Cairn Homes to post dividend of 2.66 cents, while demand has ‘never been stronger’ July 1, 2021 Cairn Homes is set to reinstate a dividend of 2.66 cents per share, while the demand for new homes has “never been stronger”, the housebuilders boss said. The group raked in a sturdy €131m revenue from 403 closed new home sales in the six months to 30 June, up from €81m from 207 closed sales [...]
NFT art gallery prepares to open in heart of the City March 3, 2022 In December 2019, Josh Sandhu made his first investment in non-fungible tokens (NFTs) picking up a handful of collectible digital artworks.
Mike Ashley’s Sports Direct and House of Fraser empire kicks off £70m share buyback plan December 13, 2021 Retail baron Miek Ashley has announced the start of a £70m share buyback plan for Frasers in an attempt to boost the company’s share price. Bosses at the group, which includes department store House of Fraser and retail chains Sports Direct and Game, said the plan is to reduce the number of shares in circulation. [...]
Average house prices hit new record but London prices stay still May 17, 2021 The recent surge in house prices shows no signs of slowing down, with May seeing a new national record for the price of property coming to market. According to Rightmove’s House Price Index, the cost of the average property rose 1.8 per cent this month, to £333,564. The boom in prices is largely driven areas [...]
Urgent calls for a ‘lessons learned’ review into impact of pandemic handling on high streets December 10, 2021 The government is facing calls to conduct an “immediate lessons learned” review into how high streets were affected by the handling of the pandemic. An online sales tax should also be introduced and go towards a reduction in business rates for the retailer, the cross-party Levelling Up, Housing and Communities (LUHC) Committee agreed. In a [...]
Vistry raises profit target to £325m as housing demand remains high May 17, 2021 Vistry today said its annual profit will come in higher than expectations as the housing sector benefits from a surge in demand. The housebuilder said it had a “very positive start to the year”, securing an average weekly private sales rate of 0.75, up 21 per cent on 2019. Vistry expects to complete around 6,500 [...]
Mike Ashley’s Frasers Group profits surging despite rising supply chain costs December 9, 2021 Mike Ashley’s Frasers Group has reporting surging half-year profits and forecast a jump in annual earnings despite revealing a hit for supply chain costs and pandemic uncertainty. The parent company of chains including Sports Direct, House of Fraser and Flannels reported pre-tax profits of £186 million for the six months to October 24, up from [...]
Prime London sales hit highest yearly growth since 2015 November 5, 2021 The Prime London sales market has marked the highest annual growth since September 2015, as consumer confidence bounces back. Average prices across central areas including the City of Westminster and the Royal Borough of Kensington and Chelsea increased by 1.2 per cent in the year to October. September was the sixth consecutive month of annual [...]
House prices: Property market slowdown good for long term stability July 14, 2021 Long-term stability in the housing market could be on the cards thanks to a gradual slowdown in house price growth and easing of government support, according to industry observers. Figures published by both Zoopla and Rightmove show that, although house prices are still outperforming the same period in 2019, growth compared with April and May [...]
Booming sales at Wickes as locked down Brits turned their hands to DIY June 1, 2021 Sales at Wickes boomed in the six months to 22 May, as a nation under lockdown restrictions got creative with DIY and home renovations. In a trading update this morning, the retailer, which sells various home improvement products, revealed like-for-like growth jumped some 46 per cent on the same period in 2020. Following better [...]