News

Construction hit its fastest level of growth in six years, according to the latest survey of the building sector.

AMEC order book at pounds 3bn

AMEC, THE construction firm, said yesterday that the outlook for the remainder of the year is good, while the firm's order book remained sustained at around pounds 3bn.

Letter: Building equality

Sir: I was horrified to read the view of Richard Todd, a civil engineer, (Letter, 30 July) that his granddaughter had "no chance" in architecture because she was female.

Letter: Glass ceilings

Letter:

pounds 59m houses

pounds 59m houses

Pru fires warning shot in Wainhomes buyout move

THE PRUDENTIAL, one of the UK's leading institutional investors, yesterday fired a warning shot at small undervalued companies seeking to go private cheaply when it refused to sell its 12.5 per cent stake to housebuilder Wainhomes' buyout team.

Railtrack warned over spending plans

THE GOVERNMENT'S rail supremo last night warned Railtrack that he believed the company was planning to invest much less than it was claiming.

Shuttle blaze was good test for engineers

THE CHANNEL Tunnel fire taught engineers a basic lesson: "When lorries go through tunnels, whether by road or rail, they catch fire," said Antony Oliver, the deputy editor of New Civil Engineer magazine. "Not often, but eventually."

Barratt takes Blair to task over housing

BARRATT, the UK's second-largest housebuilder, yesterday attacked the Government's housing policy, accusing it of damaging the poor and hitting smaller companies.

Obituary: Luis Mara Argana

LUIS MARIA Argana, who was assassinated yesterday in Asuncin, was one of Paraguay's most controversial political figures. As Vice-President, he was at the centre of a bitter struggle for political power with President Ral Cubas Grau, and the real power behind the throne, the former army commander General Lino Oviedo. Argana's murder brings much closer the prospect of a direct military intervention for the first time in a decade.

Shake-up at Tay Homes

TAY HOMES, the house-builder, yesterday announced a wholesale shake- up in its boardroom as it announced disappointing results that saw its shares slide over 7 per cent to 111.5p. John Maunders, the self-made founder of John Maunders plc, which was sold to Westbury last year, will replace Norman Stubbs as chairman, bringing with him William Bannister, a former colleague, as chief executive.

AMEC dampens hopes of UK deal

AMEC, the construction and engineering group, yesterday said it was looking at European acquisitions, dampening hopes of a takeover of a rival UK company.

Green militants in shares protest

HUNDREDS OF direct-action environmental protesters have bought shares in one of Britain's biggest property developers in an attempt to force it to stop building on green belt land.

Thursday Law Report: Housebuilder credited with input tax

18 February 1999

Tarmac bows to City pressure and demerges

TARMAC, one of Britain's largest contractors, yesterday bowed to City pressure and announced plans to split its building materials and construction operations into two separate companies.

Tay in row over changingdirectors' contracts

TAY HOMES, the troubled housebuilder, was plunged into a furious row yesterday after it emerged that two top executives signed new contracts doubling their notice period after rebuffing an attempt by a rebel investor to change the board.
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