FTSE 100: These are the biggest winners and losers of 2018 January 2, 2019 THE UK market felt the impact of Brexit last year as politicians scrambled to reach a deal on Britain’s fast approaching departure from the European Union. With a vote on Theresa May’s heavily criticised deal not expected until mid-January, and as the government pumps billions into planning for a no-deal Brexit scenario, it seems unlikely [...]
FTSE dividend payments to hit record £94bn next year and yields boosted by market drop December 13, 2018 FTSE 100 dividend payments could hit record highs of £94bn next year while falling markets have increased yields, tempting investors and keeping the index stable amid political uncertainty. A difficult autumn for the markets with shares falling has seen the forecast dividend yield for the blue chip index rise to 4.9 per cent for 2019, [...]
Housebuilder shares jump as market backs Prime Minister Theresa May in leadership challenge December 12, 2018 Shares in Brexit sensitive housebuilders have jumped today as the market backs Theresa May's ability to survive an impending no confidence vote. Persimmon, Taylor Wimpey, Berkeley Group and Barratt Development all saw shares increase by between 3.4 per cent to 5.5 per cent hours before Conservative MPs cast their votes on the Prime Minister’s leadership. May [...]
Pound surges as support for Theresa May grows ahead of no confidence vote December 12, 2018 The FTSE 100 and the pound have both climbed this afternoon as support grows for Theresa May ahead of tonight's no confidence vote. The blue chip index has risen one per cent today from initial lows in early trading when it was confirmed the required 48 letters had been sent to the Conservative backbench 1922 [...]
Brexit live blog: Prime Minister Theresa May defies rebels, saying she will carry on in ‘national interest’ November 15, 2018 Welcome to City A.M.’s live blog – we’re keeping an eye on the breaking Brexit News today. Refresh the page occasionally for updates. 10:29pm – City A.M.: May’s ‘Not out’ Things have stayed quiet for some time now, and despite the occasional rumble, it looks like we’ll have to wait until tomorrow to hear more. Looking [...]
England housing stock increases but housebuilders still fall short of target November 15, 2018 The number of new homes completed in England in the last year reached its highest level in a decade, but growth has plummeted as Brexit uncertainties take hold. Just over 222,000 more homes were added to England’s housing stock in 2017-2018, according to figures released today by the minister of housing, communities and local government (MHCLG). [...]
More than £6bn wiped off combined value of RBS, Lloyds and Barclays amid Brexit deal fiasco November 15, 2018 More than £6bn has been wiped off the combined value of Barclays, Lloyds and Royal Bank of Scotland today as turmoil over Theresa May's Brexit deal hit the banking and housebuilding sectors. The threat of a no-deal reared its head this morning after Brexit secretary Dominic Raab dramatically resigned after the Prime Minister pushed her [...]
Banks and housebuilders fall sharply as Raab resigns over Brexit deal November 15, 2018 The UK's major banks and housebuilders have suffered this morning in the wake of a number of resignations following Theresa May's draft Brexit deal. Shares in Barratt Developments and Persimmon, both down more than seven per cent, were the biggest fallers on the FTSE 100 in the aftermath of the cabinet's approval of the draft [...]
New homes: Our pick of the new builds going on sale in London this weekend October 19, 2018 New developments on the market this week South Quay Plaza, Isle of Dogs From £999,500 Five skyscraping apartments go on sale today at a landmark tower close to South Dock DLR station. The Midnight Collection comprises five new build apartments ranging from one to three bedrooms on the 64th floor, the highest residences before the [...]
UK’s largest housebuilder Barratt starts year in ‘strong position’ despite drop in reservations October 17, 2018 Housebuilder Barratt Developments looked to paint a positive picture in its trading update this morning, as it announced a rise in forward sales and remained confident of the year ahead. Total forward sales in the 15 weeks to mid-October were up 12.4 per cent on the prior year at a value of £3.1bn. However, reservations [...]