JCB issues warning despite sales hitting £6.5bn and profit surge amid housebuilding struggles September 23, 2024 JCB reported a steep 44.5 per cent rise in pre-tax profit to £805.8m, despite wider struggles in the UK housebuilding market.
Caterpillar: Price rises help profit pass £100m at UK arm September 20, 2024 Profit at the UK arm of Caterpillar has jumped past £100m after its international sales surged during its latest financial year. The Leicestershire-headquartered division has posted a pre-tax profit of £102.2m for 2023, up from the £74.4m it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover rose from £1.33bn to [...]
Summer of sport helps provide respite but insolvency trend continues September 20, 2024 A summer of sport and warmer weather helped provide some respite to the retail and hospitality industries in England and Wales helped the number of insolvencies dip last month compared to July, according to new figures. Around 10,000 individuals entered insolvency in August 2024, five per cent lower than July’s total but 16 per cent [...]
London developer seeks planning approval for delayed Earls Court project September 17, 2024 The Earls Court Development Company (ECDC) has officially submitted its long-awaited plans for the first phase of redevelopment for its central London site.
Henry Boot: Property developer announces higher dividend as market recovers September 17, 2024 Property developer and investor Henry Boot has announced a five per cent rise in its interim dividend on good sales and a better outlook for the property market. Its the second time the developer has upped its dividend this year – in March, it proposed a final dividend of 4.40p, an increase of 10.0 per [...]
Kier Group boss ‘confident’ of more dividends as order book nears £11bn September 12, 2024 Kier Group shares have performed exceptionally over the last year, rising over 40 per cent amid strong orders.
Labour’s housebuilding plans ‘too reliant’ on private sector September 12, 2024 An influential think tank has argued that the government is unlikely to meet its ambitious housebuilding targets because it is "too reliant" on the private sector.
Barratt Developments to partner with Lloyds and Homes England on housing project September 9, 2024 Barratt Developments has announced a joint venture with Homes England and Lloyds Bank to build thousands of new homes across the country. The partnership will bring together Barratt, one of the UK’s leading housebuilders, Homes England, the government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders [...]
How brickies built the UK’s fastest growing radio broadcaster September 5, 2024 Video may have killed the radio star, but builders are bringing it back. Fix Radio CEO Louis Timpany tells City A.M. how he built the UK’s fastest growing national broadcaster.
Overlooking the role of migrant workers will be the death of our housebuilding ambitions August 17, 2024 Labour’s pledge to get Britain building again is encouraging, but we can’t reach their targets without construction workers – and, crucially, immigration, writes Haman Manak Out of all the sectors addressed in Labour’s early days of government, housebuilding has been one of the big winners. Starmer and co have promised to build 1.5m homes over [...]