Shares in Persimmon, Vistry and Barratt soar as Labour victory boosts market outlook July 5, 2024 Shares in property firms Persimmon, Vistry and Barratt have surged this morning as analysts label the Labour landslide victory a "positive" for house builders.
Vistry: Shares rise on positive outlook despite falling profit from ‘exceptional expenses’ on Grenfell fire safety changes March 22, 2023 Vistry’s shares rose this morning despite a fall in profit as the company set out a positive outlook for the coming year. The Kent-based housebuilder’s pretax profit fell to £247.5m from £319.5m the year before, a fall of 23 per cent. It set aside cash to make buildings fire safe in the wake of the [...]
Vistry and Crest shares rise as investors pin hopes on cooling rates and housing recovery January 8, 2024 Experts at the high street bank Barclays were reviewing price targets and ratings for a number of property groups.
Cairn Homes reports 2020 profit slump as pandemic knocks down housebuilding March 4, 2021 Irish housebuilder Cairn Homes saw profit drop sharply in 2020 as Covid-19 restrictions battered the property industry. Cairn reported an operating profit decline of almost two thirds to €24.4m from €68m a year earlier. Meanwhile, revenue fell 40 per cent to €262m from €435m in 2019, while earnings per share plummeted at a similar rate [...]
Competition watchdog probes Barratt’s multi-billion pound Redrow deal March 15, 2024 The competition watchdog is to investigate Barratt’s £2.5bn acquisition of rival housebuilder Redrow.
Hundreds of affordable London homes in pipeline as part of £276m scheme January 23, 2024 A housing developer, owned by FTSE 250 firm Vistry, has bagged a £276m scheme to build 739 new homes in Colindale, North West London. Countryside Partnership was named as the preferred developer by the Greater London Authority (GLA) and the Mayor’s Office for Policing and Crime (MOPAC), who are bringing the scheme forward. Some 60 [...]
Vistry to resume dividends after housebuilder reports strong 2020 performance January 12, 2021 Vistry has announced it will resume dividend payouts after a strong second half performance, with the housebuilder expected to report 2020 profit of around £140m. The FTSE 250 developer said this morning that it is planning a “modest” final dividend when it announces its full-year results next month. The company said the decision to resume [...]
Crest Nicholson set to accept £720m Bellway bid as housebuilders eye tie-up July 10, 2024 Crest Nicholson is set unanimously to recommend a revised all-share offer from rival FTSE 250 housebuilder Bellway that values the firm at £720m.
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. [...]
Regulator finds ‘fundamental concerns’ in housebuilding market after year-long investigation February 26, 2024 The Competition and Markets Authority (CMA) has published its final report on the housebuilding market in Great Britain today, and it makes for daming reading for the sector.