Business leaders bemoan Budget uncertainty as tax hikes loom November 13, 2025 Business leaders up and down the country have poured scorn on the Chancellor after months of Budget uncertainty damaged consumer confidence and forced firms to hold off key investment decisions. Scores of chief executives, from retail to hospitality to telecoms and manufacturing, have voiced their concern over the lack of a clear fiscal plan after [...]
FTSE 100 Live: Taylor Wimpey and Fuller’s Budget warning; Starmer under fire November 12, 2025 Good morning from the City AM live blog team. The FTSE 100 is springing back to life this week, managing to seal its second consecutive record close at 9,899.60p after a 1.15 per cent gain and bringing the index a whisker away from the 10,000 mark. The blue-chip index has rallied after the US government [...]
FTSE 100 reshuffle: Metlen to oust Taylor Wimpey August 28, 2025 A number of FTSE 100 constituents are set to find their spot at risk as the index heads towards a reshuffle. Metlen Energy and Metals, which switched its primary listing from Athens to London, is expected to capture a spot on London’s flagship stock exchange in the September reshuffle. The industrial firm has a market [...]
Taylor Wimpey: Construction jumps but cladding costs wipe out profit July 30, 2025 Housebuilder Taylor Wimpey posted a double-digit rise in housing completions, but a £222.2m hit from fixing combustible cladding pushed the company to a half-year loss. Shares fell nearly five per cent in early morning trades. The number of houses built in the first half of 2025 totalled 5,264, up from 4,728 last year, the company [...]
Watchdog probe to net £100m from listed housebuilders for affordable schemes July 9, 2025 A probe by the UK’s competition watchdog is likely to result in a collective £100m package from seven housebuilders for affordable housing schemes. The Competition and Markets Authority (CMA) probe, which looked into the anti-competitive practices of seven housing developers – Barratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry – was launched [...]
FTSE 100 flirts with record high but falters once more June 11, 2025 The FTSE 100 once more narrowly missed on a record closing high on Wednesday after faltering in the final moments of the trading session. The UK’s flagship index edged up 0.13 per cent to 8864.35p. This brought it just short of March’s record close of 8871.31p. Housebuilders topped the morning risers with Persimmon and Barratt [...]
FTSE 100 narrowly misses record high after housebuilders rally June 10, 2025 The FTSE 100 closed just short of a record high on Tuesday after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up 0.24 per cent to 8853.08p after a rally from homebuilders. This narrowly missed March’s record close of 8,871.31p. Builders Persimmon and [...]
Kevin McCloud: Housebuilder ‘oligopoly’ needs urgent reform May 2, 2025 Britain’s housebuilding industry is a cartel-like oligopoly that needs root and branch reform in order for the UK is to build enough high-quality homes to solve its housing crisis, Grand Designs presenter Kevin McCloud has said. In a withering assessment the track record of major housebuilders, McCloud said the UK construction sector’s supply chain had [...]
Travis Perkins: Profit plunges as construction industry recovery remains sluggish April 1, 2025 Travis Perkins has reported a 99 per cent plunge in operating profit in 2024, after a torrid year for the Nottinghamshire-headquartered firm. The FTSE 250 building group reported an operating profit of £2m, down from £161m in 2023, after a 4.7 per cent revenue decline. Shares in the group fell 10.4 per cent in early [...]
Buy Persimmon and Taylor Wimpey ahead of Spring Statement says broker March 24, 2025 Investment bank Jefferies has said investors should ‘Buy’ shares in UK housebuilders like Persimmon and Taylor Wimpey ahead of this week’s Spring Statement. Chancellor Rachel Reeves is set to present her Spring Statement later this week. Due to her commitment to just one major fiscal event, it was intended as an update rather than a [...]