Japanese property giant strikes £90m deal with Urban Splash to build thousands of new homes across the UK May 14, 2019 Japan’s largest housebuilder is entering the UK property market after signing a £90m deal with developers to deliver thousands of new homes across the country. In a joint venture with Homes England and Urban Splash, leading modular builder Sekisui House is planning to deliver 2,000 new residential homes a year for the next decade. Read [...]
Bovis shrugs off Brexit concerns as it eyes full-year profits ahead of expectations January 16, 2019 Housebuilder Bovis today said it expects profits to beat market consensus thanks to an increase in new homes and a wider margin. The number of new homes delivered rose three per cent on last year to 3,759, which the company said was in line with expectations. Read more: Persimmon boss picked pub for first big purchase [...]
Shares in housebuilders including Taylor Wimpey, Barratt and Persimmon drop after Berkeley warns it can’t ramp up production March 16, 2018 Shares in housebuilders dropped this morning after Berkeley said today it would not be able to ramp up production of homes, as it remained hampered by planning constraints. Taylor Wimpey, Barratt and Persimmon were among the fallers this morning, taking an early dip after Berkeley’s trading update. Shares in Berkeley meanwhile dropped more steeply and [...]
Bluewater owner Land Securities sees losses almost triple amid retail closures May 14, 2019 Land Securities, the owner of Kent’s Bluewater shopping centre, saw losses almost triple in its latest financial year as it blamed a “challenging year” full of retail closures, but still managed to bump up its dividend. Read more: JP Morgan downgrades shopping centre landlord Intu The figures The retail property giant saw losses before tax [...]
Housebuilder shares jump as market backs Prime Minister Theresa May in leadership challenge December 12, 2018 Shares in Brexit sensitive housebuilders have jumped today as the market backs Theresa May's ability to survive an impending no confidence vote. Persimmon, Taylor Wimpey, Berkeley Group and Barratt Development all saw shares increase by between 3.4 per cent to 5.5 per cent hours before Conservative MPs cast their votes on the Prime Minister’s leadership. May [...]
Coronavirus dividend cuts produce £4.4bn hit to investor portfolios March 27, 2020 With more UK firms announcing coronavirus-fuelled dividend cuts this week, the total loss of investor income so far this year is now £4.4bn. The pace of dividend cuts is accelerating as coronavirus wreaks havoc on world economies. In March 116 companies have suspended their dividends totalling £4.2bn, according to investment fund AJ Bell. That compares [...]
Persimmon share price dips in wake of Help to Buy contract fears February 25, 2019 Persimmon was among the biggest FTSE 100 market fallers this evening as fears that the property giant could lose its Help to Buy contract weighed on investor confidence. The developer will be hoping to claw back positive sentiment in the City tomorrow in its full-year profit results, after shares closed down nearly five per cent [...]
FTSE risers and fallers: Housebuilders climb on reports of Brexit delay January 11, 2019 Brexit sensitive housebuilders were the biggest risers in the FTSE 100 today after it was reported that the deadline for the UK’s departure from the European Union could be extended. Taylor Wimpey, Persimmon and Barrett Development took the top spots in the FTSE 100 today after it was revealed that a backlog of six essential bills, [...]
Who joins Lloyds Bank on this list of cheap UK shares to buy? July 22, 2019 By Graeme Evans from interactive investor. Performance of UK-exposed stocks is at an eight-year low and this is the cheapest region around. Cheap-looking UK-focused stocks were in the spotlight as asset managers increasingly turn their attention to Europe in the face of darkening skies for global equities. The attraction of European equities was highlighted by UBS in an [...]
Galliford Try boss leaves to revive struggling housebuilder Crest Nicholson March 26, 2019 Housebuilder Crest Nicholson’s shares soared this morning as it announced its chief executive is to be replaced by the boss of rival construction firm Galliford Try. Crest, whose profits fell 15 per cent last year as Brexit uncertainty hurt its core high-end market, parts ways with CEO Patrick Bergin at the firm’s annual general meeting [...]