Persimmon and Barratt to sign Gove’s cladding contract as others stall for time January 30, 2023 A handful of developers plan to sign the government contract to fix buildings affected by cladding and other fire risks in the coming weeks. Levelling up secretary Michael Gove gave developers a six-week deadline to commit to more than £2bn of repairs to fix the issues in buildings taller than 11 metres. This comes on [...]
FTSE 100 close: China reopening boosts Antofagasta and London miners January 9, 2023 London’s FTSE 100 has today extended its robust start to the new year, fuelled by mining giants clinching gains on investors betting commodity prices are on the rise as China dismantles pretty much all of its Covid-19 restrictions. The capital’s premier index jumped 0.33 per cent to close at 7,724.93 points on the opening day [...]
Faith in UK housing market to be restored in new year with M&A on the horizon December 5, 2022 Faith in the UK’s housing market is expected to be slightly restored in the new year, as mortgage rates slow their climb and cancellation rates cool. A rise in mergers and acquisitions (M&A) within the sector may also be on the horizon, according to research at brokerage Jefferies. In a note today, researchers said they [...]
The 30 rising dealmaking stars – but only one of them is a woman October 11, 2022 A NEW ranking of London’s ‘rising star’ public market dealmakers includes only one women in its list of the capital’s top 30 youngsters. The list, compiled by financial intelligence firm MergerLinks, is based on the size of deals and their perceived financial complexity. Goldman Sachs’ Cara Pazdon is the only woman on the list. The City has [...]
Housebuilder Vistry exceeds expectations after bidding on Countryside September 8, 2022 Vistry, one of the biggest housebuilders in the UK, has bagged £1.64bn in forward sales so far this year, as it seeks to ride out the current economic storm as a construction powerhouse with Countryside Partnerships. House completions rose five per cent to 5,409 in the six months to 30 June. Meanwhile, revenue inched three [...]
This week: Housebuilding space to come under spotlight with key players revealing results September 5, 2022 Investors will get a good idea of how the housing market is faring with a trio of leading housebuilders unveiling financial results this week. Barratt Developments, Berkeley Group and Vistry are all set to update shareholders on their performance amid reports the housing sector is losing steam. London-listed housebuilding giants Barratt, Berkeley, Persimmon and Taylor [...]
Vistry swoops in with £1.25bn bid for rival Countryside September 5, 2022 Housebuilders Vistry and Countryside are expected to push ahead with a £1.25bn merger, the boards of both companies said today. The cash and shares offer is based upon Vistry’s closing share price of 741p as of 2 September, and represents a more than nine per cent premium on Countryside’s closing price of 228p on the [...]
Thousands more homeowners to be refunded after ground rents doubled August 24, 2022 Press Association Thousands more homeowners who paid a doubled ground rent on their property will receive a refund after the competition watchdog cracked down on “unfair” leasehold practices. More than 5,000 households in the UK will be compensated after being caught in contracts that saw their ground rents double in price every 10 years. Many [...]
MJ Gleeson doubles home sales as appetite for affordable property offsets inflation July 11, 2022 Low-cost housebuilder MJ Gleeson has doubled its home sales in the past five years, leaving significant material and labour cost increases in the dust. In an upbeat trading update today, the company boasted a more than 10 per cent jump in sales to a total of 2,000 in the year to 30 June. “Notwithstanding the [...]
Doceo Insight – The £81bn jackpot and the investment trusts with the biggest shares July 11, 2022 The number 81 will have different meanings for different people. It might be someone’s age or year of birth. Perhaps the last two digits of a credit card pin. For bus goers in the London area, the number 81 will get you from Slough to Hounslow and back again or, if in Merseyside, from Bootle [...]