Barratt looks to cut 1000 jobs
Barratt Developments is set to become the latest firm to axe staff to counter the slump in the housing market.
Balfour Beatty goes against the grain
Balfour Beatty has said that trading is strong despite the slump that is affecting the construction industry.
UPDATE: Taylor Wimpey fails in funding bid
Things just get worse for Britain’s largest housebuilder as it says that after failing to raise £500million from investors, it will lay off 900 staff and close 13 of its 39 regional offices.
Trading on track, says Carillion
In a trading update today, June 30, the West Midlands-based construction firm said that is has continued to perform strongly in the first half of 2008, with overall trading in line with its expectations.
ArcelorMittal raises European flat carbon steel prices
The world’s largest steelmaker today, June 27, announced a €50 per ton hike in the price of European flat carbon steel and said that further increases could be on their way.
Atkins beats slump with public sector contracts
Design and engineering consultancy group WS Atkins plc yesterday, June 26, reported a 31 percent in full year profits thanks a strong performance from its public sector projects.