Costain order book hits £2bn high
By Tom Bill on 8 January, 2009


Positive update reports trading in line with board expectations

Costain has issued an upbeat trading update ahead of its 2008 full-year results in March.

It said trading for the year has been in line with the board's expectations and pointed to a record order book of £2bn at the end of the year. The figure was 25% up on the same time in 2007. MORE

Persimmon achieves strong debt reduction
By Tom Bill on 8th January 2009

Persimmon homes

Refinancing talks making 'good progress' as housebuilder confirms final results will be in line with expectations

Housebuilder Persimmon has cut its debt from £906m to £600m since June but had no firm news on the progress of refinancing talks at this morning's trading update.

The fall was thanks to tighter cost controls and early receipt of a tax repayment following land writedowns. MORE

Darling admits recession will be prolonged
By Sophie Griffiths on 7 January, 2009

Alistair Darling
Darling admits recession will be prolonged

Chancellor to revise previous predictions of recovery for the second half of this year

Chancellor Alistair Darling has warned that Britain is “far from through” the recession, according to reports. MORE