Laing denies any interest in Bovis
Friday 11 September 1998
Sir Martin said: "There have been no negotiations whatsoever." However, he said that he would consider joint ventures and other link-ups with Bovis.
He reported a 48 per cent rise in interim pre-tax profits to pounds 18.4m. Shares in Laing rose 15p to 366.5p in a sharply lower market.
Sir Martin, head of the Construction Confederation, added that the Private Finance Initiative (PFI) - the Government's plan to encourage the private sector to build schools, hospitals and prisons - would be slowed down by new accounting rules.
Sir Martin, said new deals could be delayed by up to three months as government departments got to grips with the new requirements.
The new rules, announced on Wednesday, will make it more difficult to transfer projects' assets and liabilities from the public to the private sector.
Meanwhile, Mowlem, the construction group, yesterday reported a 45 per cent increase in interim pre-tax profits to pounds 13.8m. John Gains, the company's chief executive, said its order books were 20 per cent higher than they were a year ago.
- 1 Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
- 3 Israel-Gaza conflict: The myth of Hamas’s human shields
- 5 Dutch paedophile club to fight their ban at the European Court of Human Rights
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£350 - £400 per day: Orgtel: PMO Analyst - Banking - London - £350 -£400 per d...
£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...
£35000 - £40000 Per Annum plus 23 days holiday and pension scheme: Clearwater ...
£475 - £525 per day: Orgtel: Test Lead, London, Investment Banking, Technical ...