Proxy backlash: City anger at firms trying to limit exec payouts April 9, 2024 So-called proxy advisers are facing mounting anger in the City after urging shareholders to reject the paypackets of executives at two FTSE 100 firms.
Grand Designs’ Kevin McCloud: Big builders are artificially driving up house prices for profit April 7, 2024 Most of the issues in the market can be traced back to the big builders that dominate the sector, TV presenter Kevin McCloud, told City A.M.
Abrdn shareholders should oppose finance chief’s £675k salary says proxy advisor as boss handed £800k bonus April 4, 2024 An influential proxy advisor has urged Abrdn shareholders to vote against the asset manager’s pay report due to its new chief financial officer’s £675,000 salary, despite his pay matching the job he was poached from.
Persimmon braces for ‘challenging year’ as company reports huge drop in house completions March 12, 2024 House builder Persimmon expects 2024 to be another “challenging year,” as elevated interest rates are continuing to bruise the sector.
Berkeley and Persimmon to reveal housebuilder pain of interest rate hikes March 10, 2024 UK housebuilders are set to shed light on the state of the fragile property market amid a number of key updates from firms next week. Shareholders are braced to see accounts for Persimmon, Berkeley and Vistry all show a fall in sales numbers after higher interest rates weighed heavily on activity last year. Interest rates [...]
FTSE 100 close: Housebuilders drag London’s premier index into the red after CMA warning February 26, 2024 The biggest news of the morning was the Competition and Markets Authority's (CMA) announcement that it had found "fundamental concerns" with the housebuilding market.
Saltine: The coolest new neighbourhood place to eat this weekend February 3, 2024 With the local good and the great flocking in, we’d recommend you get down to Saltine to experience a small slice of real quality cooking.
Barratt: FTSE 100 developer will bank on mortgage cuts for sales lift February 3, 2024 Barratt Developments will update investors on its half year trading performance this Wednesday, with hopes that cooling mortgage rates will boost its balance sheet.
Crest Nicholson’s profit slumps over high-cost ‘legacy sites’ as potential £13m legal bill looms January 23, 2024 Crest Nicholson reported a slump in profits for 2023 amid runaway costs and has prepared for a possible legal bill of £13m over a 2021 fire, after the FTSE 100 housebuilder issued a profit warning last week.
Housing slump continues as Marshalls cost-cutting fails to halt revenue slide January 18, 2024 In a trading update, published today, Marshalls said actions to save around £11m annually, including factory mothballing, shift slashes and business re-shuffling couldn't prevent year-on-year group revenues falling by seven per cent to £671m.