Galliford in boost from new homes February 23, 2011 HOUSEBUILDER and construction company Galliford Try’s first-half adjusted pre-tax profit rose 29 per cent on a pickup in housebuilding demand, and the company raised its interim dividend by 36 per cent. The company, which was founded by W S Try in 1908 as a construction business carrying out work in west London, said that housebuilding [...]
Galliford in boost from new homes February 23, 2011 HOUSEBUILDER and construction company Galliford Try’s first-half adjusted pre-tax profit rose 29 per cent on a pickup in housebuilding demand, and the company raised its interim dividend by 36 per cent. The company, which was founded by W S Try in 1908 as a construction business carrying out work in west London, said that housebuilding [...]
Housebuilder warns of mortgage famine November 4, 2010 NUMBERS of house sales will continue to drop even lower and the UK is at risk of a “mortgage famine” unless the government acts to boost the market by helping buyers to take out loans, said the housebuilder Redrow yesterday as it announced its third quarter results. “Deliberately suppressing housing demand at the very time that [...]
Redrow April 27, 2010 NO ONE can deny that Redrow’s management team has engineered an impressive recovery. With the once moribund housing market showing signs of life, the firm says that sales rates per outlet are comfortably ahead of the same period last year. Falling prices and soaring cancellation rates are also showing signs of stabilisation. Unlike some of [...]
Redrow on way to profit April 26, 2010 HOUSEBUILDER Redrow expects to return to profitability in the second half of 2010 as market conditions continue to improve. The FTSE 250 group says it has been “encouraged” by sales activity since the start of the calendar year. It is likely to legally complete more than 2,500 homes this year with sales rates per outlet [...]
FTSE 100 nudges higher on oil firms but miners miss out December 14, 2010 BRITAIN’S leading share index pushed higher yesterday, led by energy stocks with BP boosted by Royal Dutch Shell bid interest talk. The FTSE 100 index ended up 30.46 points, or 0.5 per cent at 5,891.21, a closing level not seen since June 2008. “Volumes remain thin, but the FTSE keeps going up, with oils adding [...]
FTSE 100 nudges higher on oil firms but miners miss out December 14, 2010 BRITAIN’S leading share index pushed higher yesterday, led by energy stocks with BP boosted by Royal Dutch Shell bid interest talk. The FTSE 100 index ended up 30.46 points, or 0.5 per cent at 5,891.21, a closing level not seen since June 2008. “Volumes remain thin, but the FTSE keeps going up, with oils adding [...]
BEST OF THE BROKERS September 22, 2010 ATKINS Execution Noble rates the support services firm a “buy” with a fair value price of 900p. The broker says the firm’s management is confident in long-term demand for infrastructure, but adds that near-term growth prospects remain uninspiring. Execution predicts revenue of £1.54bn in 2011, a rise of 11 per cent on this year. REDROW [...]
Gladedale hit by £78m loss after crisis fix August 30, 2010 BRITAIN’S largest private housebuilder crashed to a £78m loss last year as a debt-for-equity swap and a group restructuring piled costs onto its struggling balance sheet. The Gladedale Group, whose projects include the luxury Quartermile housing development in Edinburgh, fell heavily into the red after a huge overhaul in the autumn that wiped out its [...]
Redrow warns on mortgages February 25, 2010 HOUSEBUILDER Redrow slashed its first-half losses following a pick-up in the number of sales and an increase in prices but warned that a lack of mortgages is still causing problems. Completions climbed 21 per cent to 1,266 for the six months to December with the average selling price of homes rising 3.6 per cent to [...]