Bank of England: Taylor Wimpey, Persimmon and Barratt Developments share prices rise after not-so-super Thursday August 6, 2015 Shares in housebuilders were boosted today after the Bank of England's historic "data dump" struck an unexpectedly dovish note. Taylor Wimpey shares rose 2.19 per cent to 200.5p per share, while Persimmon was 1.22 per cent higher at 2,079p per share and Barratt Developments was 1.4 per cent higher at 650p per share. Read more: Mortgage [...]
Barratt’s plans for 135 homes in Battersea given the green light August 6, 2015 BARRATT London has been granted planning permission to build 135 homes in Battersea, becoming the latest in a raft of schemes set to change the skyline on the south bank of the Thames. The London arm of the UK’s biggest housebuilder Barratt Developments plans to build a 28-storey tower at 12-14 Lombard Road on the [...]
Lloyds, GSK and Vodafone: The 10 shares pension drawdown investors are buying up August 5, 2015 Four months after pension savers were given freedoms allowing them to withdraw their savings and invest it into other areas, they have yet to spend their pension pots on those Ferraris everyone was worried about when the freedoms were first announced. Or that's according to financial adviser Hargreaves Lansdown, anyway, which has listed the top [...]
City Moves for 24 July 2015 | Who’s switching jobs July 23, 2015 CVC Credit Partners Chris Fowler has been appointed managing director in the asset management and investment firm’s private debt team. Based in London, he joins from GE Capital, where he was managing director in the mid-market leveraged finance origination team. Fowler began his career at Morgan Stanley. Lloyds Bank Commercial Banking The bank has announced [...]
Bosley explosion: Four people trapped and major incident declared after explosion at Wood Flour Mills in Cheshire causes multiple casualties July 17, 2015 Update: Four people are still missing, several hours after an explosion caused a wood works in Cheshire to collapse. Police have said a further two explosions have taken place at the Wood Flour Mills wood works in Bosley, Cheshire, and that four people are thought to remain trapped in the building following this morning's [...]
Sky shines but rates warning knocks back UK’s housebuilders – London Report July 14, 2015 BRITAIN’S top share index closed higher yesterday, with broadcaster Sky climbing after Deutsche Bank upgraded the shares and energy stocks rising as crude oil rose. The FTSE 100 index closed 0.2 per cent higher at 6,753.75 points, extending a one per cent rise on Monday when markets welcomed a Greek debt deal. Shares in Sky [...]
FTSE lifted by a housebuilders and AB Foods – London Report July 9, 2015 BRITAIN’S top equity index moved further away from this week’s six-month lows yesterday, lifted by well-received results from Associated British Foods and Barratt Developments. AB Foods, the owner of Primark, gained 5.1 per cent to 3,082p to be the top riser on the blue-chip FTSE 100 after it posted robust results, maintaining guidance and with [...]
Contemporary luxury comes to the North Bank: The Westminster penthouses that are challenging traditional power architecture July 9, 2015 Westminster has drawn the pious and powerful for a millennia, but the only homes to service them seem to be stuffy period numbers with no central heating and little natural light. Sure, there’s plenty of Old England charm in a Georgian terrace, but it’s hardly the height of modern luxury anymore. Interiors from the [...]
Barratt Developments to beat forecasts with 45pc rise in profits July 9, 2015 The figures Housebuilder Barratt Developments is expecting a 45 per cent increase in profits for the year to the end of June, it said in a trading update today. The company is set to beat analysts’ forecasts, with a full-year pre-tax profit up to around £565m, while total forward sales are expected to have risen 29.6 per [...]
July Budget 2015: Buy-to-let tax relief cut hits housebuilders as Foxtons, Barratt, Crest Nicholson and Berkeley Group share prices slide July 8, 2015 Shares in housebuilders and estate agents slid yesterday as the chancellor announced plans to curb the booming buy-to-let sector by cutting tax relief. While homeowners had mortgage interest relief withdrawn 15 years ago, buy-to-let landlords have continued to reap the benefits, with the wealthiest able to reclaim 45p of every £1 they pay in [...]