|Bid||0.00 x 400000|
|Ask||205.00 x 118500|
|Day's range||201.60 - 205.50|
|52-week range||135.21 - 205.50|
|PE ratio (TTM)||12.34|
|Dividend & yield||0.00 (0.00%)|
|1y target est||N/A|
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 ...
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.
The FTSE 100 fell by more than 100 points as global investors continued to act on North Korea-related jitters. The fall comes against a background of increasing tension between North Korea and the US, with the former making a threat to land a missile just short of the US Pacific territory of Guam . At its worst, the FTSE 100 was down 121 points, or 1.6%, at around 3pm, also pressured by some companies going ex-dividend, and disappointing export and construction data.
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 ...
The U.S. dollar’s accelerating reversal, which took euro/dollar to a new 2-1/2 year high of $1.1845 overnight, is no longer just a removal of the post-election ‘Trump trade’. New ground is being mapped ...
Leaseholds on new-build houses could be banned under Government proposals aimed at preventing homeowners being left with unfair fees. More than four million people live in leasehold properties in England, giving them the legal right to occupy and use the property for a set period - usually 99 to 999 years. Ground rent can increase at such a rate that a homeowner could end up having to find many thousands of pounds a year, on top of service charges and their own mortgage payments.
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.
The pound has plunged in value as financial markets digest the implications of a General Election that has left the Conservatives short of a parliamentary majority. Earlier on election day, sterling had hit a two-week high of $1.2978 after polls predicted a comfortable victory for the Prime Minister's party. The pound was also more than 2% down versus the euro at one stage but it recovered some of those losses against both currencies by late morning, when it was clear Theresa May planned to form a new, minority government.
Britain's ruling Conservatives said on Thursday they would deliver 1 million more homes by the end of 2020 and a further half a million by 2022 in a bid to tackle a growing housing crisis and appeal to voters ahead of a June 8 election. The key to this is to build enough homes to meet demand," the Conservatives said in their campaign policy document.
Taylor Wimpey (LSE: TW.L - news) has set aside £130m as it moves to tackle the fallout from controversial leasehold contracts agreed with customers. The company used a statement to investors ahead of its AGM to confirm that a review of lease agreements it drew up over the past decade had resulted in "unintended financial consequence". It promised negotiations with the owners of freeholds to ease pressure on the leaseholders of flats and homes built by the company.
Two of Britain's biggest housebuilders on Thursday expressed confidence for 2017, saying that strong demand from first-time buyers and good mortgage availability had propped up sales growth. Taylor Wimpey ...
It says much about the plight of Bovis Homes that, while all of the UK's housebuilders were making hay on the back of a big mismatch between demand and supply, the Kent-based company actually suffered ...
The importance of London to the UK's housing market cannot be understated. For at least the last 30 years, the fortunes of the capital's housing market have affected what happens elsewhere in the UK, with events in London generally being felt by the rest of the country in subsequent months via a "ripple effect". When house prices in London rise, those increases tend to be followed elsewhere, initially across the south-east of England and then beyond.