London Report: UK employment figures to show lift in economy October 13, 2013 UK employment figures out this week look set to give further weight to signs of Britain’s growing economy. The September numbers, to be released on Wednesday along with unemployment statistics, are predicted to be up on last month. “Strong demand has been met by surging employment in recent months, which is lowering unemployment. [...]
Savills and Bellway boosted by stronger UK property market August 8, 2013 PROPERTY consultancy Savills said yesterday it enjoyed a 40 per cent rise in first half profits boosted by strong property markets in the UK and Asia. Underlying profit before tax grew to £26m in the six months through June from £19.7m in the same period last year, on revenue up 13 per cent to £399m. [...]
London Report: Carney’s first inflation report in the spotlight August 4, 2013 NEW Bank of England governor Mark Carney will take centre stage this week as he announces the latest Quarterly Inflation Report, plus plans to adopt forward guidance on interest rates for the first time. Forward guidance would give the bank’s Monetary Policy Committee (MPC) a third method of influencing the economy, alongside interest rates and [...]
Mortgage aid schemes help housebuilder Bellway grow February 7, 2013 HOUSEBUILDER Bellway said yesterday demand for its properties is rising, helped by new sales outlets and the government’s NewBuy mortgage scheme for first-time buyers. The firm said it completed sales on 2,597 homes in the six months to the end of January, a rise of 5.8 per cent on last year. The average price has [...]
The Tipster | Bad reception at Vodafone February 4, 2013 TRADERS were rattled when Vodafone was downgraded by two brokers yesterday, over concerns about its revenues from Europe. And the telecoms giant may be in for an icy reception when it delivers its interim management statement on Thursday. Speculation is mounting that it may need to acquire other businesses to compensate for its shortcomings. GFT [...]
Ocado to reveal its progress on road to profits February 3, 2013 OCADO will be in the spotlight this week as the online grocer reveals whether it is edging closer to making a profit. The firm has recently hired Sir Stuart Rose as chairman and is also gearing up to open a second distribution warehouse in Warwickshire. Ocado, which was founded in 2000, is yet to go [...]
Bellway profits jump as it hikes dividend October 16, 2012 HOUSEBUILDER Bellway said yesterday that a strong performance in the south of England and an uptick in sales of private homes helped boost full-year profits. Shares in the FTSE 250 firm closed up 3.2 per cent after it posted a 57 per cent jump in pre-tax profit to £105.3m for the year to 31 July, [...]
FTSE 100 up on banking and mining shares October 16, 2012 The blue chip index was up this morning, as investors reacted more positively to US macroeconomic data, consolidating gains in Asia and the US. Mining and banking stocks pushed the FTSE 100 up in early trading, with Lloyds, Evraz, Kazakhmys and Antofagasta leading the blue chip index. Insurer CPP Group topped the FTSE All-Share index [...]
The Tipster | Builder to cement profits October 15, 2012 HOUSE builder Bellway reports today, and traders expect to see profits up as it capitalises on a turnaround in UK housing. The company has focused heavily on homes with renewable energy sources, which has proven to be lucrative. Shares are towards the top of its 52-week range and have risen 40 per cent in the [...]
UK finances in spotlight with inflation data October 14, 2012 BRITAIN’S finances will be brought sharply into focus this week with details of the annual inflation rate, minutes of the October Monetary Policy Committee (MPC) and public finances data. On the corporate front, housebuilder Bellway is expected to extend the sector’s positive run tomorrow, with preliminary results. Today’s news includes a trading update from Fresnillo, [...]