Britain likely to reach a record low for inflation – London Report March 23, 2015 CONSUMER price inflation is likely to have fallen to a new record low of 0.2 per cent in February, moving Britain closer to deflation. Official figures out tomorrow look set to show the fall in the index, which comes after the previous low of 0.3 per cent in January. Howard Archer, of IHS Global Insight, [...]
Tory pledge lays foundations for rise in homebuilder shares March 2, 2015 SHARES in residential building companies were given a boost yesterday, after David Cameron pledged to build 200,000 new affordable homes by 2020. The homes will be sold at a 20 per cent discount, achieved by removing levies and regulation on brownfield site properties. Shares in Berkeley were up 1.45 per cent at the close, Bellway [...]
Beyond The O2 Arena: What will North Greenwich look like in 20 years? February 26, 2015 Every weekend, different tribes of people flock to The O2 Arena, from screaming One Direction fangirls to the Game of Thrones enthusiasts heading to the upcoming expo. One thing they all have in common is that they’re inevitably funnelled out of North Greenwich afterwards via the Jubilee Line, knowing next to nothing about the stretch [...]
Housing supplier Bellway splashes out £355m on sites as demand shows no signs of slowing February 10, 2015 House builder Bellway is betting on sustained demand in the UK housing market after announcing it has significantly increased its purchases of land in the last six months. The company spent £355m on sites it has identified as attractive investments with recent purchases focussing on the home counties, with sites in Basingstoke and Kings Hill [...]
Barratt, Taylor Wimpey and Bellway among 16 national house builders to sign up to government’s Starter Homes initiative December 15, 2014 Some of the UK's biggest property developers have signed up to a new government scheme designed to help first-time buyers get a foot on the ladder. Avant, Barratt, Taylor Wimpey and Bellway are among 16 house builders to have put their name to the scheme, which offers first-time buyers under the age of 40 [...]
Best of the Brokers for 15 December 2014 December 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BELLWAY Numis upgraded its rating from “buy” to “add” following an interim statement which, stated the broker, “points to improved volume and margin guidance” and “shows that Bellway’s strong and early level of investment post downturn is feeding through to top-quartile returns”. WEIR [...]
Retail data to show UK spending boost from Black Friday – London Report December 7, 2014 Black Friday is expected to have added a healthy boost to November’s retail sales, which the British Retail Consortium is due to announce tomorrow. Howard Archer, of Global IHS Insight, said: “While consumers are always keen to take advantage of bargains, particularly in the run-up to Christmas, the desire for bargains has undoubtedly been heightened [...]
Best of the Brokers for 16 October 2014 October 15, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BELLWAY Shore Cap reiterated its “buy” rating. The broker said that, with Bellway combining a small increase in sales volumes with slightly stronger selling prices and a modest increase in the gross margin, it was increasing forecasts for this year and next. INFORMA [...]
Bellway share price jumps as home sales and profits break records October 14, 2014 Bellway’s shares rallied 5.53 per cent yesterday after the housebuilder posted record half-year profits and said it expected to build 10 per cent more homes over the next year. The Newcastle-based company said pre-tax profits reached £245.9m in the six months to 31 July, up 74.5 per cent on the same time last year and [...]
Consumers win as UK inflation continues to fall – London Report October 12, 2014 Consumers are winning out as low petrol prices and the continuing supermarket price war drive inflation down. Data out tomorrow is expected to show consumer price inflation for September fell to a five-year low of 1.4 per cent – well below the Bank of England’s target rate of two per cent. However, weak earnings growth [...]