Shares in banks and housing firms rise on sharp inflation slowdown December 20, 2023 Shares in banks and housebuilders jumped on Wednesday morning after fresh inflation data came in lower than expected, boosting hopes for interest rate cuts in the first half of next year.
Taylor Wimpey warns of more housing pain – but better profits than first expected November 9, 2023 The FTSE 100 firm’s trading update mimicked that of its rival Persimmon, who on Tuesday warned of market trouble next year, while simultaneously raising the number of homes it plans to build.
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Persimmon’s share price up despite warning of ‘highly uncertain’ year ahead November 7, 2023 House builder Persimmon saw its share price close over six per cent today despite the firm warning of uncertainty next year, in a sign that markets may be cautiously restoring their faith in the housing market. The FTSE 250 housebuilder said the number of new homes it built in the third quarter declined by 37 [...]
FTSE 100 close: London markets dip sharply after inflation remains stagnant in September October 18, 2023 Markets were uneasy after new figures showed that inflation had not budged in September after August's surprise fall.
Top housebuilders pay ‘excessive’ £16bn in dividends over 18 years October 17, 2023 Researchers from Sheffield Hallam University found the eight largest housebuilders paid shareholders 260 per cent more in 2022 than 2005.
FTSE 100 close: Easing in wage growth gives London markets a lift October 17, 2023 London's FTSE indexes climbed in early trade after new figures from the Official for National Statistics showed that pay growth was beginning to ease.
FTSE 100 close: London markets rise after inflation surprise raises prospect of rates being left on hold September 20, 2023 The FTSE 100 climbed 0.6 per cent to trade at 7,705.34 while the FTSE 250 rose 1.2 per cent to hit 18,655.75.
FTSE 100 close: London markets given a lift as hopes rise for Chinese recovery September 11, 2023 A return to inflation will be welcomed by policymakers in the Chinese communist party, who are attempting to reignite growth in China's stumbling economy.
FTSE 100 close: Rising oil prices and struggling housebuilders hit London indexes September 6, 2023 London markets fell early on Wednesday as rising oil prices raised the prospect of continued inflationary pressures.