Construction momentum fades amid fragile consumer confidence January 7, 2025 Construction activity in the UK economy fell to a six-month low in December, a new survey shows, with momentum slowing across the sector. Housebuilding activity slipped deeper into contraction, according to S&P’s construction purchasing managers’ index (PMI), while growth in commercial and civil engineering work slowed compared to the month before. This meant that the [...]
Lendinvest inches closer to profit as fintech eyes housebuilding boost December 9, 2024 Lendinvest is nearing a return to profitability as the property fintech eyes a boost from the new government’s housebuilding plans. The London-listed firm reported a pre-tax loss of £1.7m for the six months to 30 September, 2024, compared to a £15.7m loss during the same period last year. Lendinvest’s bottom line was helped by a [...]
Keir Starmer: Planning regime ‘suffocating aspirations of working families’ December 6, 2024 Writing in the Times, Starmer said the planning system had become "increasingly ruinous" and was "suffocating the aspirations of working families".
Planning reforms have had ‘profound and hugely positive impact’, Berkeley says December 6, 2024 FTSE 100 house builder Berkeley said it was on track to meet its profit targets in 2025 as it announced a new investment strategy to help capitalise on the government’s planning reforms. The government has committed to building 1.5m new homes over the course of the parliament. To meet its target, ministers are consulting on [...]
Slump in housebuilding casts doubt on government’s new homes pledge December 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said housebuilding was suffering from a "sustained downturn".
Will Labour’s planning bill actually get Britain building again? November 19, 2024 The UK's planning system is in need of a radical overhaul. Will Labour's Planning and Infrastructure bill deliver? Sam Richards takes a look.
Vistry boss under fire as shareholder spat heats up November 18, 2024 Vistry has tried to placate shareholders after scrutiny over the multiple roles its boss Greg Fitzgerald holds at the housebuilder and competing companies. Fitzgerald has served as executive chairman since May, meaning he’s head of both the board of directors and the company and for which he receives a salary of around £2.5m, according to [...]
Average price tag on a home falls as rate cuts spark demand revival November 18, 2024 According to Rightmove, the standard price for a newly marketed home currently sits at £366,592, a 1.4 per cent month-on-month drop.
Housebuilding woes ahead of Budget weigh on construction activity November 6, 2024 Having reached a 29-month high in September, S&P's construction purchasing managers' index (PMI) "slowed considerably" last month.
Vistry shares plunge after builder warns on profit October 8, 2024 Vistry shares plunged around a third in early deals this morning after the company issued an unscheduled profit warning. The share price has since stabilised, but it remains down by just over 24 per cent. The group has warned that its profit will be £80m lower than expected this year due to issues with some [...]