: Balfour Beatty is set to aquire Parsons Brinckerhoff for US$626m (c.£380 million).
Published: 17 September, 2009
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Balfour Beatty acquisitions?
LONDON: Balfour Beatty has confirmed that it is "in advanced discussions regarding a significant and complementary acquisition which would materially accelerate the fulfilment of its existing strategy."
If the acquisition proceeds, it is expected that it would be substantially funded by a rights issue that could be as much as £350m.
UPDATE here
Published: 17 September, 2009
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Redrow's worst results in history
EWLOE: Steve Morgan, chairman of Redrow plc, said: “While I am delighted to be back at the helm of Redrow it is intensely disappointing to me to have to report the worst set of trading results in the company’s history.
The company's preliminary results, published on 10 September show a pre-tax loss of £140.8m.
Published: 11 September, 2009
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Paul Smith joins Redrow
EWLOE: Paul Smith, group finance director of builders' merchants Travis Perkins, has been appointed non-executive director of house builder, Redrow.
Smith previously served as a non-executive director and chairman of the audit committee at DX Services and Polestar UK and has been appointed chair of Redrow's audit committee.
Smith's appointment is one of several board changes. Alan Jackson becomes non-executive deputy chairman and senior independent director.
Published: 20 August, 2009
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2009 is looking good. |
Balfour is bullish about construction orders
LONDON: Balfour Beatty shares rose on news of its 14% jump in first-half pre-tax profits to £108m for the first six months of the year, slightly ahead of analysts' forecasts.
Published: 12 August, 2009
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Building on confidence. |
Housebuilders upbeat about market improvement
COALVILLE: Barratt Developments and Redrow added to Friday's upbeat market assessment by Persimmon.
Published: 13 July, 2009
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Great expectations for the autumn. |
Persimmon confident of market stabilisation
YORK: Persimmon, Britain's biggest housebuilder, reported a stabilising of prices in the housing market.
Published: 13 July, 2009
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