Taylor Wimpey axed 450 jobs as construction giant sounds housing market warning April 27, 2023 Up to 450 jobs have been cut as home construction firm Taylor Wimpey as it looks to deliver £19m in cost savings. Ahead of its AGM today, the London-listed firm said spring had helped in year to date sales, while severe challenges remained for first time buyers still. In a trading update, it said a [...]
Investors hope for answers after Ashtead profit warning December 3, 2023 Investors in British equipment rental firm Ashtead will be combing through the firm's half-year results on Tuesday for greater clarity after a November profit warning sent shares tumbling.
Tatton AM: Meet the one asset manager actually doing well right now April 16, 2024 Customers actually putting money into asset managers, rather than withdrawing billions, may seem like an unbelievable situation nowadays, but Tatton Asset Management is the rare exception. The AIM-listed company’s assets under management jumped by a whopping 27 per cent in the last year, after investors poured billions into their funds. Tatton AM now manages £17.6bn [...]
Grafton revenue falls but group expects boost from Irish housebuilding blitz May 2, 2024 Grafton attributed the change to “prevailing macroeconomic conditions” as well as “exceptionally wet weather in Ireland”, which hurt demand.
No light at end of the tunnel: HS2 delay leading to higher costs as London Euston link nearing £5bn March 27, 2023 Delays linking up HS2 and Euston will mean extra costs and potentially even higher spending, the National Audit Office has warned ministers. A near 50-page report, looking specifically at the Euston element of the much delayed high-speed line, concluded that a “reset” in 2020 had “not succeeded”. It comes after Transport Secretary was criticised earlier [...]
HS2 boss: We didn’t know how much Euston would cost to deliver until last year April 24, 2023 HS2’s chief executive Mike Thurston told the Public Accounts committee today that the Euston development of the project was a long way from its initial target – and that the costs of the last stretch of the line into London were poorly understood until 2022. Thurston told the committee “candidly, it was only until we [...]
Entain shares bounce as activist investors pile on pressure November 23, 2023 The activist investors are concerned for Entain’s recent poor performance in its core markets and the ability of its chief executive.
We can’t tax our way to net zero, but we can nudge Brits towards it October 17, 2023 Brits have pushed back against mass spending on net zero, but that doesn't mean minister should throw their arms up and give up on nudging them towards a green transition, writes Laura Hinton
German economy shrinks in 2023 – and little sign of a turnaround January 15, 2024 Ruth Brand, president of Destatis, said that economic development in Germany "faltered...in an environment that continues to be marked by multiple crisis".
House prices dip unexpectedly as interest rates continue to dampen demand August 30, 2024 House prices dipped unexpectedly for the first time since April this month, but a closely watched survey today suggests that the outlook for the property market is likely to strengthen as interest rates are reined in. In its closely watched house price index today, mortgage lender Nationwide said British house prices slipped by 0.2 per [...]