Bellway cautious on trading after coronavirus lockdown forces house sales down June 9, 2020 British housebuilder Bellway sold about 1,000 fewer homes between August and May, after it closed its centres because of the coronavirus lockdown. The Newcastle-based company, which has restarted construction activity on around 230 sites, warned this morning that it expects sales activity to be “severely constrained”, driving shares down 2.7 per cent. Bellway sold 6,721 [...]
FTSE 100 and Wall Street strike an upbeat tone to start the week April 26, 2021 Soaring copper prices and hopes of a summer holiday pushed the FTSE 100 to close higher on Monday while Wall Street rose ahead of a busy week for big tech earnings. London’s blue-chip index came under pressure this morning due to a stronger pound and weaker oil prices. However comments made by Ursula von der [...]
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 [...]
Taylor Wimpey results in the City spotlight as market jitters linger January 6, 2019 Housebuilding giant Taylor Wimpey is set to reveal its future outlook later this week against a backdrop of lower activity and growing uncertainty across many parts of the UK’s property market. Traders will be turning their attention towards the blue-chip constituent, which is releasing its full-year trading statement on Wednesday, as City caution looms large [...]
Persimmon cancels dividend and begins shutdown of sites March 25, 2020 Persimmon is the latest housebuilder to cancel its dividend in an attempt to conserve cash as coronavirus uncertainty hits sales. The housebuilder said the period of uncertainty will lead to a delay in the timing of legal completions, a rise in cancellation rates and a material slowdown in new sales for Persimmon. As such the [...]
Taylor Wimpey shares jump as housebuilder maintains expectations despite uncertainty January 9, 2019 Taylor Wimpey saw its share price rise today as it remains on track to meet its full-year expectations, despite the slowing housing market. In an eagerly-anticipated trading update the housebuilder said total house completions increased three per cent in 2018 to 14,947, while total order book value was £1.78bn, up from £1.62bn the same time last [...]
Wall Street closes just shy of record on renewed hopes of Covid-19 vaccine November 9, 2020 Wall Street surged ahead today as news of the first successful late stage Covid-19 vaccine trials bolstered hopes of the global economy emerging from a year of pandemic-driven crisis, with the S&P 500 and Dow Jones opening on record highs. News that Pfizer’s experimental vaccine was found to be more than 90 per cent effective [...]
MJ Gleeson braces for £100m revenue hit after coronavirus lockdown June 15, 2020 Housebuilder MJ Gleeson has predicted that revenue will fall by more than £100m for its upcoming full-year results, in the wake of the coronavirus lockdown. Shares in the construction group fell one per cent this morning, as it said turnover for the year to June 30 is expected to slump 42 per cent to £145m. [...]
FTSE 100 on course for monthly decline as record GDP drop confirmed September 30, 2020 FTSE 100 flat as government figures confirm a masssive fall in UK GDP
Markets live: FTSE 100 rises as investors eye Fed decision July 29, 2020 The FTSE 100 hung on to gains and US stocks rose as investors eyed potential stimulus from the US Congress and Federal Reserve and a torrent of earnings reports delivered mixed results. London’s blue-chip index rose 0.1 per cent to 6,135 points. The FTSE 250 of smaller firms fell 0.1 per cent, however. Read more: [...]