England housing stock increases but housebuilders still fall short of target November 15, 2018 The number of new homes completed in England in the last year reached its highest level in a decade, but growth has plummeted as Brexit uncertainties take hold. Just over 222,000 more homes were added to England’s housing stock in 2017-2018, according to figures released today by the minister of housing, communities and local government (MHCLG). [...]
Industry veteran Steve Morgan retires from housebuilder Redrow November 7, 2018 While much of today’s property talk has revolved around the bonus-related resignation of Persimmon boss Jeff Fairburn, rival housebuilder Redrow also bid its farewell to founder and chairman Steve Morgan. The industry veteran, who set up the FTSE 250 company in 1974, revealed he was retiring this morning a decade on from returning to the [...]
Is there any justification for keeping Help to Buy? September 7, 2018 Is there any justification for keeping Help to Buy? David Campbell, group sales and marketing director at Telford Homes, says YES. Help to Buy is a wonderful policy that has enabled around 246,000 people to get onto the property ladder – 81 per cent of whom were first-time buyers. Many of these buyers would not have [...]
The Last Supper: World famous chef Nobuyuki Matsuhisa on why he’d have a simple meal of steamed rice, sushi and fresh fruit for his last meal on earth December 6, 2018 “I was born in Japan and grew up there, so that culture and food is a big part of who I am. That’s why, for my last supper, I’d like to eat very traditional Japanese food: steamed rice, miso soup, grilled fish like salmon, then Japanese pickles and seaweed. I’d also like my wife or [...]
Berkeley Group chairman Tony Pidgley on Brexit, buildings and bonus backlashes January 16, 2019 Tony Pidgley is a staunch defender of his trade, as you would expect Britain’s best-known housebuilder to be. So it comes as something of a surprise when, asked about the huge row that hit his sector last year when fellow housing boss Jeff Fairburn took a £75m bonus, he does not come down on Fairburn’s [...]
Boss’s £110m bonus package “tarnishes Persimmon’s name” says riled major shareholder Aberdeen Standard, as AGM results “too close to call” April 25, 2018 One of housebuilder Persimmon’s top-ten shareholders has blasted the “excessive” pay of its boss Jeff Fairburn for “tarnishing” the company’s name, at its annual general meeting (AGM) earlier today. Euan Stirling, head of stewardship at Aberdeen Standard Investments which owns 2.3 per cent of Persimmon, explained that his firm had voted down Persimmon’s pay report [...]
Pay at Persimmon could cause shareholder revolt as investors baulk at boss’s £100m bonus April 22, 2018 Housebuilder Persimmon could take a battering at its annual general meeting (AGM) on Wednesday, as disgruntled investors prepare to turn down a pay report which handed its chief executive a £100m bonus. Though Jeff Fairburn will only receive £75m of the reward, having pledged in February to give up £25m to a charitable trust, several [...]
Persimmon in close shave as almost half of shareholders refuse to permit pay report which awarded boss £110m April 25, 2018 Homebuilding giant Persimmon just about managed to keep its house in order today, narrowly avoiding a full-blown shareholder revolt at its AGM. The housebuilder had been in hot water over a long-term incentive plan (LTIP), approved by shareholders in 2012, which awarded its boss Jeff Fairburn a massive £110m bonus. Although Fairburn has agreed to [...]
UK housebuilder Persimmon posts £2.76bn revenue in first quarter April 25, 2018 Forward sales revenue for Persimmon was up 8 per cent in the first quarter of this year to £2.76bn, the UK housebuilder announced today ahead of its annual general meeting tonight. The company also revealed that it had sold 9,048 new homes this year, up from 8,928 over the same period last year. Average selling [...]
Berkeley boss Tony Pidgley has made an ominous call about the future of London’s housing market June 21, 2018 Legendary housebuilder Tony Pidgley is primarily known for three things. Firstly, he was a Barnardo’s baby, subsequently adopted by a family of gypsies. Secondly, from such humble beginnings he rose to become one of the UK’s highest-paid business chiefs. And thirdly, he is credited with calling the house price crash at the end of the [...]