Estate agent Lambert Smith Hampton is up for sale December 15, 2016 Countrywide has put estate agents Lambert Smith Hampton up for sale, according to reports. According to Estates Gazette, Countrywide are hoping for a sale to close next month and is making the sale through Deloitte. Read more: FTSE reshuffle: Travis Perkins, DFS and Countrywide are on the way out Countrywide issued a profit warning last [...]
DFS chairman to step down having overseen stock exchange return December 12, 2016 The chairman of one Britain's best loved sofa firms will relax and pop his feet on foot stool from next Spring after it was announced he was stepping down. DFS's chair Richard Baker will leave the post next year after six years in the role. Read more: FTSE reshuffle: Travis Perkins, DFS and Countrywide are on [...]
FTSE reshuffle: Three blue-chip relegations are on the cards this week November 28, 2016 A Russian gold producer, a builders’ merchant and a shopping centre owner could face relegation from the FTSE 100 this week. Building materials company Travis Perkins, which issued a profits warning in October, Polymetal International, which has suffered due to a gold price drop since the US election, and shopping centre owner Intu, whose shares have [...]
The pound’s doing what the pound does best October 19, 2016 Of course it was too good to be true. Yesterday, the FTSE 100 rose and the pound was up by more than one per cent against the dollar and the euro. But those who said such a mighty jump to the giddy highs of $1.23 and €1.12 (compared to $1.48 and €1.30 back in June), [...]
Travis Perkins’ share price pushed higher despite a disappointing summer and an impairment charge over its plumbing business March 3, 2016 Building material supplier Travis Perkins has posted a 7.6 per cent rise in core profits and forecast a better year than last in 2016, after warning earnings would be at the lower end of expectations in October. Pre-tax profits in 2015 were down 30 per cent to £224m, negatively impacted by a £141m impairment charge to its plumbing business due to “challenging market conditions”. [...]
Building suppliers to provide health check for UK construction July 31, 2016 Two building materials suppliers' results next week will shed light on the outlook for the UK construction industry. Builders across the country rely on the likes of Travis Perkins and Ibstock for their bricks, cements and roofing materials — meaning their results act as a litmus test for the wider sector’s health. Read more: This company just proved bricks [...]
Trade association asserts that builder’s merchants sales are strong August 4, 2016 The trade association representing builder's merchants has stressed today that sales are in the industry are strong after construction supplier Travis Perkins said that it had been hit by the Brexit vote. The Builders Merchants Federation said sales in the sector were up were up 3.1 per cent in June as compared to the same period last [...]
Housebuilders and domestically-focused stocks hit by fears of hard Brexit October 10, 2016 The aftershocks of sterling's flash crash last week are still being felt in the City with domestic stocks suffering in trading today. When markets opened in Asia on Friday, the pound fell six per cent in two minutes, a plunge thought to have been caused by automatic trading systems responding to comments by French President Francois [...]
Housebuilders’ share prices suffer after construction output falls August 2, 2016 The post-Brexit vote rollercoaster for UK housebuilders is getting a bit predictable. After disappointing construction data was released this morning – albeit not as bad as expected – the big housebuilders' shares have taken a hit once again. Read more: Construction output tumbles at fastest pace since 2009 At time of writing, Berkeley Group's share price was [...]
Uber’s chief executive Travis Kalanick has stepped down from the ride-hailing company June 21, 2017 Travis Kalanick, the controversial chief executive of Uber, has stepped down from his post, the company has confirmed. Kalanick helped set up the ride-hailing behemoth, but faced a shareholder revolt which forced his hand, according to the New York Times. Yesterday five investors called for his resignation, and wrote a letter to Kalanick outlining their [...]