Live with your head in the clouds September 26, 2013 Booming demand for residential property causes developers to reach for the sky LONDON has lifted its head firmly into the clouds in recent years as more gargantuan skyscrapers have sprouted up around the city. The Shard, the Heron Tower, the Walkie Talkie and their contemporaries have pierced the skyline and made a similar hole in [...]
Luxurious living locked-up at The Courthouse, Westminster September 26, 2013 Central London homes sit on historical site DEVELOPERS hope they have done justice to the site of a grand old courthouse with its new luxury development at the heart of London. The Courthouse, the latest premium scheme by Barratt London, is located in popular Westminster on the site of the City of Westminster Magistrates Court [...]
Foxtons returns to market at £649m as stocks gear towards housing recovery September 20, 2013 London estate agents Foxtons has floated on the London Stock Exchange at 230p a share. (Release) Market capitalisation for the company is about £649m with gross proceeds raised of £390m. Our deputy editor David Hellier writes: STRONG demand for shares in Foxtons, the London-focused estate agency chain, was last night expected to push the group’s [...]
Private View: On the market in fulham this week September 12, 2013 Fernhurst Road, SW6 £1.79m This four-bedroom house is arranged over three floors. The ground floor features a reception room leading to a kitchen/dining area with French doors that open out on to a south-facing garden. The upper floors offer four double bedrooms, one with an ensuite and one family bathroom. For more information contact Chesterton [...]
Greek unemployment still rising September 12, 2013 Greek unemployment has risen to 27.9 per cent during June, compared with 27.6 per cent in May. Youth unemployment remains high: Greek youth unemployment rate more terrifying than ever: 58.8% — Olly Barratt (@ollybarratt) September 12, 2013
Redrow signs £250m loan as it sets sights on further expansion September 11, 2013 REDROW announced yesterday it has agreed on a new and larger £250m loan with its banks, in a further sign of growing confidence in the housing market. The housebuilder said the four and a half year credit facility, which expires in March 2018, was £50m bigger than the existing facility it replaces, while costs were [...]
Buyers queuing for homes, says Barratt’s chief September 11, 2013 HOUSEBUILDER Barratt Developments yesterday said queues were forming for its housing schemes for the first time since the financial crisis, as the market recovery spreads beyond southeast England. Britain’s largest housebuilder by volume, said yesterday that buyer appetite for its homes was so strong that for some sites it was making five to 10 sales [...]
London Report: Arm’s advance helps to steady FTSE 100 index September 11, 2013 BRITAIN’S blue-chip equity index ended flat yesterday as chip-maker Arm Holdings, boosted by the launch of Apple’s latest iPhone, helped offset profit-taking on DIY retailer Kingfisher after its results. Shares in Arm rose 4.8 per cent in volume one-and-a-half times its 90-day average a day after partner Apple unveiled a new smartphone using the Cambridge-based [...]
Barratt profits jump as their typical house price rises to £194,000 September 11, 2013 Barratt Developments hasn't just seen pre-tax profits jump (up from £100m to £104.8m in the year ended 30 June) but average selling prices too (release). Some solid numbers, and dividend payments are set to recommence (not new information). On that basis, CS are calling Barratt up one to two per cent on the open. A [...]
Best of the Brokers for 09 September 2013 September 8, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com JD WETHERSPOON Panmure Gordon has reiterated its “buy” rating and target price of 806p for Wetherspoons, which is due to report its full-year results on Friday. The broker expects the pub chain to report a “solid” two per cent growth in like-for-like sales [...]