Focus On Croydon: Concrete jungle of Zone Five is increasingly popular with young professionals July 8, 2016 It’s a concrete jungle out there. At least, it is if you live in the London borough of Croydon. Despite birthing Kate Moss, Sir Philip Green and Tracey Emin, it’s not an area that’s known for glamour, largely due to a preponderance of outdated 1960s office blocks. Though there have been many attempts to revive [...]
Property companies’ share prices climb again after a difficult three days July 7, 2016 After a difficult three days of trading for companies in the property market, things are looking slightly sunnier this morning. The increases today follow the news that house prices rose in June – but analysts are predicting house prices will fall in the second half of this year. Housebuilders Persimmon's share price climbed 6.9 per cent, Berkeley [...]
Property companies’ share prices knocked again as Brexit hangover clings on July 6, 2016 It's been a rough week for property companies – and this morning has been no different. The biggest firms' share prices have fallen off the wrong side of the bed again today as the big Brexit-hangover continues to plague the industry. Read more: Aviva and M&G become latest property funds to suspend trading as investors flee Housebuilders At [...]
Housebuilders suffer second day of share price falls in a row July 5, 2016 Housebuilders are off to a bad start again today as share prices in the UK's biggest property companies are falling for a second day in a row. Despite announcing a six per cent rise in sales, Persimmon's share price slipped by 3.9 per cent in early morning trading. Read more: UK property funds could be in [...]
Housebuilders’ share prices drop after “dire” construction data released July 4, 2016 UK housebuilders' share prices fell this morning after the publication of data showing construction activity fell ahead of the Brexit vote. In afternoon trading Barratt Developments' share price was down 4.19 per cent, Persimmon's fell 4.94 per cent, Berkeley Group's share price fell 4.41 per cent and Taylor Wimpey's share price was down 4.59 per cent. Commercial real estate [...]
Did Boris Johnson just move the currency markets? June 30, 2016 Traders have managed to keep a cool head today, despite the fallout from the UK's vote to leave the EU continuing to shock the political world, and many clamouring to link the two. The FTSE 100 was down, then up, then flat in the first half of the day's trading, standing unchanged at 6,357 at lunchtime. [...]
Should investors be buying shares in Brexit-battered housebuilders? June 29, 2016 Despite something of a recovery on the stock markets in recent days, some sectors out there are still looking pretty rough. Housebuilders are among them. So bad was the post-referendum sell-off, trading in FTSE 100 listed firms was temporarily suspended on Monday as their share prices were hit by two consecutive days of double-digit falls. [...]
Tobacco companies remain an addiction for stock market investors – and Brexit gave them a boost too June 29, 2016 Cigarette companies have been under the cosh for years as Western governments try to stamp out addiction to cancer sticks. But the anti-smoking lobby has failed on one count – to sufficiently dent the fortunes of tobacco companies on the stock market. Despite the battering the UK stock market has taken since Friday’s Brexit announcement, shares [...]
What doesn’t kill you makes you stronger? Housebuilder shares stage partial recovery June 28, 2016 Housebuilders showed that any reaction is a good reaction this morning, after almost all their share prices staged partial recoveries following yesterday's carnage. FTSE 100-listed Barratt, Berkeley Group, Taylor Wimpey and Persimmon all triggered the London Stock Exchange's circuit breaker yesterday, meaning their shares were suspended from trading for five minutes after they fell more than [...]
Berkeley Group’s share price looks up as Tony Pidgley spends £800,000 on shares June 28, 2016 Berkeley Group's share price went up this morning after it emerged the company's chairman, Tony Pidgley, had bought another five per cent of the firm's shares for just under £800,000. In a statement this morning the company said Pidgley has bought 35,061 shares, a 4.7 per cent stake, at £22.69 a share yesterday, its share price plummeted. Director Glyn [...]