Here’s why housebuilder shares are down today November 8, 2017 It was a bad morning for housebuilders, with companies listed on both the FTSE 100 and FTSE 250 dragging the indices lower. Persimmon, the UK’s largest housebuilder by volume, led the fallers on the FTSE 100, with shares dropping 3.4 per cent to 2,772.5p, while Barratt, Taylor Wimpey and Berkeley Group were all among the [...]
Area guide to property in the Royal Docks November 3, 2017 For many Londoners, the only time they’ve ever been to the Royal Docks in east London is when they’re travelling on business from London City Airport. This post-industrial part of town was once a hive of activity, with boats docking from all over the world, but now you’re more likely to find hotel chains and [...]
Barratt, Persimmon, Taylor Wimpey and Berkeley share prices are on the up as Theresa May’s Help to Buy October 2, 2017 What happens when you promise £10bn to help young people buy a home? The companies building houses get a boost. Shares in housebuilders are on the up this morning and among some of the biggest FTSE 100 risers after Prime Minister Theresa May promised the fresh cash for the Help to Buy scheme. Barratt Development [...]
FTSE 100 history: how the index has changed over 33 years July 3, 2017 The FTSE 100 index has just seen one of its quarterly changes with security firm G4S and real estate investment trust Segro promoted to the top 100. Although perhaps small in themselves, these regular events have changed the face of the UK’s leading index since it was formed in 1984. For the many investors whose [...]
Apple’s move to Battersea Power Station sparks hopes of paying off infrastructure debt early March 15, 2017 The council leader heading up the development around the Battersea Power Station is hoping a possible boost to business rates income from Apple’s move to the site could help pay for the Northern Line extension early. The funding for the Northern line extension, which will create two new tube stations at Nine Elms and Battersea Power Station, [...]
Tesco chairman: White men are an ‘endangered species’ on UK boards March 11, 2017 The chairman of Tesco, John Allan, has warned white men everywhere that they are an "endangered species" on UK boards and that to get to the top they are going to have to work "twice as hard" as women and ethnic minorities. Despite sitting three executive boards himself (he is also chairman of Barratt Developments, and [...]
William Hill has named Philip Bowcock its new chief executive March 10, 2017 Philip Bowcock has been named the new boss of William Hill with immediate effect. Previously chief financial officer of the bookmaker, Bowcock has worked as interim chief exec since July 2016. Chairman Gareth Davis said: "Since his appointment as interim chief executive last July, Philip has driven the business forward at real pace and we have seen important [...]
Foxtons results: Another dive in profits thanks to London house prices March 8, 2017 Shares in struggling London estate agent Foxtons took a dive today after it admitted London's cooling market pushed down profits last year. The figures Revenues fell 11 per cent to £132.7m in the year to the end of December, Foxtons said today – while pre-tax profits fell more than half, from £41m in 2015 to £18.8m in 2016. Lettings revenue fell one per [...]
Barratt has sold 172 luxury London new-build flats as rental homes, including an entire block at Nine Elms March 6, 2017 Here's an unusual move by a housebuilder: Barratt Homes has bundled together 172 flats at various developments across London and sold them off as rental homes. The housebuilder said it had sold the units to Henderson Park for £140.5m. The portfolio includes 29 units at Aldgate Place, a joint venture with British Land, 25 in Fulham Riverside and all 118 at [...]
Growth in the UK’s construction industry was stronger than expected in February – but housebuilding floundered March 2, 2017 Growth in the UK's construction sector was stronger than expected in February, figures published today showed – but housebuilding struggled. Markit's purchasing managers' index for the sector rose to 52.5 in February, up from 52.2 in January – and beating forecasts it would stay flat. Any figure below 50 denotes a contraction. However, activity in the residential [...]