Value of UK housing stock dropped by £27bn in 2023 as high costs hurt market February 14, 2024 The UK’s housing stock has seen its first annual decline in value since 2012 after some £27bn was wiped off last year, according to new analysis, amid higher mortgage costs and pressure on household finances. Figures from property firm Savills showed that despite the fall, the value of housing remained £1.585tn higher than 2019, before [...]
Bellway optimistic on housing market despite slump in revenue and completions February 9, 2024 Bellway Homes is hoping the UK housing market will support a "recovery" year for its operations
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
FTSE 100 live: London closes in the red as Barratt and Sainsbury’s drag index lower February 7, 2024 The biggest news in London this morning was the merger between FTSE 100 house-builder Barratt and Redrow, which is listed on the FTSE 250.
‘Barratt Redrow’ merger to highlight investors’ skewed opinions on UK housing market February 7, 2024 Shares in major FTSE 100 and 250 housebuilders suffered a mixed day so far on the London market, as Barratt Developments' surprise £2.5bn megamerger with Redrow highlighted investors' skewed opinions on the state of UK housing.
Barratt sinks and Redrow jumps after £2.5bn megamerger announced February 7, 2024 Two of Britain's leading homebuilders, Barratt and Redrow, have announced a merger agreement worth £2.5bn.
Barratt: FTSE 100 developer will bank on mortgage cuts for sales lift February 3, 2024 Barratt Developments will update investors on its half year trading performance this Wednesday, with hopes that cooling mortgage rates will boost its balance sheet.
Berkeley shares at 12-month high as investors regain confidence in UK’s property market December 4, 2023 Shares in high-end housebuilder Berkeley stand at a 12-month high, as investors are beginning to regain hope in the UK property market after a torrid few months. The FTSE 100 firm is set to post its half year results on Friday, with its cheery outlook boosted by plans by boss Rob Perrins to storm ahead [...]
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Persimmon’s share price up despite warning of ‘highly uncertain’ year ahead November 7, 2023 House builder Persimmon saw its share price close over six per cent today despite the firm warning of uncertainty next year, in a sign that markets may be cautiously restoring their faith in the housing market. The FTSE 250 housebuilder said the number of new homes it built in the third quarter declined by 37 [...]