Galliford Try profits rise despite loss-making Aberdeen bypass project February 13, 2019 Construction firm Galliford Try’s shares grew 4.8 per cent in early morning trading today as it announced rising pre-tax profit, but warned a no-deal Brexit could hurt its supply chain. The FTSE 250 firm, known for carrying out the redevelopment of Wimbledon Tennis Club, also said in its interim results it was still trying to break free from [...]
Bellway set for revenue bump despite Brexit jitters February 7, 2019 Bellway said this morning that it was expecting a rise is sales over the year ahead, despite echoing the cautious sentiment over Brexit from many of its peers within the property industry. Buoyed by demand for affordable homes and government schemes such as Help-to-Buy, Bellway said in a trading update this morning that it expected total [...]
Redrow hails record profit as founder bows out on a high February 6, 2019 Housebuilder Redrow hailed record half-year profits before tax this morning, striking a resilient tone despite fears of greater uncertainty over Britain's imminent departure from the EU and a “subdued” Christmas. The figures In Steve Morgan’s final trading statement as chairman, the FTSE 250 developer said that pre-tax profits rose five per cent to £185m in [...]
JD Sports owner heads list of the UK’s top 50 taxpayers January 27, 2019 Financiers, hedge fund managers and housebuilders dominated a new list revealing the UK’s biggest taxpayers, published on Sunday. The Sunday Times tax list, which also includes high profile names such as David and Victoria Beckham, estimates the amount of tax paid to HMRC by the UK’s wealthiest people based on publicly available information. Read more: The [...]
Housebuilders lead the FTSE risers as no-deal Brexit risk fades December 5, 2018 Britain's largest housebuilders saw the value of their shares jump this afternoon as the prospect of a no-deal Brexit began to recede. Property heavyweights such as Berkeley Group, Persimmon and Redrow were among the top 10 FTSE risers today as a frantic 24 hours of political tussling in Westminster fuelled the possibility of a “softer” Brexit [...]
Industry veteran Steve Morgan retires from housebuilder Redrow November 7, 2018 While much of today’s property talk has revolved around the bonus-related resignation of Persimmon boss Jeff Fairburn, rival housebuilder Redrow also bid its farewell to founder and chairman Steve Morgan. The industry veteran, who set up the FTSE 250 company in 1974, revealed he was retiring this morning a decade on from returning to the [...]
Housebuilder MJ Gleeson beats housing market blues as profits swell September 17, 2018 Housebuilder MJ Gleeson hailed a rise in profits for its full financial year, crediting it to a growing demand for low-cost homes in the Midlands and the north of England. The figures Profits before tax grew 12 per cent to £37m in the 12 months to the end of June, compared to the same period [...]
Housebuilder MJ Gleeson beats housing market blues as profits swell September 17, 2018 Housebuilder MJ Gleeson hailed a rise in profits for its full financial year, crediting it to a growing demand for low-cost homes in the Midlands and the north of England. The figures Profits before tax grew 12 per cent to £37m in the 12 months to the end of June, compared to the same period [...]
Bovis Homes shares up after profits boost in half year results September 6, 2018 Shares in Bovis Homes were up more than five per cent this morning after the housebuilder reported a strong first-half performance. Read more: Largest UK housebuilder Barratt Developments hits record pre-tax profits The figures Profit before tax jumped 41 per cent to £60.2m this year, up from £42.7m in the first half of 2017. The Kent-based company generated revenue of [...]
Largest UK housebuilder Barratt hits record pre-tax profits and builds highest number of homes in a decade September 5, 2018 The UK's largest housebuilder Barratt Developments has announced record pre-tax profits of £835.5m for the year after building its highest number of homes in a decade. The company said it had built 17,579 homes in the year to June – an increase of one per cent on the previous year. Its average selling price also rose by [...]