Redrow hails record profit as founder bows out on a high February 6, 2019 Housebuilder Redrow hailed record half-year profits before tax this morning, striking a resilient tone despite fears of greater uncertainty over Britain's imminent departure from the EU and a “subdued” Christmas. The figures In Steve Morgan’s final trading statement as chairman, the FTSE 250 developer said that pre-tax profits rose five per cent to £185m in [...]
Barratt Developments builds profit in strong first half February 6, 2019 The UK’s largest housebuilder Barratt Developments boosted its profit before tax 19 per cent in the first half of its financial year. Barratt said its profit before tax stood at £408m in the six months to 31 January, with revenue growing seven per cent to £2.13bn and total completions rising four per cent to 7,622 [...]
FTSE risers and fallers: Housebuilders climb on reports of Brexit delay January 11, 2019 Brexit sensitive housebuilders were the biggest risers in the FTSE 100 today after it was reported that the deadline for the UK’s departure from the European Union could be extended. Taylor Wimpey, Persimmon and Barrett Development took the top spots in the FTSE 100 today after it was revealed that a backlog of six essential bills, [...]
Housebuilders lead the way as FTSE climbs to four-week highs January 9, 2019 The FTSE 100 has climbed one per cent in early trading as US-China trade talks and a housebuilder boost continued the index’s bright start to the year. The blue chip index has now risen 2.6 per cent so far this year as the third day of trade negotiations between the world’s two largest economies further [...]
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). [...]