Grenfell should stand as a reminder that we have a long way to go on housing October 6, 2021 Housing is at the centre of today’s political conversation. The electorate is acutely aware of the housing crisis, and is demanding sincere policies to solve it. At the Conservative Party Conference this week, Michael Gove talked about raising living standards and making homes a safe and decent place to live in this country. Gove has [...]
Bridgepoint enlists Rothschild for £1.3bn Miller Homes sale amid housing boom October 2, 2021 Bridgepoint is seeking to capitalise on soaring valuations as the housing market booms, with the sale or float of Miller Homes, one of the UK’s biggest housebuilders. The private equity firm has appointed investment bank Rothschild to advise on its potential exit from Miller Homes, four years after it bought the company from GSO Capital [...]
FTSE 100 climbs as London markets shake off inflation fears September 29, 2021 London’s FTSE 100 jumped during opening exchanges today driven by investors in the capital shaking off inflation concerns that rattled global markets yesterday. The capital’s premier index added 0.74 per cent to reach 7,079.97 points in the first hour of trading today. Global markets sold off yesterday as investors rejigged their portfolios in preparation for [...]
FTSE 100 dips as investors mull BoE’s hawkish tilt September 24, 2021 London’s FTSE 100 dipped during afternoon exchanges today driven by investors fearing the Bank of England’s hawkish tilt could be a looming headwind for markets. The capital’s premier index dropped 0.22 per cent to 7,062.47 points heading into the final session of the week. Retail and property stocks led the blue-chip index lower today. The [...]
Leaseholder victory: Countryside to remove ground rent doubling terms after CMA action September 15, 2021 Developer Countryside Properties has struck out terms meaning ground rents double every 10 to 15 years, after a watchdog’s instruction Leaseholders’ ground rents will stay at the amount charged when they first bought their home, following action by the Competition and Markets Authority (CMA). The Big Four developer has voluntarily given formal commitment to removing [...]
London markets dragged down by tax hikes as City mulls impact on portfolios September 8, 2021 The wave of tax hikes launched by prime minister Boris Johnson weighed on London markets today as investors mulled the implications of higher dividend taxes on their portfolios. The capital’s premier index dropped 0.75 per cent to close at 7,095.53 points, while the mid-cap FTSE 250 slid 1.03 per cent to 23,848.89 points. Markets were [...]
US stocks scale to new heights … again September 2, 2021 Wall Street’s main benchmarks scaled to new record highs once again today, as investors brace for an expected bumper jobs report tomorrow. The S&P 500 and the tech-heavy Nasdaq both hit new peaks today, but pulled back slightly heading into the early afternoon session. The former was up 0.38 per cent to 4,541.45 points and [...]
Barratt profits soar on red hot UK housing market September 2, 2021 A red hot UK housing market drove profits at housebuilder Barratt Developments up sharply over the last year, according to fresh results published today. The housebuilder posted a 65.1 per cent surge in pre-tax profits for the year-ended 30 June, reaching £812.2m, up from £491.8m in the previous year. Despite the recovery in net earnings [...]
US stocks muted as Powell moves to temper inflation fears July 14, 2021 US stocks were broadly flat on Wednesday morning after Fed Chair Jay Powell suggested that inflation could run hot in the coming months. The blue-chip S&P 500 edged up 0.08 per cent, while the Dow Jones added 0.01 per cent. The tech-heavy Nasdaq gained 0.02 per cent during the morning session. Read more: Powell: US [...]
Barratt expects higher profits as home completions increase July 14, 2021 Barratt expects profits to be at the “top end” of market expectations, it announced this morning, amid a boom in home completions. The housebuilder delivered 17,243 homes in the year ended 30 June 2021 – 5,000 more than the year before, according to the company’s trading update. Despite the pandemic Barratt built more homes than [...]