Henry Boot: Property developer takes key step toward 3,000-plot goal with major Coventry land sale September 16, 2024 Property developer Henry Boot has taken a significant step toward its goal of selling 3,000 plots this year, after completing a sale of nearly 500 plots to a national house builder. The London-listed firm, which is headquartered in Sheffield, confirmed its land promoter Hallam had sold 491 residential plots at Pickford Gate, Coventry, to the [...]
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 [...]
Berkeley: On track but government housing plans require a ‘change of attitude’ September 6, 2024 Housebuilder Berkeley is on track to deliver £525m of pre-tax profit for the full year, according to an update from the firm this morning. The business, which is based in Cobham, England, said 90 per cent of this profit has already been secured through exchanged sales contracts. Berkeley also said it is “fully committed” to [...]
Grenfell: Barratt says fixing widespread cladding issues will take up to five years September 4, 2024 Barratt has said there is a shortage of qualified fire engineers who are able to refit buildings to reliable safety standards in light of the Grenfell tower disaster. “We recognise that this will take another three to five years to work through to resolution,” chief executive David Thomas said in the company’s full-year results. “There [...]
Barratt: Profit halves at housebuilder but firm optimistic after Redrow deal September 4, 2024 Housebuilder Barratt reported a halving in profit and drop in completions amid a challenging housing market, but has said it is optimistic about the future. Barratt said its total home completions in the year ended 30 June reached 14,004, down 18.6 per cent from 17,206 in 2023 but at the upper end of the company’s [...]
US jobs data takes centre stage as markets bet on Fed rate cut September 1, 2024 US jobs data will take the spotlight for global financial markets this week as investors look for clues on how far the Federal Reserve might go in cutting interest rates.
Completions to fall at Barratt amid flurry of updates from housebuilders September 1, 2024 Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of financial updates from UK housebuilders. The company, which is Britain’s biggest housebuilder, reports its annual results on Wednesday September 4, with updates from Vistry and Berkeley Group in the following days. Barratt said in July [...]
Green light finally expected for £2.5bn Barratt and Redrow mega-merger August 28, 2024 The £2.5bn mega-merger of housebuilders Barratt and Redrow looks set to be finally given approval by the Competition and Markets Authority (CMA). The watchdog launched an investigation into the proposed deal in June after it was first announced in February. Now, the watchdog has said it considers that there are reasonable grounds for believing that [...]
Mark Kleinman: Britain’s fibre infrastructure proves hard to digest August 22, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at the UK’s altnet sector, a jilted housebuilder and Thames Water’s leaky boardroom. Britain’s fibre infrastructure proves hard to digest Time to hang up? That’s the way many investors feeling about [...]
Barratt pushed ahead with £2.5bn Redrow merger despite CMA concerns August 19, 2024 Housebuilders Barratt and Redrow have decided to push ahead with their £2.5bn merger despite issues raised by the competition regulator. The merger, announced by the companies in February, has been under investigation by the Competition and Markets Authority (CMA) due to concerns that it could significantly reduce competition. The two companies currently hold a large [...]