Ben Hardy on EastEnders and his new LGBTQ film Unicorns: We’re all multi-faceted. Why stick to one label?
Redrow: Another housebuilder warns on ‘standstill’ market as mortgage rates bite September 13, 2023 Redrow has become the latest housebuilder to be battered by a cratering market as it posts a four per cent slide in profit before tax to £395m in its full year results.
John Allan: Tesco chair mulls legal action over sexual misconduct allegations May 26, 2023 John Allan, the outgoing chief of Tesco, has hired a law firm to defend himself after he was accused of engaging inappropriately with women during his tenure at the CBI. “I’m determined, as far as I possibly can, to prove my innocence,” Allan told the Times, revealing that he has hired media law firm Schillings [...]
Coronavirus: Barratt Developments furloughs 85 per cent of staff April 16, 2020 Housebuilder Barratt Developments today announced it has temporarily laid off 85 per cent of its staff through the government coronavirus job retention scheme. Furloughed employees will receive full pay until at least the end of next month, the company said this morning. The developer also said both the executive and non-executive teams had agreed to [...]
FTSE 100 live: London closes in the red as Barratt and Sainsbury’s drag index lower February 7, 2024 The biggest news in London this morning was the merger between FTSE 100 house-builder Barratt and Redrow, which is listed on the FTSE 250.
Shares in UK housebuilders slump as inflation woes increase prospect of rate hikes June 21, 2023 Shares in some of the UK’s biggest housebuilders closed down today after Berkeley Group warned that its sales could fall by up to 20 per cent as rising mortgage rates rock the housing market. Berkeley’s share price fell around 3 per cent this morning following its announcement, but recovered slightly closing down 1.56 per cent. [...]
Barratt warns of ‘uncertain’ year ahead as number of house builds falls October 18, 2023 The London-listed firm said it only built 9,221 homes down from 13,000 compared to the same period last year.
Belvoir weathered mini budget interest rate storm with small dip in profit March 27, 2023 Belvoir reported a small dip in pre-tax profit this morning as its chief cited a “general pressure on interest rates” from the mini-budget for its results. For the year, the London-listed property firm reported pre-tax profits dip two per cent to £9.1m from £9.3m, saying the budget from Liz Truss shook the market. The Lincolnshire headquartered [...]
Shares jump for housebuilders as stamp duty survives mini-budget u-turns October 17, 2022 Shares jumped for this afternoon after stamp duty cuts survived Jeremy Hunt’s mini-budget backtrack. Major players like Barratt Developments, Persimmon and Taylor Wimpey all saw their stock rally after the new chancellor’s emergency statement this morning. Barratt’s shares climbed nearly four per cent, whilst Persimmon and Taylor Wimpey were up nearly five per cent. Hunt [...]
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Berkeley shares at 12-month high as investors regain confidence in UK’s property market December 4, 2023 Shares in high-end housebuilder Berkeley stand at a 12-month high, as investors are beginning to regain hope in the UK property market after a torrid few months. The FTSE 100 firm is set to post its half year results on Friday, with its cheery outlook boosted by plans by boss Rob Perrins to storm ahead [...]