|Bid||1,000.00 x 9300|
|Ask||0.00 x 30100|
|Day's range||1,173.00 - 1,195.00|
|52-week range||740.50 - 1,203.00|
|PE ratio (TTM)||13.26|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
Prime Minister Theresa May will host a meeting on Tuesday with developers and local housing associations in a bid to encourage the industry to build more homes and tackle soaring prices, an industry source said. The housing industry says Britain needs to build around 250,000 properties a year just to meet pent-up demand, which has pushed up prices and rents, stopping many younger people from getting onto the property ladder. PM May has called the housing market broken and vowed to spend an additional two billion pounds to create a new generation of affordable housing.
LONDON, Oct (Shenzhen: 000069.SZ - news) 16 (Reuters) - British Prime Minister Theresa May will host a meeting on Tuesday with developers and local housing associations in a bid to encourage the industry to build more homes and tackle soaring prices, an industry source said. The housing industry says Britain needs to build around 250,000 properties a year just to meet pent-up demand, which has pushed up prices and rents, stopping many younger people from getting onto the property ladder. PM May has called the housing market broken and vowed to spend an additional two billion pounds ($2.7 billion) to create a new generation of affordable housing.
British Prime Minister Theresa May said on Wednesday the government would spend an additional two billion pounds to create a new generation of affordable housing and help fix what she said was a broken ...
** UK housebuilders among top 10 Stoxx 600 gainers after PM Theresa May says will add 10 bln stg into housing scheme aimed at boosting home ownership among first-time buyers ** "Help to buy" ...
The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...
Britain's top share index ended the session higher on Thursday with most sectors in positive territory with the exception of financial stocks, which suffered, alongside the rest of their European peers, ...
British housebuilder Bovis , the subject of two failed takeover bids this year, said on Thursday it would rein in growth plans, reduce its land bank and cut staff under its new boss as profits fell nearly a third. Chief Executive Greg Fitzgerald took over in April aiming to turn around a business hurt by critical media coverage in Britain prompted by complaints about the quality of its homes. While nearly all of Britain's major housebuilders have posted bumper profits in recent years, Bovis has suffered as buyers complained about issues ranging from a lack of sealant in bathrooms to nails poking through walls.
These two shares offer a potent mix of high growth and improving dividend yields which could propel them higher than the FTSE 100 (INDEXFTSE:UKX).
Britain's top share index edged higher on Thursday as Imperial Brands led a rise in defensive, consumer-focused companies while energy shares also gained. The blue chip FTSE 100 index was up 0.1 percent ...
Britain unveiled proposals on Tuesday to ban the sale of new leasehold houses which oblige the owner of the lease to pay ground rent to a freeholder, after concern some buyers are facing sharply increasing costs for years afterwards. In Britain, apartments are mainly sold as leasehold whilst houses are generally sold as freehold.
British shares climbed on Wednesday, helped by a buoyant consumer goods sector after Reckitt Benckiser sold its food business, while housebuilders added to gains. The FTSE 100 gained 0.6 percent, with ...
** Barclays says fears of rate rise impacts for UK homebuilders "overblown"; says rises of 150 BPS needed to breach long-term affordability ratios ** Says fundamentals are strong: attractive ...
Britain's biggest housebuilder Barratt built just 76 more homes in its last financial year than the one before, it said on Wednesday, despite a government drive to end a chronic shortage in housing. Britain needs to build up to double the roughly 200,000 new properties arriving on the market each year just to meet pent up demand, which has pushed up prices and rents, stopping many younger people from getting onto the property ladder. Helped by the higher prices, Barratt posted a better than expected 12 percent rise in pretax profit for the year ended June 30 to 765 million pounds ($981 million).
British housebuilder Galliford Try (Stuttgart: 0GF.SG - news) , which pulled out of a 1.2 billion pound ($1.5 billion) attempt to buy rival Bovis in April, said it expects full-year profit to come in at the top end of analysts' forecasts. Galliford said that it saw a strong performance across all of its businesses, with revenue growth accelerating in the second half at its Linden Homes division. "As we enter the new financial year, we are cautious about the impact of the current political uncertainty following the general election and the medium-term outlook for the macro economy," Galliford cautioned.
Attention focused on earnings on Thursday, with a 5 percent rise in AB Foods leading a steady FTSE 100 index which was supported by the retail and housebuilding sectors. AB Foods rose after reporting a ...
Bovis Homes (Frankfurt: 911164 - news) has raised, by £3.5m, its provision for rectifying build quality issues as it battles to restore its reputation. The housebuilder, which is undergoing a turnaround plan under a new chief executive, announced in February that it was slowing the pace of its construction programme to correct mistakes and that would hit sale and completion rates.
British housebuilder Bovis , which was subject to two failed takeover bids earlier this year after it warned on profits, said it had earmarked an additional 3.5 million pounds ($4.5 million) to fix problems related to its homes. The builder has been subject to negative media coverage in Britain after some buyers complained about the quality of its properties, citing issues ranging from a lack of sealant in bathrooms to the heads of nails poking through walls.
Defensive strength supported the FTSE on Friday but it remained on course for its widest weekly loss in two months after a week of political uncertainty and jitters about the resilience of the consumer engine of the UK economy. British and European stocks had sold off on Thursday as fears grew around the squeezed British consumer and the durability of stronger macroeconomic data which had spurred cyclical sectors higher. The main FTSE 100 benchmark gained 0.4 percent by 1000 GMT, underperforming the European benchmark, Italian and French stocks.
An election upset for Prime Minister Theresa May sent Britain's major share index shooting up on Friday, feeding off a weaker currency, while housebuilders suffered losses as uncertainty about the UK's leadership grew before Brexit negotiations. The FTSE 100 gained 1 percent after Britons dealt the governing Conservative party a punishing blow, denying May the increased mandate she had gambled on and forcing her into an alliance with Northern Ireland's DUP party to command a majority in parliament. Individual winners and losers were largely driven by currency, and some sectors seen as particularly sensitive to Brexit instability also saw heavy losses.