All articles by Angela Monaghan – Page 19
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Revenue makes U-turn on CIS scheme
The Customs and Inland Revenue has bowed to increasing pressure from the construction industry and fellow Whitehall departments and agreed to delay the start of its CIS tax scheme by one year.
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Jarvis strives to keep bosses with 200% bonus offer
Company asks shareholders to approve plan to retain senior managers with target-related share options
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Balfour shrugs off £10m fine as shares hold firm
City takes the view that Hatfield crash is a one-off event for which the contractor had already set aside funds
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Treasury dismisses RIBA’s PFI design proposals
Richard Abadie, head of PFI at the Treasury, rejects calls to appoint design team before tendering to contractors
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Sharewatch: When a high’s a low
The two best-performing quoted companies in the industry last week had something in common.
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Mowlem to close down or sell loss-making businesses
Contractor announces plan to cut some operations, with combined turnover of £50m, after declaring £73m loss
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Wolseley names successor to Charlie Banks
Ӱ materials supplier Wolseley, the construction sector’s biggest quoted company, said this week that it had appointed Chip Hornsby to replace Charlie Banks as chief executive next summer.
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Linden Homes still upbeat five years after buyout
Despite doubts over economy, chief executive Davies says there is plenty more growth on the horizon
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Sharewatch: Kier on top
Last week brought welcome news for the quoted companies in the industry, as the construction and building materials index rose modestly, about 1% to 3776.
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The insider
David Metter, chairman of the PPP Forum, knows more than most about the PFI. So it’s surprising that he thinks there’s a problem with bid costs – and is not sure if the government can meet its education targets.
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Mowlem calls in adviser Rothschild after £70m hit
Contractor’s fate hangs in the balance as chief executive Simon Vivian hints at selling off existing contracts
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Miller buys Fairclough Homes for £264m
Scottish construction group Miller has bought Fairclough Homes from its US owner Centex for £264m.
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MJP cuts staff after BBC simplifies flagship design
Changes to plan for second phase of Broadcasting House force project architect to cut staff
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Sharewatch
Last week was one of those strange ones when, despite a swath of poor results, share prices surged, or at least performed well.
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Bovis and Westbury latest to suffer in housing downturn
Pre-tax profit at Bovis Homes falls 32% and Westbury’s sales decline 7% in the first six months of the year
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Bid costs for PFI hospitals increase by half
Major Contractors Group survey shows soaring costs for hospitals – but falling costs for schools projects
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MJP cuts staff after BBC simplifies flagship design
Changes to plan for second phase of Broadcasting House force project architect to cut staff