Vistry shares plunge after builder warns on profit Property Vistry shares plunged around a third in early deals this morning after the company issued an unscheduled profit warning. The share price has since stabilised, but it remains down by just over 24 per cent. The group has warned that its profit will be £80m lower than expected this year due to issues with some [...]
Galliford Try hikes dividend as profit surges Property Galliford Try has reported a more than tripling in annual profit and hiked its dividend as the housebuilder's earnings surpassed analysts' expectations.
We need more new towns like Brent Cross – but we need them in the right places Opinion Brent Cross is London's newest park town. Its proximity to London has been crucial to making it a success, writes Tom Goodall
JCB issues warning despite sales hitting £6.5bn and profit surge amid housebuilding struggles September 23, 2024 JCB reported a steep 44.5 per cent rise in pre-tax profit to £805.8m, despite wider struggles in the UK housebuilding market.
New home approvals fall to lowest level in a decade as Labour promises planning overhaul September 19, 2024 In the year to June, approvals dropped 12 per cent to just over 230,000 units, the lowest figure for any 12-month period in the last decade.
Labour’s housebuilding plans ‘too reliant’ on private sector September 12, 2024 An influential think tank has argued that the government is unlikely to meet its ambitious housebuilding targets because it is "too reliant" on the private sector.
Barratt Developments to partner with Lloyds and Homes England on housing project September 9, 2024 Barratt Developments has announced a joint venture with Homes England and Lloyds Bank to build thousands of new homes across the country. The partnership will bring together Barratt, one of the UK’s leading housebuilders, Homes England, the government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders [...]
Completions to fall at Barratt amid flurry of updates from housebuilders September 1, 2024 Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of financial updates from UK housebuilders. The company, which is Britain’s biggest housebuilder, reports its annual results on Wednesday September 4, with updates from Vistry and Berkeley Group in the following days. Barratt said in July [...]
Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
Overlooking the role of migrant workers will be the death of our housebuilding ambitions August 17, 2024 Labour’s pledge to get Britain building again is encouraging, but we can’t reach their targets without construction workers – and, crucially, immigration, writes Haman Manak Out of all the sectors addressed in Labour’s early days of government, housebuilding has been one of the big winners. Starmer and co have promised to build 1.5m homes over [...]