Private View: On the market in fulham this week September 12, 2013 Fernhurst Road, SW6 £1.79m This four-bedroom house is arranged over three floors. The ground floor features a reception room leading to a kitchen/dining area with French doors that open out on to a south-facing garden. The upper floors offer four double bedrooms, one with an ensuite and one family bathroom. For more information contact Chesterton [...]
Redrow signs £250m loan as it sets sights on further expansion September 11, 2013 REDROW announced yesterday it has agreed on a new and larger £250m loan with its banks, in a further sign of growing confidence in the housing market. The housebuilder said the four and a half year credit facility, which expires in March 2018, was £50m bigger than the existing facility it replaces, while costs were [...]
Buyers queuing for homes, says Barratt’s chief September 11, 2013 HOUSEBUILDER Barratt Developments yesterday said queues were forming for its housing schemes for the first time since the financial crisis, as the market recovery spreads beyond southeast England. Britain’s largest housebuilder by volume, said yesterday that buyer appetite for its homes was so strong that for some sites it was making five to 10 sales [...]
London Report: Arm’s advance helps to steady FTSE 100 index September 11, 2013 BRITAIN’S blue-chip equity index ended flat yesterday as chip-maker Arm Holdings, boosted by the launch of Apple’s latest iPhone, helped offset profit-taking on DIY retailer Kingfisher after its results. Shares in Arm rose 4.8 per cent in volume one-and-a-half times its 90-day average a day after partner Apple unveiled a new smartphone using the Cambridge-based [...]
Barratt profits jump as their typical house price rises to £194,000 September 11, 2013 Barratt Developments hasn't just seen pre-tax profits jump (up from £100m to £104.8m in the year ended 30 June) but average selling prices too (release). Some solid numbers, and dividend payments are set to recommence (not new information). On that basis, CS are calling Barratt up one to two per cent on the open. A [...]
Best of the Brokers for 09 September 2013 September 8, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com JD WETHERSPOON Panmure Gordon has reiterated its “buy” rating and target price of 806p for Wetherspoons, which is due to report its full-year results on Friday. The broker expects the pub chain to report a “solid” two per cent growth in like-for-like sales [...]
London Report: UK retailers set to reveal if tills ringing again September 8, 2013 RETAILERS are set to reveal this week how big an impact the UK recovery is making as consumers return the shops. Reports from Dunelm, Home Retail, Morrisons, Next, Ocado and Sports Direct will show how confident buyers are in the improving economy. Ocado, which will update the market on Thursday, was rated a “buy” by [...]
How new buyers can live in Zone 2 August 29, 2013 The Greenland Place development near Canada Water could be a boon for first timers, says Kathryn Marsh Greenland Place is the latest contemporary development in SE8. Located next to Greenland Docks and Canada Water, the Barratt London development will consist of 562 units of one, two and three bedrooms. The project will be spread over [...]
The changing skyline of Aldgate June 4, 2013 Aldgate is fast becoming a hub for mixed-use developments offering the best in modern living. Naomi Mdudu investigates. The east end isn’t the only area under major regeneration. Aldgate, which lies within the City Fringe, a transitional area between the financial district and east London proper, is quickly becoming a prime residential spot and is [...]
FTSE 250 Results Round-up – 27/02 February 27, 2013 Barratt Developments, the residential property development company, released results for the six months to December (results) with profits increased by 113.4 per cent to £46.1m. Chief executive Mark Clare said that: Although we remain cautious as to whether the thaw in lending conditions will be sustained, improvements in mortgage lending and the success of the [...]