City dealmaker calls for more mergers

Article Abstract:

The UK construction industry is being negatively affected by overcapacity and underprofitability, according to Mark Aedy, managing director of a division of US finance group Bankers Trust. He believes that it is now time to undertake structural change in the construction and building materials industries. He feels that UK contractors have been misguided in adhering to old-fashioned notions of independence and are still facing barriers to rationalization, including having negative net assets and being vulnerable to losing key employees.

Officials and employees, Investment banks, Building materials industry, Bankers Trust Co. (Chicago, Illinois), Aedy, Mark

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At the wheel

Article Abstract:

UK executive Richard Steer is seeking to develop a national strategy for quantity surveying (QS) firm Gleeds, after he was appointed senior partner in January 1999. Gleeds operates on a regional basis, which limits its power within the London area. Steer is following in the footsteps of his father who was a senior partner at Gleeds until 1994. Steer is also seeking to expand company activities into Europe during 1999.

Surveyors, Gleeds, Steer, Richard

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Perfect match

Article Abstract:

The building contractors, Try, introduced a zero-defect scheme and have chosen the new Millennium Building for the All-England Lawn Tennis to try out the scheme. They have used a computer for administrating the scheme.

Innovations, Quality control, Buildings and facilities, All-England Lawn Tennis and Croquet Club, Try

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