Confidence returns as Taylor Wimpey sees demand pushing up its forecasts June 30, 2011 PENT-UP demand and tight supply will prop up the UK housing market well into 2012, British housebuilder Taylor Wimpey predicted after it reported stronger margins and said it sees full-year profit forecasts being nudged higher. “Overall, we expect it [full-year pretax profit] to be slightly better than the market is currently expecting,” chief executive Pete [...]
BEST OF THE BROKERS June 15, 2011 3i GROUP Killik & Co notes that 3i issued a release this week announcing the sale of its stake in Ålö, a manufacturer of front-end loaders for tractors, for €240m. The sale sees 3i make approximately a four times money multiple on its original investment. The broker says 3i trades on a 22 per cent [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
Bovis warns over weak mortgage volumes January 14, 2011 Bovis Homes expects full-year profit to come ahead of estimates on higher selling prices and plans to restart dividends, but the housebuilder warned of a subdued year ahead. “Mortgage approval volumes remain weak, with mortgage providers requiring high levels of deposit, particularly from first time buyers,” the company said in a statement. British homebuilders are [...]
Bovis warns over weak mortgage volumes January 14, 2011 Bovis Homes expects full-year profit to come ahead of estimates on higher selling prices and plans to restart dividends, but the housebuilder warned of a subdued year ahead. “Mortgage approval volumes remain weak, with mortgage providers requiring high levels of deposit, particularly from first time buyers,” the company said in a statement. British homebuilders are [...]
ROCHESTER February 10, 2011 WHORNES PLACE, CUXTON Price: £850,000 A magical home with a unique blend of old and new qualities. This property is grade II listed and steeped in history. It even has a coat of arms inscribed above the front door. However, it has been renvovated to the highest standards of modern luxury. The walled garden is more [...]
500,000 households in negative equity December 12, 2010 CLOSE to half a million British households could be facing negative equity, according to survey released today by the Bank of England. Between four and five per cent of mortgage holders owe more than the value of their properties, it was revealed in the Bank’s final quarterly bulletin of this year. There are 11.4m mortgages in [...]
500,000 households in negative equity December 12, 2010 CLOSE to half a million British households could be facing negative equity, according to survey released today by the Bank of England. Between four and five per cent of mortgage holders owe more than the value of their properties, it was revealed in the Bank’s final quarterly bulletin of this year. There are 11.4m mortgages in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2011 FINANCIAL TIMES BHP BILLITON DIGS IN AGAINST STRIKING MINERS BHP Billiton has declared force majeure on exports from the world’s biggest copper mine, as a mineworkers’ strike entered its eighth day. The strike at BHP’s Escondida mine in Chile, which supplied 7 per cent of the world’s copper last year, comes in a month of [...]