Company News Roundup: 27 January 2015

Last Updated:

23rd January 2015

City reacts positively to Balfour's new profit hit but 'business is dead' if there are further warnings

Balfour Beatty’s latest profit warning has reduced the chances of a takeover of part or all of the company, according to market experts.

The contractor yesterday issued its sixth profit warning in two-and-a-half years, revealing a £70m hole in the wake of the completion of KPMG’s review of the group’s UK construction arm.

Company page: Balfour Beatty

Tim Byles’ Cornerstone Assets agrees £25m deal with Cheshunt school

Social investment vehicle Cornerstone Assets has chosen Willmott Dixon to redevelop Cheshunt School and build 88 new homes in a £25m deal.

Willmott Dixon’s residential development arm Prime Place will build 88 new apartments and family homes on the school site, subject to planning consent from Broxbourne District Council.

Company page: Willmott Dixon

Lend Lease lands new £75m West London scheme for Legal & General Property

Lend Lease has landed a contract with Legal & General Property to build a £75m mixed-use scheme in West London.

The 350,000 sq ft Hammersmith Road development will include ten storeys of office space, retail frontage and a public plaza.

Company page: Lend Lease

CRH in talks for Lafarge-Holcim £5bn disposals

Dublin based materials firm CRH is one of two major bidders in talks for assets which Lafarge and Holcim must sell ahead of their planned mega-merger.

CRH confirmed it was in talks about the series of planned major disposals, including the Lafarge Tarmac business in the UK.

Company page: Holcim