|Bid||2,850.00 x 30300|
|Ask||2,851.00 x 61700|
|Day's range||2,834.00 - 2,861.00|
|52-week range||1,600.00 - 2,861.00|
|PE ratio (TTM)||12.77|
|Forward Dividend & Yield||0.00 (0.00%)|
|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.
The Zacks Analyst Blog Highlights: KB Home, Lennar, Persimmon, Beazer Homes and Toll Brothers
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 ...
By Kit Rees LONDON (Reuters) - The UK's top share index rose to a four-week high on Monday as homebuilders rallied thanks to an extension of a government housing scheme, while airlines and miners also ...
British housebuilding stocks tumbled on Tuesday as big share sales by company founders and growing pessimism among analysts reignited concerns over the resilience of a sector which had enjoyed a strong rally since the Brexit vote. The founder and chairman of property developer Redrow , Steve Morgan, sold 25.9 million shares in the company through his charity foundation on Monday evening, sinking the shares 7 percent on Tuesday. Tony Pidgley, founder and chairman of Berkeley Group , sold 750,000 shares in the housebuilder last week, sending stocks across the sector lower.
** Redrow -7.3 pct, on track for biggest fall since June 2016 & bottom of FTSE 250 ** Chairman and founder Steve Morgan and his charity foundation sells combined 25.9 mln shares via placing at 590p, evenly-split ...
BT Group plc (LON:BT-A) and Persimmon plc (LON:PSN) appear to offer an excellent combination of value and quality.
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** JPMorgan cuts Provident Financial to "neutral" as after announcing further disruption to Home Credit, ...
A flurry of results for heavyweight mining stocks and a plunge in Provident Financial shares injected some energy into European shares on Tuesday, with the region's benchmark indexes ending a three-day ...
** Shares in UK's 2nd biggest housebuilder up 3% at a record high ** H1 pre-tax profit rises 30% to £457.4 mln ; operating margin up by 380 basis points to 27.6% ** Co says housing market remains "confident" ...
Britain's second biggest housebuilder Persimmon (Frankfurt: 882058 - news) said its first-half pre-tax profits rose 30 percent to 457 million pounds ($589 million) but it would remain cautious over land buying due to uncertainty around Brexit. Persimmon, which built just over 15,100 homes across the country in 2016, said its volumes rose 8 percent to 7,794 units in the first six months of the year and that customer interest in its developments remained strong. The firm said the housing market was still "confident" and its reservation rate had risen 2 percent in recent weeks but it would be prudent about buying land for future building, the biggest cost faced by most builders.
European shares ended the week on a strong note as a drop in the euro helped shares in exporters, while investors also focused on a raft of company results with insurance firm Swiss Re hit after missing ...
Shares (Berlin: DI6.BE - news) in British homebuilders slumped on Friday after an article in trade publication Property Week cast doubt over the future of the government's "Help to Buy" scheme which is aimed at boosting home ownership among first-time buyers. An article in Property Week said the government had begun a review of the scheme which could result in it being wound down or replaced before its scheduled end in April 2021.
The British government said that it was incorrect to infer that its 'Help to Buy' scheme, aimed at boosting home ownership, would be cancelled after a review of the programme. Shares of UK homebuilders ...
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.
European shares edged lower on Wednesday, weighed down by weak healthcare stocks and utilities, although gains among basic resources stocks after an upgrade helped cap losses. The pan-European STOXX 600 ...
Britain's second biggest housebuilder by volume Persimmon said first-half sales rose by 7 percent, with a national election, which can often dampen demand as buyers put off major purchases, not affecting ...