Redrow appoints property veteran as new chairman as ex-CEO steps down after 20 years May 12, 2021 Redrow has appointed property industry veteran Richard Akers as its new chairman as former chief executive John Tutte prepares to step down after 20 years on the housebuilder’s board. Akers, a former director at commercial landlord Landsec, will join Redrow’s board as chair-designate on 1 June before taking on the role permanently from 15 September. [...]
FTSE 100 rises slightly after Bank of England decision May 6, 2021 The FTSE 100 rose slightly this afternoon after the Bank of England monetary policy committee decided to hold interest rates at 0.1 per cent. Across the Atlantic, trading was also stagnant, with Wall Street’s main markets flat at the open. By the early afternoon, London’s premier index was up 0.1 per cent down at 7,047.31, [...]
Britain’s top bosses call for ‘national prosperity’ plan to boost growth post-pandemic April 28, 2021 Some of the UK’s top business leaders have called on the Government to set out a plan to boost growth as the country deals with the devastating impact of the pandemic. The Covid Recovery Commission, a group set up by last summer which includes top executives from Tesco, Shell and Heathrow Airport , has set [...]
FTSE 100 bounds ahead despite housebuilders taking a tax hit while US stocks soar February 10, 2021 FTSE 100 bounds ahead despite housebuilders taking a tax hit
UK property developers hit with new taxes to pay for unsafe cladding removal post-Grenfell February 10, 2021 Shares in major UK property developers have fallen this afternoon, after an announcement that they will be hit with new taxes to pay for the government’s unsafe cladding removal scheme. Housing secretary Robert Jenrick today announced two new taxes on UK property developers to help pay for the government’s efforts to remove unsafe cladding from [...]
Barratt reports record new housing completions but profit hit by cladding costs February 4, 2021 UK housebuilder Barratt Developments announced it will resume dividend payments after posting record completions, but warned it will take a £56m hit on legacy properties, including issues related to cladding. The firm said it will pay an interim dividend of 7.5p per share on 10 May following a “rapid and robust recovery and a further [...]
Barratt Developments to resume paying dividends next month January 8, 2021 Barratt Developments announced this morning that it intends to resume shareholder payouts next month as it reported a surge in new home sales due to pent-up demand following the first nationwide Covid-19 lockdown. The FTSE 100 housebuilder said it had delivered an “excellent first half performance” but warned that sales rates had become more subdued [...]
Planning permission granted for 454 new homes in Wembley November 27, 2020 Brent Council has given the green light on building 454 new homes, including 40 per cent affordable housing, next to Wembley Park underground station. The scheme covers a 1.6-acre site, and will be delivered across five buildings. The new homes will be a mixture of studios, one, two and three-bedroom apartments. The affordable homes will [...]
Barratt reports strong forward sales as housing market recovers October 14, 2020 Barratt Developments (BDEV) has reported an increase in forward sales as the housing market bounced back from the first wave of coronavirus restrictions. The housebuilder said total forward sales as of 11 October increased 16.7 per cent to 15,135 homes at a value of £3.7bn. It also reported a 20.8 per cent increase in its [...]
FTSE 100 flat after Donald Trump ends US stimulus talks October 7, 2020 The FTSE 100 flatlined after US President Donald Trump abruptly ended talks between Republicans and Democrats over the next round of fiscal stimulus. London’s blue-chip index was just 0.06 per cent higher at 5,953.6 points as it approached midday. The FTSE 250 was up 0.17 per cent. Read more: US stocks fall after President Trump [...]