Support and construction company May Gurney has reported a 17 million pound increase in revenue, but profits remained the same as a year earlier.

The construction sector shrank last month at its fastest pace since records began a decade ago, building pressure on the Bank of England to cut rates by at least another percentage point on Thursday.

2009 will see 50 percent more businesses fail, and topping the list of hard-hit sectors is the construction industry.

Under the accelerated housing investment scheme, housing associations would be able to purchase unsold private housing stock.

Contractor Jarvis has announced it is no longer looking for a buyer after posting improved half year profits.

Pettifer Construction, part of the Pettifer Group, is understood to have been in a strong position, but its sole bank pulled credit lines, forcing it into administration.

A sagging economy on both sides of the Channel and a slump in sterling have put a hex on Britons' love affair with French real estate, and their disenchantment underlines a broader trend among foreigners.

Specialist construction firm Renew Holdings has increased its pre-tax profits by 29 percent.

Citigroup Chief Executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that led to this week's massive government bailout of the second-largest U.S. bank by assets.

The Swedish construction company has announced it will reduce its workforce by six percent, or 3,400 jobs, across the Nordic countries.

Over 300,000 UK jobs could be cut without aid, unless the government makes radical changes to boost the sector, and the wealth of the economy overall.

Lenders took possession of 11,300 homes in the third quarter, up from 10,100 in the second despite government efforts to make home repossessions a last resort, the Council of Mortgage lenders said on Friday.

Mayor of London Boris Johnson has revealed plans to build 50,000 affordable new homes in London in an attempt to restart the slumping housing market.

The rapid property correction has stripped more than a billion pounds off the value of British Land's assets but its portfolio remains almost full as tenants seek refuge from the economic storm in prime shops and offices.

Property firm Derwent London said it would not start new development projects until 2010/11 due to weak central London occupier demand and the difficult investment climate in the property market.

Engineer IMI said on Wednesday it is confident of meeting 2008 expectations on continued revenue momentum, but cautious on the outlook given recent weakening in some of its markets.

Housing builder Barratt Developments said continuing price pressures are having a negative impact on its operating margins, and that it expects further writedowns by December.

Increasingly desperate sellers slashed asking prices for homes in England and Wales by 2.9 percent in November, pushing them 7.1 percent below their level a year ago, a survey showed on Monday.

U.S. private equity groups are thinking about making a bid for Taylor Wimpey , The Observer said on Sunday.

JCB is to shed almost 400 jobs.

Over 40 major construction trade bodies and building groups have signed up to the Welsh National Assembly’s Green Charter to slash carbon emissions in new housing.

Taylor Wimpey said efforts to renegotiate its bank debt had been slightly disappointing, sending shares in Britain's largest housebuilder as much as 19 percent lower.

Private equity firm TDR Capital is in talks to inject cash into Taylor Wimpey in exchange for a stake in house builder by number of homes, the Mail on Sunday reported.

Galliford Try , the construction group, warned Friday that it would have to make a 50 million pounds writedown on its housebuilding operations in the first half of 2008/09 and said it was taking "a more cautious view" of prospects for both this year and next.

The Mayor of London has pledged to build 50,000 new homes, but removed his predecessor’s target that 50 percent of all new housing in London must be affordable.

‘The Nation’s Local Builder’ has announced its annual revenue will fall £120 million short of the company’s original estimates.