Crest Nicholson shares slump as Bellway walks away from £720m takeover Property London-listed housebuilder Bellway has announced it will not make a firm offer to buy rival Crest Nicholson with the company stating that its “strong balance sheet” and land bank would be sufficient to fuel growth independently. Following the announcement Crest Nicholson’s shares slumped by just over 16 per cent to 221p per share. Bellway first [...]
Taylor Wimpey: Housebuilder suffers dent to profit ahead of planning reform Property Housebuilder Taylor Wimpey suffered a dent to revenue and profit in a set of half year results in which it hailed the new government's "recognition" of planning laws as being a "major barrier" to housebuilding.
Barratt: Capacity to build new homes, but not enough land to build on property Barratt is one of the UK's top builiders, but it has struggled to grow this year.
UK housebuilding could fall to half of target without intervention new report warns May 7, 2024 Uncertainty and inflation are hitting builders' output, threating government housebuilding targets.
Taylor Wimpey’s order book shrinks amid ‘value over volume’ approach April 23, 2024 Housebuilder Taylor Wimpey has reported a smaller order book and fewer sales so far this year amid "market uncertainty and affordability challenges" as it looks to growth in 2025.
Dear next government, this is what the real estate sector needs to solve the housing crisis April 23, 2024 Short-term fixes won't get us out of the housing crisis, Daniel Austin writes a letter to the government to explain what will.