Property firms Barratt Developments and Taylor Wimpey line up to join FTSE 100 as IMI and Petrofac drop out December 1, 2014 Two companies are on track to be promoted to the FTSE 100 this week as the UK’s main stock indices undergo a reshuffle. Residential property development companies Barratt Developments and Taylor Wimpey are both in line to be moved on to the FTSE 100 index from their current position on the FTSE 250. The FTSE 100 [...]
Barratt is building on another strong year of housing growth November 12, 2014 BARRATT Developments said yesterday it was on track to deliver a strong year of growth and that market conditions would remain robust for the group across all UK regions. The housebuilder said its sales rate of 0.63 net private reservations per site per week in the 19 weeks to 9 November was down on the [...]
Barratt Developments share price up on positive outlook for coming year November 12, 2014 Barratt Developments said it expects to deliver a significant improvement in performance over the next financial year, sending share price up by 0.82 per cent to £4.29 in morning trading. In its interim management statement for the 19 week period ending 1 July, the UK home builder described market conditions as “robust”, with high [...]
Nine Elms Point regeneration: There’s more to Battersea than the Power Station October 30, 2014 Nine Elms, a growing regeneration community in south London, will soon have a skyscraper of its own. Everyone knows about the transformation of Battersea Power Station, but few people have paid much attention to the regeneration that’s coming to the surrounding area. Dubbed Nine Elms, the Zone One location is set to benefit [...]
Bow, Tower Hamlets: All you need to know about London’s new eastern hotspot October 30, 2014 Everyone knows how well Hackney is doing in the property stakes, with house price increases outstripping any other borough in London over the last 12 months. But how about its neighbour Tower Hamlets? As a borough, it’s building more new homes than any other in the country. Bromley-by-Bow, in particular, has been popular with [...]
City Moves for 20 October 2014 | Who’s switching jobs October 19, 2014 Secure Trust Bank The bank, a subsidiary of Arbuthnot Banking Group, has appointed Neil Clinton as regional sales director. He joins from Barclays, where he was head of its UK large corporate asset based lending team. Clinton has over 30 years’ experience in banking and invoice finance. Investec Wealth & Investment The wealth management firm [...]
London Report: Stocks brush off referendum and get a lift from ECB September 18, 2014 LONDON traders yesterday set aside concerns over the Scottish referendum result and reacted positively to European Central Bank moves to strengthen Eurozone lenders. The blue-chip FTSE 100 closed up 38.39 points, or 0.57 per cent, at 6,819.29 points. Low-cost airline EasyJet’s shares rose 0.45 per cent to 1,344p after it announced that it would increase its [...]
London Report: Shares slip as FTSE waits for Scotland verdict September 17, 2014 BRITAIN’S top share index yesterday slipped and underperformed gains on rival European bourses, as the uncertainty raised by Scotland’s vote on independence pegged back the UK stock market. The blue-chip FTSE 100 index closed down by 0.2 per cent, or 11.34 points, at 6,780.90 points. Engineering conglomerate Smiths Group was the worst FTSE stock in [...]
Barratt boss warns of labour shortage September 10, 2014 The boss of Britain’s largest housebuilder Barratt Developments warned yesterday that a shortage of skilled workers could prevent the country from delivering the homes needed to tackle housing crisis as the company reported a doubling of full-year profits. Mark Clare said the lack of skilled workers – from bricklayers to architects and plasterers – is [...]
Is this the UK housing market’s new “normal”? Barratt share price up as revenues rise 21pc September 10, 2014 The UK housing market has returned to "normal seasonal trends" in 2014 after the frenzy created by the launch of Help to Buy last year, Barratt Developments said this morning while posting a 21.1 per cent rise in annual revenues. Revenues at the housebuilder rose to £3.1bn for the year to the end of June, up [...]