FTSE closes lower amid investor fears over impending G7 summit in Canada June 8, 2018 The FTSE closed down today with investors in a cautious mood for most of the day ahead of a G7 meeting this weekend. It ended 0.3 per cent lower at 7,681.07 points. Markets fell as Donald Trump said Vladimir Putin should attend the summit in La Malbaie in Quebec, Canada. Russia was expelled from what [...]
Shares in housebuilders including Taylor Wimpey, Barratt and Persimmon drop after Berkeley warns it can’t ramp up production March 16, 2018 Shares in housebuilders dropped this morning after Berkeley said today it would not be able to ramp up production of homes, as it remained hampered by planning constraints. Taylor Wimpey, Barratt and Persimmon were among the fallers this morning, taking an early dip after Berkeley’s trading update. Shares in Berkeley meanwhile dropped more steeply and [...]
Sadiq Khan campaign: FTSE-listed housebuilders pledge to reserve London homes for UK-based buyers February 5, 2018 Some of the UK’s biggest housebuilders have pledged to restrict the sale of London homes to UK-based buyers following a campaign by Sadiq Khan. Taylor Wimpey, Barratt London, Berkeley Homes, Redrow and others have offered to restrict sales of homes worth up to £350,000 to UK-based buyers for three months before embarking on any overseas [...]
Focus On Aldgate: The shiny new towers of E1 are luring City bankers from their traditional west London hangouts January 19, 2018 Whitechapel or Aldgate? Whatever you call this area on the cusp of the City, it’s always been a dividing line between the bankers and proper East Enders. But that line is getting thinner and thinner every day. Skyscrapers now pierce the eastern sky from every angle, and the amount of development undergone in recent years [...]
Persimmon boss Jeff Fairburn bags more than £100m bonus after year of strong sales January 9, 2018 Persimmon boss Jeff Fairburn is in line to collect a bonus of more than £100m after the housebuilder posted a nine per cent growth in annual sales. “Modestly” ahead of consensus expectations, Persimmon profits were boosted by average selling prices rising three per cent. Annual revenues were £3.42bn as Persimmon increased legal completions by 872 [...]
The FTSE 100 closed at a record high topping 7,600 December 21, 2017 There was plenty of Christmas cheer in the City today as Britain’s blue-chip index rose to an all-time high. The FTSE 100 rose above 7,600 points for the first time, closing up 1.1 per cent at 7,603.98. “The FTSE 100 has rallied strongly today moving above its previous record peak set back in June to [...]
Housebuilder share prices: McCarthy & Stone share price falls along with Berkeley Group, Persimmon, Barratt and others on leasehold crackdown December 21, 2017 Housebuilders were hit hard this morning after the government revealed new rules cracking down on leasehold practices described by communities secretary Sajid Javid as “feudal”. Shares in FTSE 250-listed McCarty & Stone, which specialises in retirement homes, fell 10.3 per cent to 152.3p on the news. Meanwhile, on the FTSE 100, Berkeley Group fell 1.5 [...]
UK FTSE 100 housebuilder bosses lined up to pocket £126m in 2018 December 14, 2017 Bosses of the top FTSE 100 housebuilders are in line for an epic £126m payout next year as part of their long-term share rewards. Jeff Fairburn, chief executive of Persimmon, is in line for the biggest payout. If the firm performs as analysts expect this year, Fairburn could receive £116m from share grants. Read more: [...]
FTSE 100 tumbles to its lowest in six weeks as the pound rises sharply November 10, 2017 The FTSE 100 closed at its lowest point in six weeks as a sharp rise in the pound pushed it lower. The index finished the day 0.7 per cent lower, at 7,435 points, having fallen to its lowest point in weeks earlier in the day. The selloff came as sterling rose 0.45 per cent against [...]
Housebuilder share prices are being pushed lower for the second day: Redrow, Persimmon, Taylor Wimpey, Barratt and Berkeley Group drop November 9, 2017 Shares in housebuilders tumbled for the second consecutive day this morning, after a double whammy of bad news from the Royal Institution of Chartered Surveyors (RICS) and housebuilder Redrow spooked investors. On the FTSE 100, Persimmon was the biggest faller, dropping 2.6 per cent, but Taylor Wimpey, Barratt and Berkeley Group all slid lower. On [...]