Londonmetric makes £120m worth of acquisitions and sales in dealmaking spree Property LondonMetric has made £70m worth of acquisitions and offloaded other assets worth £50m in the real estate investment trust's (REIT) latest dealmaking spree.
Travis Perkins lowers profit forecast on housing market slowdown Business Travis Perkins said its restructuring measures and tightened controls have helped cut overheads by £19m compared to the previous year, with cost inflation absorbed.
Travis Perkins appoints non-exec as new boss industrials Pete Redfern has been appointed as the new chief executive officer of Travis Perkins, succeeding current CEO Nick Roberts, who is leaving after five years in the role. The UK-based building supplies firm has suffered in the economic downturn and slowdown in construction, with profits falling as much as 70 per cent in 2023. “[Redfern] [...]
Taylor Wimpey and Rightmove set to benefit from Labour housebuilding plans June 26, 2024 Firms including Taylor Wimpey and Rightmove are poised to benefit if Labour wins the general election on 4 July, according to a leading broker, as both main parties put homebuilding at the centre of their plans to tackle the UK's housing crisis.
Could Persimmon be set for £1bn takeover of housebuilding rival Cala Group? May 27, 2024 Persimmon plots £1bn takeover of Cala Group
Travis Perkins chief who oversaw Wickes demerger to step down after profit slashed March 27, 2024 The chief executive of Travis Perkins is to step down after five years in the role.
Wickes chief gets inflation-busting pay rise after ‘proving himself’ March 21, 2024 The chief executive of Wickes has been handed an inflation-busting pay rise after 'proving himself' in the role.
No bonuses for top bosses at Travis Perkins after profits slump by £175m March 12, 2024 Executive directors at Travis Perkins will not receive their bonuses after the company's profits were slashed during its latest financial year.
Travis Perkins: Profits slashed by £175m as housing downturn cuts revenue March 5, 2024 A downturn in the house building market let to profits at Travis Perkins being slashed by £175m during its latest financial year.
Housing slump continues as Marshalls cost-cutting fails to halt revenue slide January 18, 2024 In a trading update, published today, Marshalls said actions to save around £11m annually, including factory mothballing, shift slashes and business re-shuffling couldn't prevent year-on-year group revenues falling by seven per cent to £671m.