London Report: UK retailers set to reveal if tills ringing again September 8, 2013 RETAILERS are set to reveal this week how big an impact the UK recovery is making as consumers return the shops. Reports from Dunelm, Home Retail, Morrisons, Next, Ocado and Sports Direct will show how confident buyers are in the improving economy. Ocado, which will update the market on Thursday, was rated a “buy” by [...]
How new buyers can live in Zone 2 August 29, 2013 The Greenland Place development near Canada Water could be a boon for first timers, says Kathryn Marsh Greenland Place is the latest contemporary development in SE8. Located next to Greenland Docks and Canada Water, the Barratt London development will consist of 562 units of one, two and three bedrooms. The project will be spread over [...]
Hooked on help to buy July 23, 2013 THE GOVERNMENT’S commitment to underwrite hundreds of thousands of mortgages is “like a drug” that will artificially inflate house prices, critics have warned. George Osborne yesterday confirmed details of the next stage of his Help to Buy scheme, which will guarantee £130bn worth of mortgages from January 2014. Buyers will need a deposit of just [...]
The changing skyline of Aldgate June 4, 2013 Aldgate is fast becoming a hub for mixed-use developments offering the best in modern living. Naomi Mdudu investigates. The east end isn’t the only area under major regeneration. Aldgate, which lies within the City Fringe, a transitional area between the financial district and east London proper, is quickly becoming a prime residential spot and is [...]
FTSE 250 Results Round-up – 27/02 February 27, 2013 Barratt Developments, the residential property development company, released results for the six months to December (results) with profits increased by 113.4 per cent to £46.1m. Chief executive Mark Clare said that: Although we remain cautious as to whether the thaw in lending conditions will be sustained, improvements in mortgage lending and the success of the [...]
The Tipster | Safe as housebuilders February 25, 2013 WHILE revenues are likely to be flat, traders expect Barratt Developments to report improvements in its margins tomorrow, which should help to boost profit levels. But the property developer’s shares have surged by nearly 70 per cent over the last year, leading some to declare that most of the good news is already priced in. Capital [...]
What the other papers say this morning February 25, 2013 FINANCIAL TIMES Captain Magic conjures hedge launch The glory days of the hedge fund launch may not be entirely over. Raffaele Costa, a flamboyant former GLG partner and self-styled “Captain Magic”, will this week unveil the first fund at his new firm Tyndaris, in what will be one of the boldest start-ups since 2008. Merkel [...]
RBS and Lloyds results look set to show losses February 24, 2013 STATE-BACKED banks Royal Bank of Scotland and Lloyds Banking Group are both expected to announce full-year results this week, with analysts forecasting both lenders will remain loss-making. Investec believes RBS, which will deliver its 2012 figures on Thursday, will announce an attributable loss of £2.2bn for the final quarter – or a £5.6bn loss for [...]
Housebuilder Bovis predicts forecast-beating profits January 18, 2013 Bovis Homes today added to buoyant housebuilder sentiment as it forecast that profit for 2012 would be ahead of market expectations. A 15 per cent increase in legal completions to 2,355 over the year, a five per cent jump in the average sales price to £170,700 and a “significant” increase in profit margins will all [...]
Best of the Brokers January 17, 2013 BARRATT DEVELOPMENTS UBS has raised its target price on the housebuilder from 210p to 250p and maintained its “buy” recommendation after first half results in line with expectations. The broker expects further margin improvements as profit and loss contributions from recent land acquisitions increases, and expects the group to be debt free by 2015. UBS [...]