Bec to the future: We blow the horn for fabulous Tooting Bec June 11, 2022 The London housing market tends to flow outwards from the prime central postcodes in a series of expanding circles, like the splash of a pebble thrown into a lake. Areas that would once have been undesirable ride the wave into fashion, while those in the centre see new ripples begin to form. So it is [...]
Chancellor urged to cut household bills by £200 with ‘retrofit revolution’ May 20, 2022 A group of the UK’s most senior housing figures have called for a "retrofit revolution" to cut down household bills.
Barratt boss hits out at government’s ‘deeply unfair’ levy to fix cladding crisis May 5, 2022 The boss of one of the UK’s largest property developers has today hit out against the government for its “deeply unfair” levy on housebuilders to solve the cladding crisis. London-listed Barratt Developments has set aside £480m to fix the cladding on buildings it built above 11 metres, however it is expecting to pay another £400m [...]
Housebuilders agree to pay £5bn bill to fix unsafe homes April 13, 2022 Housebuilders have agreed to contribute £5bn to address unsafe homes, the government has announced. Developers will contribute at least £2bn to fix building safety defects, such as dangerous cladding, on their own buildings from the past three decades. Some £3bn will also be paid by the industry through an expansion to the Building Safety Levy, [...]
Energy giants fuel London indexes ahead of government white paper April 5, 2022 London’s top indexes were boosted by investors pouring into energy stocks yesterday ahead of the UK government publishing its much-awaited energy strategy. The capital’s premier FTSE 100 index rose 0.72 per cent to 7,613.72 points, while the domesticall-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.13 [...]
Housebuilders goose London indexes after dodging £4bn cladding bill April 4, 2022 Reports of the UK government footing most of the bill for fixing the cladding scandal strengthened sentiment toward London-listed housebuilders today. The capital’s premier FTSE 100 index added 0.28 per cent to reach 7,558.92 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.53 [...]
Abrdn urges housebuilders to go further than legal requirements in coughing up cladding cash March 23, 2022 FTSE 100 asset manager Abrdn has called on housebuilders to do more than the bare minimum to foot the bill to fix blocks with unsafe cladding. According to a report from Sky News, the City investor has written a letter to big players in the construction sector, urging them to do more than they are [...]
Housebuilder shares boosted by fresh cladding estimate March 14, 2022 Housebuilders saw their share prices lifted on Monday after optimism that the bill foisted on developers for cladding remediations would be much lower than initially forecast. It had been thought that property firms would have to pay £4bn to rectify unsafe cladding on 11-18metre tower blocks. However, the potential bill was estimated to be closer [...]
Housebuilders drag London markets down as investors flee stocks January 24, 2022 London markets took a beating yesterday driven lower by most sectors tumbling as investors fled stock markets on US Fed rate hike fears. The capital’s premier FTSE 100 index closed 2.63 per cent lower at 7,297.15 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, lost 3.64 [...]
Cladding suppliers shares tumble after Gove threat on remediation costs January 24, 2022 Building material manufacturers and property developers’ shares plummet on Monday morning as the government toughens up on firms unwilling to pay to fix unsafe homes. Housing secretary Michael Gove threatened a UK trading ban on manufacturers of combustible cladding and insulation in a letter to the Construction Products Association. In the letter, Gove said more [...]