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 [...]
The week ahead, 11-15 January: FTSE housebuilders, Asos, Tesco and UK GDP January 10, 2021 London’s markets started the new year in a frenzy last week, picking up over five per cent and closing the gap on their counterparts around the world. This week is set to be a busy one for the FTSE, with a raft of companies due to provide updates, as well as key economic data in [...]
Housebuilder Vistry to reinstate dividend due to strong sales November 12, 2020 Vistry Group is planning to resume shareholder payouts next year as the housebuilder said demand for new homes had remained strong despite the second England-wide lockdown. Vistry, which was previously known as Bovis Homes, said it is on track to report full-year profit before tax at the top end of its expected range of £130m [...]
Vistry Group’s forward sales boom following first-half loss September 8, 2020 Vistry Group swung to a pre-tax loss in the first half of the year but said it expected sales to bounce back in the aftermath of the coronavirus lockdown. The figures Vistry Group posted revenue of £606.4m in the six months to the end of June, up 28 per cent on the same period last [...]
Persimmon’s first-half profit slumps before market rebound August 18, 2020 Housebuilder Persimmon’s pre-tax profit tumbled 42 per cent in the first half of the year, but the company said it had had an “excellent start” to the second half as market sentiment improved. The figures Persimmon’s profit before tax fell 42 per cent to £292.4m in the six months ending 30 June, down from £509.3m [...]
London house prices flatline amid coronavirus uncertainty July 10, 2020 London house prices stayed flat in the second quarter of this year as coronavirus took an uneven toll on the property market across the country, according to new figures. The Halifax house price index on Tuesday showed that UK house prices fell for the fourth month in a row in June. That meant house prices [...]
Stamp duty holiday: Industry reacts to property tax cut July 8, 2020 The UK property sector has reacted to the stamp duty holiday announced this afternoon, with many believing it will help to reinvigorate the market following months at a standstill during lockdown. Chancellor Rishi Sunak said this afternoon that the stamp duty threshold will increase from £125,000 to £500,000 until March next year to boost activity [...]
Housebuilder Vistry to cut jobs after acquisition of Galliford Try’s homes unit May 20, 2020 UK housebuilder Vistry warned it will cut more jobs as it continues to consolidate operations following Bovis Homes’ acquisition of and Galliford Try’s residential business. The firm, which was called Bovis until the merger last year, said a consultation on reducing its employee headcount was ongoing, and it expected the cuts to result in annual [...]
Taylor Wimpey plans to start reopening construction sites next month April 23, 2020 Housebuilder Taylor Wimpey has announced plans to reopen the majority of its construction sites in England and Wales at the start of May. Taylor Wimpey will be the first major housebuilder to reopen sites after weeks of lockdown. The firm said site management teams will return on 4 May, with the first subcontractors returning on [...]
Coronavirus dividend cuts produce £4.4bn hit to investor portfolios March 27, 2020 With more UK firms announcing coronavirus-fuelled dividend cuts this week, the total loss of investor income so far this year is now £4.4bn. The pace of dividend cuts is accelerating as coronavirus wreaks havoc on world economies. In March 116 companies have suspended their dividends totalling £4.2bn, according to investment fund AJ Bell. That compares [...]