Housebuilder Vistry to reinstate dividend due to strong sales Housebuilder Vistry to reinstate dividend due to strong sales Vistry Group is planning to resume shareholder payouts next year as the housebuilder said demand for new homes had remained strong despite the second England-wide lockdown. Vistry, which was previously known as Bovis Homes, said it is on track to report full-year profit before tax at the top end of its expected range of £130m [...]
Housebuilder Vistry to cut jobs after acquisition of Galliford Try’s homes unit Housebuilder Vistry to cut jobs after Bovis and Galliford Try merger UK housebuilder Vistry warned it will cut more jobs as it continues to consolidate operations following Bovis Homes’ acquisition of and Galliford Try’s residential business. The firm, which was called Bovis until the merger last year, said a consultation on reducing its employee headcount was ongoing, and it expected the cuts to result in annual [...]
Bovis Homes to beat expectations with record profit for 2019 Vistry Group has reported that Bovis Homes is set to beat market expectations to deliver record profit despite political uncertainty putting pressure on prices last year. The housebuilder said this morning that it expects its Bovis operation to report pre-exceptional profit before tax for 2019 to be above an analyst consensus of £181.6m. Read more: [...]
Bovis Homes faces shareholder backlash over executive pay November 26, 2019 Housebuilder Bovis Homes is facing investor backlash over executive pay proposals as it prepares to approve a £1.1bn takeover of Galliford Try’s residential development arm. A number of institutional investors are preparing to vote against Bovis Homes’ long-term incentive plan (LTIP) and remuneration policy at a shareholder meeting next week, Sky News reported. Read more: [...]
Galliford Try rejects takeover bid from rival Bovis Homes May 27, 2019 Housebuilder Galliford Try has rejected a takeover bid from rival Bovis Homes, saying the offer undervalued the firm’s business and was not in the interests of shareholders. Read more: Bovis Homes Group in talks with Galliford Try over housebuilding merger Galliford Try confirmed it had received an offer from Bovis for its Linden Homes and [...]
Housebuilder shares drop on “vanilla” house price growth August 18, 2015 Shares in the UK's largest listed housebuilders fell today, despite official figures showing annual house price growth rose to 5.7 per cent in June. Shares in Barratt fell 1.45 per cent to 643.5p in late morning trading, while Berkeley Group was down just under one per cent at 3,422p. Meanwhile, shares in Persimmon, which posted [...]
Bovis Homes share price dips despite boost from UK house prices August 17, 2015 Shares in Bovis dipped 1.43 per cent to 1,183p this morning, despite its half-year results showing a sizeable boost from the strength of the UK's housing market. The figures Revenues at the housebuilder rose nine per cent to £350.7m in the six months to the end of June, the company said this morning, while profit before tax [...]
Bovis Homes reveals record year as profits, revenue and earnings all soar February 23, 2015 The figures Bovis Homes' share price opened around two per cent higher this morning, after the home builder reported a 75 per cent rise in basic earnings per share, from 44.9p to 78.6p for the year ended 31 December 2014. A stronger average sales price and a record year for completions led to a 69 per [...]
Bovis Homes house prices expected to rise 10 pc in 2014 November 7, 2014 Bovis Homes expect the average sales price of one of its properties to be around 10 per cent higher this year than in 2013, and believes it will sell around 30 per cent more of them. In an interim statement, the housebuilder said sales price had risen about 5 per cent for the period [...]
Bovis Homes share price up as housebuilder delivers record property sales August 18, 2014 Bovis Homes revealed a 166 per cent leap in first half pre-tax profits as Britain’s buoyant property market helped the housebuilder to sell a record number of homes. The FTSE 250 company, which builds most of its homes in the south of England but outside London, completed 1,487 property sales in the six months to [...]