Competition watchdog probes Barratt’s multi-billion pound Redrow deal March 15, 2024 The competition watchdog is to investigate Barratt’s £2.5bn acquisition of rival housebuilder Redrow.
Vistry launches buyback as revenue boosted by affordable housing push March 14, 2024 Vistry has reported a rise in revenue during the full year as its transition to affordable housing appears to be paying off.
FTSE 100: What’s moving markets today? March 14, 2024 Asia markets were mixed as the previous Wall Street rally begins to fade, while oil prices climb following Ukraine's strikes on Russian oil refineries. Focus now shifts to key US economic data releases, including producer prices and retail sales figures.
Berkeley and Persimmon to reveal housebuilder pain of interest rate hikes March 10, 2024 UK housebuilders are set to shed light on the state of the fragile property market amid a number of key updates from firms next week. Shareholders are braced to see accounts for Persimmon, Berkeley and Vistry all show a fall in sales numbers after higher interest rates weighed heavily on activity last year. Interest rates [...]
Regulator finds ‘fundamental concerns’ in housebuilding market after year-long investigation February 26, 2024 The Competition and Markets Authority (CMA) has published its final report on the housebuilding market in Great Britain today, and it makes for daming reading for the sector.
Vistry: Housebuilder defends doubled pay packet for chief February 21, 2024 Housebuilder Vistry Group's boardroom remuneration committee has not bowed to shareholder pressure over its chief executive’s hefty salary and bonus package.
FTSE 100: London markets rise after inflation comes in unexpectedly steady February 14, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
Vistry and build-to-rent giant Sigma extend partnership to meet surging tenant demand February 14, 2024 The firm said today it has entered an agreement with build-to-rent specialists, Sigma Capital Group to deliver the quota across a number of UK regions over the next five years.
Barratt sinks and Redrow jumps after £2.5bn megamerger announced February 7, 2024 Two of Britain's leading homebuilders, Barratt and Redrow, have announced a merger agreement worth £2.5bn.
Springfield: London-listed property developer inks £15m affordable housing deal February 6, 2024 Scottish housebuilder Springfield has won a £15.3m contract to build affordable housing in the region. In an update this morning, the London-listed firm said it would be working with Highland Housing Alliance to complete the homes. Innes Smith, chief of Springfield Properties, said:“Within the last eight months, we have signed contracts worth circa £40m with [...]