Construction industry

Brexit jitters hit housing market as newbuilds decline sharply | Business – Business Article

Housebuilding declined sharply in London and the Midlands last year as political and economic uncertainty around the shape of Brexit hit the housing market, according to industry figures. The number of new homes in London registered by housebuilders with the National House Building Council (NHBC) in 2018 fell 10% from the previous year to 16,069, the biggest annual drop since 2016. In the east Midlands and West Midlands, registrations were also down 10%, to 13,447 and 13,087 respectively following two…

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Interserve’s shareholders may have to swallow the fudge | Nils Pratley | Business – Business Article

Welcome to the new era of outsourcing, Interserve shareholders. You will be wiped out, more or less, via a £480m debt-for-equity swap in which the banks take control. You won’t like it, but please don’t bother voting against the rescue. If you do, your board intends to adopt “alternative plans” to force through the financial restructuring anyway. Shareholders may think this is unfair – and the biggest investor is demanding a new board of directors – but they cannot be…

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Brexit angst drags UK construction growth down to 10-month low – business live | Business – Business Article

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Sony’s slogan, “Be Moved”, is inspired by the emotional impact of technology, and the power of smartphones, gaming devices, cameras and speakers. Unfortunately, the only thing being moved right now is Sony’s share price, which is tumbling after the electronics giant became the latest tech company to warn that conditions are deteriorating. Sony spooked investors by cutting its sales outlook for…

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