Persimmon positive on future growth despite tough market November 13, 2012 HOUSEBUILDER Persimmon yesterday warned that the housing market continues to be challenging with mortgage availability the key constraint, but it was optimistic of future growth. In a third quarter update, the group said weekly sales rates were around four per cent higher on the previous year, down slightly from the five per cent reported in [...]
Inflation on the way up again as energy bills and tuition fees strike November 11, 2012 INFLATION will be back in the spotlight tomorrow when official figures are released, followed by the Bank of England’s quarterly Inflation Report on Wednesday. While the Consumer Price Index (CPI) fell to 2.2 per cent in September, it is expected to increase again due to rising tuition and energy bills. “We expect the CPI to [...]
THE TIPSTER | Rebuilding dominance September 24, 2012 AS TALK of a housing recovery gains momentum, investors may be looking to add growth-orientated stocks to their portfolio. Persimmon has seen tough times since the onset of the financial crisis, with shares falling from their peak above 1,500p. However, the house builder has added 67 per cent to its share price this year and [...]
Housebuilder Barratt posts strong bounce in profit September 12, 2012 Housebuilder Barratt Developments posted a strong bounce in profits this morning, up 159 per cent over the year to 30 June. Investment in higher margin land and an increase in volumes helped to flatter profits over the period. Group revenues jumped 14.1 per cent to £2.3bn, with completions of 12,637 units over the year. Average [...]
Persimmon bucks the gloom to deliver a surge in earnings August 21, 2012 PERSIMMON reported a surge in half year profits yesterday as it focused on selling higher priced family homes in more affluent areas of the country, but warned that mortgage conditions for homebuyers remained tough. The UK’s largest housebuilder by market value said pre-tax profits rose 65 per cent to £98.7m in the six months to [...]
Barratt will pay dividend in 2013 as profit surges September 12, 2012 HOUSEBUILDER Barratt Developments yesterday posted a strong bounce in profits, up 159 per cent over the year to 30 June. Pre-tax profit increased to £110.7m, up from £42.7m over the same period in 2011. Investment in higher margin land and an increase in housing volumes flattered the numbers, as Barratt completed 12,637 properties over the [...]
Persimmon in house sale lift July 3, 2012 HOUSEBUILDER Persimmon said yesterday it had made an excellent start to its new strategic plan by completing more new homes, attracting more viewers and selling them for a higher fee, giving it confidence for the full year. The group followed other property developers by saying that market conditions had been relatively stable despite sentiment being [...]
Market awaits public finance and GDP news August 19, 2012 HIGHLIGHTS for the economic week ahead will be tomorrow’s release of UK’s public finance data, followed by the revision of the second quarter’s GDP figures on Friday. While analysts fear there will only be a small surplus for the July finances figure – or possibly a loss – market watchers believe there will be some [...]
Persimmon says new strategy paying off July 3, 2012 British housebuilder Persimmon said it had made an excellent start to its new strategic plan by completing more new homes, attracting more viewers and selling them for a higher fee, giving it confidence for the full year. Britain’s largest householder by market value followed other property developers by saying that market conditions had been relatively [...]
Housebuilder Bellway enjoys strong sales June 8, 2012 Housebuilder Bellway announced today that it had enjoyed a “resilient” spring selling season, with visitor levels and reservation rates having surpassed expectations. This successful period meant that Bellway’s target set at the beginning of the financial year of achieving 5 per cent volume growth is now “secure”. Reservations increased following the introduction of government scheme [...]