Political risk is about more than populist election victories, as UK insurers know February 28, 2017 As the anti-globalisation stone gathers moss, political risk has been weighing on the minds of investors. Many worry that the tide of public opinion in the developed world is flowing towards tougher immigration restrictions and higher tariffs on imported goods, scrambling any chances of energising this feeble and joyless economic recovery. In the last week, [...]
The housing crisis must be tackled by both government and industry or shareholders in the housebuilding sector will continue to suffer November 29, 2016 The UK is facing a chronic housing shortage, but housebuilders’ shares have taken a hammering in recent months. On the surface it is a conundrum. However, there are many forces at play. This year's changes to stamp duty have been inflationary at the bottom end of the London market and deflationary at the top. As [...]
Housebuilder share prices drop, following the FTSE 100’s slide November 2, 2016 The share prices of housebuilders have fallen in morning trading, following the FTSE 100, which has edged downwards. Barratt Developments' share price was down 0.81 per cent, Taylor Wimpey's share price was down 0.61 per cent and Berkeley Group's share price was down 0.42 per cent. After a positive set of results this morning, Persimmon's share price bucked [...]
At the close: FTSE 100 index closes up on Hikma Pharmaceuticals, Persimmon and Taylor Wimpey December 29, 2015 The FTSE 100 index edged higher in the first trading day since Christmas, led higher by Hikma Pharmaceuticals, Persimmon and Taylor Wimpey. The UK's top blue-chip index closed 0.96 per cent higher at 6,314 points, despite losses by miners, which had benefited from a dead cat bounce in the build-up to Christmas. Read more: Oil prices crawl back up [...]
Focus On Paddington: With Crossrail, a £775m glass cube and new homes, W2 is about to become one of London’s next property hotspots February 24, 2017 Believe it or not, Paddington, synonymous for so long with its eponymous cartoon bear and its fantastic transport links, is one of the most undervalued places in Prime Central London. Within walking distance to Hyde Park, Oxford Circus and smart neighbourhoods like Mayfair and Knightsbridge, it’s nevertheless not traditionally seen as a great residential location. [...]
Taylor Wimpey chief executive Pete Redfern launches a major review into UK home ownership with Labour shadow minister John Healey February 4, 2016 Taylor Wimpey chief executive Pete Redfern will today launch a major review into British home ownership, at the request of Labour shadow housing minister John Healey. The new, independent review will be carried out by Redfern and a panel of expert advisers, including former Monetary Policy Committee (MPC) member Kate Barker and Andy Gray, former managing [...]
Housebuilders and domestically-focused stocks hit by fears of hard Brexit October 10, 2016 The aftershocks of sterling's flash crash last week are still being felt in the City with domestic stocks suffering in trading today. When markets opened in Asia on Friday, the pound fell six per cent in two minutes, a plunge thought to have been caused by automatic trading systems responding to comments by French President Francois [...]
Property, Taylor Wimpey and the US dollar: Here are some of the best investments of 2015 December 11, 2015 Investing is always a bit of gamble, creating both winners and losers. So what did this year's winners invest in? There are no prizes for guessing property continued to provide investors with a sizeable return throughout 2015. Demand continued to pull away from supply at a dizzying rate. However, growth in London's Luxury market slowed slightly. Anyone who was lucky [...]
Housebuilder share prices climb on chancellor’s £5bn stimulus package for the industry October 3, 2016 Housebuilders' share prices have been climbing today after chancellor Philip Hammond announced he would be providing a £5bn stimulus package for the industry. Hammond will be setting aside £3bn to help build 25,000 homes during the parliament and a further £2bn to encourage developers to build on surplus public land. At time of writing, Persimmon's [...]
Housebuilders’ share prices struggle towards the pre-referendum summit after positive outlook from Telford Homes and Countryside October 12, 2016 Telford Homes' share price jumped 4.7 per cent in early morning trading after the company issued a confident trading update, pulling other housebuilders towards their pre-referendum prices. Countryside Properties' shares were also on the up – increasing 3.5 per cent at time of writing – when the housebuilder said any impact from the June referendum had been mitigated. [...]