Mark Kleinman: Britain’s fibre infrastructure proves hard to digest August 22, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at the UK’s altnet sector, a jilted housebuilder and Thames Water’s leaky boardroom. Britain’s fibre infrastructure proves hard to digest Time to hang up? That’s the way many investors feeling about [...]
Barratt pushed ahead with £2.5bn Redrow merger despite CMA concerns August 19, 2024 Housebuilders Barratt and Redrow have decided to push ahead with their £2.5bn merger despite issues raised by the competition regulator. The merger, announced by the companies in February, has been under investigation by the Competition and Markets Authority (CMA) due to concerns that it could significantly reduce competition. The two companies currently hold a large [...]
Barratt’s £2.5bn merger with Redrow now hinges on sale of 10 houses August 8, 2024 A £2.5bn merger between housebuilders Barratt and rival Redrow now hinges on the sale of 10 houses after the Competition and Markets Authority (CMA) said the deal could create local competition issues. In a ruling issued this morning the watchdog said the deal, announced in March 2024, could lead to a “substantial lessening of competition” [...]
Sales rocket to almost £100m at Mondelēz-owned Grenade August 6, 2024 Sales at Grenade, the sports nutrition company owned by Mondelēz International, jumped towards £100m during its latest financial year, it has been revealed. The company has posted a turnover of £93.2m for 2023, according to newly-filed documents with Companies House, up from £59.5m. Its pre-tax profit also increased from £8.2m to £12.1m over the same [...]
Taylor Wimpey: Housebuilder suffers dent to profit ahead of planning reform July 31, 2024 Housebuilder Taylor Wimpey suffered a dent to revenue and profit in a set of half year results in which it hailed the new government's "recognition" of planning laws as being a "major barrier" to housebuilding.
Legal and General rows in behind Reeves’ housebuilding drive with £125m fund July 15, 2024 Legal & General has thrown its weight behind the government’s house building push today with a pledge to inject at least £125m of pension cash into affordable housing.
Mark Kleinman: Water sector’s goodwill will evaporate under Labour July 11, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his fortnightly City A.M. column. This week he writes about the new government’s plans for water firms, housebuilders and Schroders The moment has arrived. By the time City AM readers set eyes on today’s newspaper, Ofwat, the water [...]
Barratt: Capacity to build new homes, but not enough land to build on July 10, 2024 Barratt is one of the UK's top builiders, but it has struggled to grow this year.
Crest Nicholson set to accept £720m Bellway bid as housebuilders eye tie-up July 10, 2024 Crest Nicholson is set unanimously to recommend a revised all-share offer from rival FTSE 250 housebuilder Bellway that values the firm at £720m.
Housebuilder Barratt to deliver profit ‘slightly ahead’ of expectations despite challenging conditions July 10, 2024 In a trading update covering the year to June, Barratt said that total home completions were at 14,004. Although this was down on 17,206 last year, it was still at the "upper end" of the firm's guidance.