Vistry to resume dividends after housebuilder reports strong 2020 performance January 12, 2021 Vistry has announced it will resume dividend payouts after a strong second half performance, with the housebuilder expected to report 2020 profit of around £140m. The FTSE 250 developer said this morning that it is planning a “modest” final dividend when it announces its full-year results next month. The company said the decision to resume [...]
Housebuilder Vistry to reinstate dividend due to strong sales November 12, 2020 Vistry Group is planning to resume shareholder payouts next year as the housebuilder said demand for new homes had remained strong despite the second England-wide lockdown. Vistry, which was previously known as Bovis Homes, said it is on track to report full-year profit before tax at the top end of its expected range of £130m [...]
National Express chief quits to lead housebuilder Persimmon June 24, 2020 Housebuilder Persimmon has this morning announced that Dean Finch will succeed David Jenkinson as the group’s chief executive at the end of this year. Finch joins the FTSE 100 company from transport firm National Express, where he has spent a decade as chief executive. Prior to that, he held a number of senior roles at [...]
UK property developers hit with new taxes to pay for unsafe cladding removal post-Grenfell February 10, 2021 Shares in major UK property developers have fallen this afternoon, after an announcement that they will be hit with new taxes to pay for the government’s unsafe cladding removal scheme. Housing secretary Robert Jenrick today announced two new taxes on UK property developers to help pay for the government’s efforts to remove unsafe cladding from [...]
UK construction industry sees biggest rise in orders since 2014 – PMI December 4, 2020 By David Milliken LONDON (Reuters) – Britain’s construction industry grew faster than expected last month, boosted by the strongest orders since 2014 amid a boom in house prices, a survey showed on Friday. The IHS Markit/CIPS construction Purchasing Managers’ Index (PMI) rose to 54.7 in November from 53.1 in October, its strongest since July and [...]
Persimmon will start reopening construction sites next week April 24, 2020 Persimmon has announced a phased restart to work on its construction sites from next week, as the housebuilding sector starts to return to work. The housebuilder said it will start to open up sites from 27 April “in response to the UK government’s objective of getting the construction sector back to work.” Following the announcement [...]
UK housebuilders race to return to work after government eases restrictions May 14, 2020 Some of the UK’s biggest housebuilders have revealed plans to return to work after the government removed lockdown restrictions on the property market. FTSE 100 housebuilder Persimmon said this morning that its sales offices in England will reopen from tomorrow with social distancing measures in place. It comes after the government removed restrictions to allow [...]
Housebuilder Persimmon confident in outlook as construction sites reopen April 29, 2020 Housebuilder Persimmon said customer enquiries have remained at good levels throughout the UK coronavirus lockdown so far as the developer pushes ahead with the phased reopening of its construction sites. The company said steady customer enquiries provided “some encouragement on the resilience of demand” during the coronavirus crisis. Persimmon’s current forward sales position is “robust” [...]
Persimmon CEO to depart after just 15 months in role February 27, 2020 Persimmon’s CEO signalled his intention to step down today just over a year after replacing the housebuilder’s former boss Jeff Fairburn, who left in 2018 amid outrage over a huge £75m bonus. Group chief executive Dave Jenkinson will depart “in due course”, he said today as Persimmon revealed a drop in 2019 profit as it [...]
The Week Ahead: March kicks off with the Budget, Aviva, Zoom and Vroom March 1, 2021 March has arrived and City A.M. looks at what the first week of this month has in store. First of all, of course, there is the Budget this Wednesday. It’s the most important week of the year for Chancellor Rishi Sunak as he outlines the outlook for the UK economy over the next few months. He [...]