It’s time Chicken Licken Remainers admitted the sky hasn’t fallen in post-Brexit September 8, 2016 Before the referendum, the Remain camp did not hold back from listing the catastrophic consequences of Brexit. The banks and financial services sector would abandon London overnight, they said. Vital funding would be lost for farming, science and regeneration schemes. The British economy would immediately stall, then spiral into a crash. Eleven weeks on from [...]
Should investors be buying shares in Brexit-battered housebuilders? June 29, 2016 Despite something of a recovery on the stock markets in recent days, some sectors out there are still looking pretty rough. Housebuilders are among them. So bad was the post-referendum sell-off, trading in FTSE 100 listed firms was temporarily suspended on Monday as their share prices were hit by two consecutive days of double-digit falls. [...]
Taylor Wimpey purchases plots from Land Securities at Ebbsfleet Garden City April 25, 2016 Land Securities has sold over 500 plots to Taylor Wimpey at Ebbsfleet Garden City. It was announced today that FTSE 100-listed Land Securities had exchanged contracts with Taylor Wimpey for the sale of 539 residential plots at Castle Hill, which is one of three planned modern villages in the Eastern Quarry development and forms part [...]
Demolition derby: Housebuilders trigger circuit breaker as their shares head for a second day of falls June 27, 2016 Shares in all the FTSE 100-listed housebuilders were suspended from trading for five minutes this morning as housebuilders fell for the second consecutive trading day. Taylor Wimpey was the first to trigger the London Stock Exchange's so-called circuit breaker by falling more than eight per cent on its opening price, causing it to be suspended for five minutes, as investors showed their nerves over [...]
UK Budget: Housebuilders’ shares jump after chancellor George Osborne’s speech March 16, 2016 Housebuilders took off after the chancellor delivered his Budget today, announcing plans to speed up investment plans in priority areas. Persimmon's share price rose over 2.5 per cent on the speech, while Taylor Wimpey rose over 3.5 per cent. Barratt Developments was up over 3.4 per cent. Berekeley Group also rose by close to 1.5 per cent. "Reform [...]
Week ahead: Brexit fears set to hang over FTSE earning reports July 4, 2016 The market is bracing itself for a slew of Brexit induced profit warnings this week as we enter the early stages of reporting season. After the UK’s shock vote to leave the European Union triggered a sharp sell off, the FTSE 100 has rebounded strongly – pushed on by international earners. The blue-chip index ended [...]
Housebuilding is the new black: Persimmon share price rises as profits leap 34 per cent February 23, 2016 Another day, another bit of good news coming out of the housebuilding sector, after Persimmon reported a 34 per cent jump in pre-tax profits. The figures Underlying pre-tax profits rose to £637.8m in the year to the end of December, up 34 per cent on last year's £475m, while full-year revenues rose 13 per cent to £2.9bn. The company said legal completions jumped eight [...]
At the close: FTSE 100 bulldozes over Brexit concerns as oil and metal prices climb June 6, 2016 The FTSE 100 managed to kick off the week with a rise today, finishing up one per cent at 6,273.40 points. A jump in commodity prices managed to offset fears of Brexit that dragged down house builders. A flurry of recent polls have put the leave campaign neck-and-neck with remain as the 23 June vote draws nearer. The news [...]
These are eight surprise winners and losers from the EU referendum July 23, 2016 Today is the one-month anniversary of the EU referendum. After years of debating whether or not a referendum on EU membership would be held, on 23 June the UK's voting populace trudged to polling stations and decided 52 per cent to 48 per cent to leave the organisation. Here are eight of the (perhaps surprising) winners and [...]
City Moves for 24 July 2015 | Who’s switching jobs July 23, 2015 CVC Credit Partners Chris Fowler has been appointed managing director in the asset management and investment firm’s private debt team. Based in London, he joins from GE Capital, where he was managing director in the mid-market leveraged finance origination team. Fowler began his career at Morgan Stanley. Lloyds Bank Commercial Banking The bank has announced [...]