Barratt to build 463 Fulham homes July 12, 2012 Housebuilder Barratt Developments announced yesterday that its subsidiary Barratt London, in partnership with L&Q, the housing association, has bought a derelict 8.5 acre site in Fulham from Sainsbury’s. It currently houses a Sainsbury’s store and car park and a large, derelict wharf building. Barratt is set to transform the £420m site into 463 riverside flats [...]
Barratt upbeat as profits rise due to stable housing market July 11, 2012 BARRATT Developments has forecast a big rise in full-year profit, and said yesterday its drive to build new homes on higher-margin land would allow more progress as long as the housing market remained relatively stable. The group said it expected to post a 41 per cent jump in operating profit before exceptional items to around [...]
Barratt sees profit rising in more stable market July 11, 2012 Housebuilder Barratt Developments said it would post a big rise in full-year profit, while its strong forward orderbook meant it saw further scope for progress in the year to come as the UK market remained stable. “The group has made significant progress in both rebuilding profitability and reducing indebtedness during the year just ended,” Barratt [...]
LONDON REPORT July 8, 2012 ALL eyes will be focused on the Treasury Select Committee hearing today, as deputy Bank of England governor Paul Tucker presents his side of the story in the Barclays/ Libor scandal. His appearance will be followed tomorrow by one from Marcus Agius, the former Barclays chairman. Today sees trading updates from housebuilder Bovis – expected [...]
Berkeley Group pays £150m for Murdoch’s Fortress Wapping May 16, 2012 THE FORMER headquarters of News International, based in East London, has been snapped up by Berkeley Group. A source close to the deal told City A.M. that the Wapping site was sold for around £150m. Fortress Wapping, so called when Rupert Murdoch defeated unions and moved away from Fleet Street, was bought by Murdoch in [...]
Housebuilder Bovis expects better margins May 16, 2012 BOVIS Homes said yesterday it expects strong profit growth this year helped by higher average sales prices and improved profit margins, and sees conditions in the UK house building market remaining stable. The company reported 783 private net reservations in the 19 weeks to 11 May, a 33 per cent increase over last year, with [...]
Barratt homes enjoys its best spring sales season in five years May 10, 2012 BARRATT yesterday hailed its best spring selling season in five years, as it focused on more buoyant sections of Britain’s weak property market and government initiatives helped to prop it up. The company, one of Britain’s largest housebuilders, said while the economic outlook remains uncertain, it expects “the various government initiatives to continue to provide [...]
LONDON REPORT May 7, 2012 THE bank holiday began a short trading week in London that is nevertheless crammed full of corporate results, as well as the much-anticipated Bank rate decision. Results are expected today from Hiscox, HSBC and Tui. Tomorrow’s announcements are set to come from EasyJet, Inmarsat, ITV, Sage, Glencore, ICH Group, Balfour Beatty, Prudential, Carphone Warehouse, Weir [...]
Final three shortlisted to build Olympic homes March 28, 2012 THREE competing bidders have been shortlisted to build 800 homes in the first neighbourhood at the Queen Elizabeth Olympic Park after the London 2012 Games. Barratt Homes and Le Frak Organisation, Taylor Wimpey and London & Quadrant as well as East Thames and Countryside Properties, have been selected from a shortlist of six potential developers [...]
FTSE 100 ticks higher as boost for Vodafone helps counter commodity drag March 21, 2012 BRITAIN’S top share index posted a fractional gain yesterday after a volatile session as strength in market heavyweight Vodafone countered weaker commodity stocks hit by below par US data that revived concerns over demand for metals. The UK blue chip index closed up 0.54 points, or 0.01 per cent, at 5,891.95, surrendering a 0.3 per [...]