Conservative election victory sparks sharp recovery in housebuilder stocks December 13, 2019 The uncertainty surrounding Brexit and the country’s future has long been blamed as a source of the property market’s recent struggles. However a sizeable Conservative majority in the general election has already resulted in a sharp rise in housebuilder stocks. FTSE 100 firm Taylor Wimpey’s share price rose by 11.4 per cent in early morning [...]
Taylor Wimpey reports strong demand for homes in second half November 13, 2019 House building giant Taylor Wimpey reported strong demand for new homes in the second half of the year despite uncertainties related to Brexit. The company said the UK housing market remained resilient in the second half, but said customer caution increased in the higher-priced markets of London and the South East. Read more: Taylor Wimpey profits [...]
Taylor Wimpey profits drop due to higher costs July 31, 2019 Shares in house builder Taylor Wimpey fell more than six per cent this morning as the company reported a drop in profits due to higher costs. The figures Profit before tax and exceptional items fell 9.4 per cent in the first half of the year to £299.8m from £331m in 2018. Read more: Taylor Wimpey [...]
Housebuilders boosted by Boris Johnson no-deal Brexit budget June 28, 2019 Housebuilders were among the biggest risers in the FTSE 100 this morning after Boris Johnson, the front runner to be the next prime minister, said he would slash stamp duty and tax in the event of a no-deal Brexit. Berkeley Group shares were up 3.16 per cent today followed by Persimmon, which rose 2.63 per [...]
British Land swings to a loss as retail troubles hit property values May 15, 2019 British Land became the latest in a string of property giants to reveal a fall in the value of its assets today, swinging to a loss amid turmoil in the retail sector. The FTSE 100 group, which owns developments such as Broadgate campus in the City of London, reported a £300m loss in the 12 months [...]
Japanese property giant strikes £90m deal with Urban Splash to build thousands of new homes across the UK May 14, 2019 Japan’s largest housebuilder is entering the UK property market after signing a £90m deal with developers to deliver thousands of new homes across the country. In a joint venture with Homes England and Urban Splash, leading modular builder Sekisui House is planning to deliver 2,000 new residential homes a year for the next decade. Read [...]
Housebuilder Barratt eyes full-year results ‘modestly’ ahead of expectations May 9, 2019 Housebuilding giant Barratt has said it expects its full-year results to be “modestly” ahead of expectations after posting a rise in sales for the year so far. The London-listed firm posted sales of £3.4bn to 5 May, up 2.4 per cent on the same period last year. Read more: Barratt Developments builds profit in strong [...]
Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
Persimmon share price dips in wake of Help to Buy contract fears February 25, 2019 Persimmon was among the biggest FTSE 100 market fallers this evening as fears that the property giant could lose its Help to Buy contract weighed on investor confidence. The developer will be hoping to claw back positive sentiment in the City tomorrow in its full-year profit results, after shares closed down nearly five per cent [...]
Bovis shrugs off Brexit concerns as it eyes full-year profits ahead of expectations January 16, 2019 Housebuilder Bovis today said it expects profits to beat market consensus thanks to an increase in new homes and a wider margin. The number of new homes delivered rose three per cent on last year to 3,759, which the company said was in line with expectations. Read more: Persimmon boss picked pub for first big purchase [...]