UK house price growth slows to 1.9 per cent in May July 19, 2023 The average price of a UK house cost £286,000 in May, according to new government data, with the figure being £6,0000 up on 12 months ago – but £7,000 below its September peak. Average UK house prices increased by 1.9 per cent in the 12 months to May 2023, down from a revised 3.2 per [...]
FTSE 100 close: China reopening boosts Antofagasta and London miners January 9, 2023 London’s FTSE 100 has today extended its robust start to the new year, fuelled by mining giants clinching gains on investors betting commodity prices are on the rise as China dismantles pretty much all of its Covid-19 restrictions. The capital’s premier index jumped 0.33 per cent to close at 7,724.93 points on the opening day [...]
FTSE 100 close: London ends week flat after house price slump and US payroll figures September 1, 2023 London's FTSE 100 index started Friday in the green on a quiet results day, as investors look to US payroll figures after lunch for signals of more rate hikes.
GKN owner Melrose starts unit sale as annual profit plummets March 4, 2021 Melrose Industries said on Thursday it had begun processing the sale of its Nortek air-conditioning division as the company posted a steep fall in annual profit. The company, which owns jet and car parts supplier GKN, said Nortek is trading “very strongly” and that there was no guarantee a sale would take place. Melrose’s adjusted [...]
Surging house prices fuels revenue growth at Persimmon July 8, 2021 Housebuilder Persimmon posted a strong set of results for the first six months of the year, driven by surging house prices. Revenues climbed to £1.84bn in the first half of 2021, up from £1.75bn over the same period in 2019 – before the pandemic struck. Income for 2020 was £1.19bn. Surging house prices driven by [...]
Barratt expects higher profits as home completions increase July 14, 2021 Barratt expects profits to be at the “top end” of market expectations, it announced this morning, amid a boom in home completions. The housebuilder delivered 17,243 homes in the year ended 30 June 2021 – 5,000 more than the year before, according to the company’s trading update. Despite the pandemic Barratt built more homes than [...]
Almost all UK housebuilders’ revenues fell as fewer homes built during covid July 13, 2021 Only one of the biggest housebuilders in Britain has seen an increase in its revenue and built more homes in 2020, new research shows. The latest research from Warwick Estates has revealed that Vistry Group was the only major house builder which saw improved performance in terms of the number of houses delivered, and in revenue. The [...]
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 [...]
Jobs optimism among employers soars to eight-year high May 17, 2021 Optimism among UK employers has hit an eight-year high, with all sectors expecting a post-Covid jobs recovery, according to a new survey. Jobs in the public, private and voluntary sector are all set to surge and pay prospects have also improved, according to the latest labour market outlook report from the Chartered Institute of Personnel [...]
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 [...]