Bellway set for revenue bump despite Brexit jitters February 7, 2019 Bellway said this morning that it was expecting a rise is sales over the year ahead, despite echoing the cautious sentiment over Brexit from many of its peers within the property industry. Buoyed by demand for affordable homes and government schemes such as Help-to-Buy, Bellway said in a trading update this morning that it expected total [...]
Housebuilders lead the way as FTSE climbs to four-week highs January 9, 2019 The FTSE 100 has climbed one per cent in early trading as US-China trade talks and a housebuilder boost continued the index’s bright start to the year. The blue chip index has now risen 2.6 per cent so far this year as the third day of trade negotiations between the world’s two largest economies further [...]
Pound surges as support for Theresa May grows ahead of no confidence vote December 12, 2018 The FTSE 100 and the pound have both climbed this afternoon as support grows for Theresa May ahead of tonight's no confidence vote. The blue chip index has risen one per cent today from initial lows in early trading when it was confirmed the required 48 letters had been sent to the Conservative backbench 1922 [...]
New Homes: Our pick of the new builds and conversions going on sale in London this weekend November 30, 2018 New developments on the market this week Fitzroy Gate, Old Isleworth From £1.4m Why shouldn’t Christmas shopping include browsing for a new home? There’s a festive-themed open day tomorrow from 10am to 4pm at this seven acre development in south west London. There are three show homes to peruse and 39 Victorian and neo-Georgian style [...]
Housebuilder Crest Nicholson issues profit warning blaming tough market conditions October 17, 2018 Housebuilder Crest Nicholson has issued a profit warning and announced that its chief financial officer (CFO) is leaving the business. It is the housebuilder’s third profit warning in two years with the company blaming the difficult market and the uncertain political environment. Read more: Profits surge at housebuilder Bellway but Brexit caution lingers The FTSE [...]
Barratt chair threatened with investor rebellion after shareholders advised to vote against re-election October 16, 2018 Housebuilding giant Barratt Developments could suffer a revolt at its annual general meeting tomorrow, after an influential shareholder advisory group recommended investors vote against the re-election of chairman John Allan. PIRC has said that Allan, who is also chair of Tesco, “cannot effectively represent two corporate cultures…the possibility of having to commit additional time to [...]
FTSE housebuilder Bellway cements position with rising profits but caution lingers October 16, 2018 Housebuilder Bellway sent mixed messages to the City this morning, as a rise in profit coincided with a cautious warning over Brexit. Pre-tax profits climbed 14 per cent to £641m over the last 12 months, as robust annual sales pushed the firm above the 10,000 homes mark for the first time. Revenues also jumped 15.6 [...]
City blues: Meet the Tories hoping to take on Sadiq Khan in the 2020 race for City Hall August 27, 2018 The spectre of the 2016 mayoral campaign still hangs over the capital’s Tories. The crass, dog-whistle tactics deployed by Zac Goldsmith’s team failed to prevent Sadiq Khan receiving more votes than any of his predecessors, and left a bad taste in Londoners’ mouths that remains even now. The memory clearly weighs heavy on the three [...]
New homes: Here are the new developments going on sale in London this weekend | City A.M. July 27, 2018 Our pick of the new developments on sale now Bishops Gate, Fulham From £625,000 A gated mews development next to Bishop’s Park is on sale, with a three bedroom duplex apartment for prospective buyers to peruse. The nine hectare green space is home to Fulham Palace, tennis courts and gardens and is also the setting [...]
New Homes: What’s on sale in London this weekend in Hendon, Greenwich, Bow, Acton and the Docklands March 23, 2018 New developments on the market this week North West Four, Hendon From £675,000 Get more for your money in Zone Three with only a 30 minute commute to Bank. This gated development of 18 two and three bedroom apartments near Hendon Central station are also a 45 minute drive from four international airports. Spread across [...]