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Balfour Beatty settles investigation into Egyptian project

Construction giant Balfour Beatty is paying £2.25m to settle a Serious Fraud Office (SFO) investigation into its work on construction of the enormous Bibliotheca Alexandrina in Egypt.

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SFO uses new powers to penalise Balfour Beatty

Balfour Beatty yesterday achieved a dubious distinction when it became the first business to be penalised as a result of new powers handed to the Serious Fraud Office.

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Balfour Beatty pays £2.25m after SFO probe

Balfour Beatty, the UK construction group, will pay £2.25 million to settle a Serious Fraud Office (SFO) investigation into inaccurate accounting at an Egyptian joint venture.

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SMC inks Rs 215cr JV with SA firm

Delhi-based brokerage house SMC Group has joined hands with South African financial major Sunlam to enter in wealth and asset management businesses in India.

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One to watch: SMC Group

6.88p UNCH Scotsman says BUY

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Kier To Focus On Social Housing

Kier Group is set to move away from private home development anf concentrate is efforts towards social housing and its construction business. Its focus now is to be on "partnership housing", acting as a contractor for public agencies looking to build social units. Chief executive,John Dodds said, "There's a sea-change in how we're running the business...The traditional model of housebuilding,buying...

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Kier to put focus on social housing

Kier Group is set to walk away from the traditional housebuilding model to focus on social housing and its construction business, marking the first major group to exit...

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UPDATE 1-Kier construction orders at record, profits up

LONDON, Sept 18 (Reuters) - Construction to housebuilding company Kier Group Plc said its combined order books for construction and support services are at record levels after it announced a 12.1 percent increase in full-year profits.

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Millennium India Acquisition Company Announces Joint Venture Between SMC Group and Sanlam Investments

NEW YORK, Sept. 17 /PRNewswire-FirstCall/ -- Millennium India Acquisition Company, Inc. ("MIAC") (Nasdaq: ) today announced that SMC Group has entered into joint venture agreements (JV) with Sanlam Investments, the investment arm of South African financial services firm, Sanlam Group. The agreement between the parties calls for setting up two new businesses in India -- a wealth management company and...

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SMC Group

New Delhi, September 15th, 2008: India's fourth largest securities brokerage house, SMC Group ("SMC"), announced today that it had entered into joint venture agreements (JV) with Sanlam Investments, the investment arm of South African financial services giant, Sanlam Ltd. More...

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Balfour Beatty Construction Announces Barry Scearce as Director of Business Development

NASHVILLE, Tenn., Sept. 16 /PRNewswire/ -- Balfour Beatty Construction announced today it has hired Barry Scearce as Director of Business Development. Scearce has more than a decade of experience in sales and business development. He most recently served as Vice President of Business Development for AssistMed, Inc., a clinical information technology provider based in Beverly Hills, Calif. He also...

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SMC ties up with South African firm

NEW DELHI: Domestic brokerage house SMC Group on Monday said South African financial giant Sanlam Group will invest Rs. 215 crore in the company for setting up wealth and asset management businesses through two joint ventures. Sanlam ...

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Galliford success blighted by fall in land values

Galliford Try, the infrastructure and housing com-pany that owns Morrison Construction in Scotland, turned in record profits in several divisions in the year to June, but the housing slump forced it to declare a writedown in land values.

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House prices falling off a cliff, says Galliford Try

Housebuilder and construction group Galliford Try has admitted sale prices of new-build houses have "fallen off a cliff", dropping 20pc since their peak in May last year.

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Galliford Try maintains profits

Housebuilder and construction group maintains annual profits in spite of having to cut 20 per cent off new house prices in an attempt to preserve volume