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Real estate
Budget 2021: How the housing market can gain from recent sops
March 04, 2021 09:15 AM GMT| By Team Kalkine Mediaprices of major home builders rose by nearly 6 per cent after the budget announcement. The Budget announced yesterday on 3 March had boosted the sentiments of the housing market. The ongoing stamp duty holiday has been extended till the end of J...
Rishi Sunak’s Budget 2021 Boost Real Estate Sector, Most Stocks Up
March 03, 2021 04:12 PM GMT| By Suhita PoddarSource: godshutter, Shutterstock Summary British Finance minister Rishi Sunak announced extended stamp duty holiday till June end for homes till £500,000. Sunak also announced a new 95 per cent sovereign-backed mortgage guarantee scheme....
Persimmon plc (LON: PSN) releases robust performance with strong housing demand
March 03, 2021 11:07 AM GMT| By AbhijeetSource: TFoxFoto, Shutterstock Summary Persimmon plc delivered a profit before tax of £784 million for FY 2020 ending 31 December. The leading UK housebuilder handed over a dividend of 110p per share to its shareholders. The company sai...
Property prices soar unexpectedly in Feb due to stamp duty holiday
March 02, 2021 11:19 AM GMT| By Suhita PoddarSource: PhuShutter, Shutterstock Summary House prices in February soared unexpectedly, a report said. Property prices jumped almost 0.7 per cent from 6.4 per cent in February. The UK’s property markets are soaring yet again....
Countrywide Connells Merger Gets FCA Green Signal. Will CMA Spoil the Party?
February 26, 2021 10:10 AM GMT| By Suhita PoddarSource: yuttana Contributor Studio, Shutterstock Summary The Financial Conduct Authority has given approval to Countrywide-Connells merger. Countrywide’s shares will stop trading on the London Stock Exchange on 8 March and delisted on Ma...
Why firms have called for a reversal of £1.5bn green homes grant cut
February 22, 2021 01:56 PM GMT| By Kunal SawhneyThe UK government’s £1.5-billion green homes grant is expected to face funding cuts after it was launched in September last year. According to news reports, around 22,165 grants were issued which were worth worth £94.1 m.....
Why did TRIG increase its dividend for 2020?
February 18, 2021 07:23 AM GMT| By Team Kalkine MediaSummary The Renewables Infrastructure Group reported higher dividend payout in 2020 owing to gains in its portfolio value and net assets. The company reported a pre-tax profit of £100 million in 2020, down from £.....
How Countrywide’s Acquisition by Connells Can Be a Gamechanger
February 16, 2021 03:59 PM GMT| By Kunal SawhneySummary Estate giant Countrywide’s shareholders have approved its merger with Connells. Countrywide had agreed to an increased takeover bid from Connells at £130 million. The acquisition of Countrywide by Connells will be complete .....
UK house prices rise with growing demand, says Rightmove survey
February 15, 2021 10:18 AM GMT| By Team Kalkine MediaSummary Asking prices for homes rose unexpectedly across the nation in early February, as per the latest Rightmove survey. Buyers continued to search for homes despite being a bit late for the stamp duty exemption, which will end on 3.....
How price cap removal on energy bills will affect consumers
February 08, 2021 09:06 AM GMT| By Team Kalkine MediaSummary Energy regulator Ofgem is planning to lift its price cap on energy tariffs from 1 April, which would impact about 15 million households. The hike aims to offset the rise in gas prices and aid energy companies recoup Covid-related unpaid.....
Decline in commercial activity seen in UK construction, says survey
February 05, 2021 11:18 AM GMT| By Kunal SawhneySummary There has been a decline in the activity of the UK construction sector in January this year due to renewed downturn in commercial activity, said the IHS Markit/ CIPS survey. The raw material purch.....
UK homebuyers asked to remain optimistic as stamp duty holiday deadline approaches
February 02, 2021 11:55 AM GMT| By Team Kalkine MediaSummary Financial Secretary Jesse Norman did not disclose whether there will an extension in the stamp duty deadline but has asked the buyers to remain hopeful. The stamp duty relief was announced in July 2020 and is due to end i.....
Ibstock Plc (LON: IBST) jumps 11% as Co anticipates higher earnings
January 21, 2021 03:41 PM GMT| By Hina ChowdharySummary Shares of Ibstock Plc (LON: IBST) advanced a little more than 11 per cent on Thursday. The company has said it observed a continuation of improving market trends in the Q4 FY20 with solid sales volume for clay bricks. The com.....
Henry Boot (LON: BOOT) Puts Up Great Show Even During Pandemic
January 19, 2021 03:48 PM GMT| By Kunal SawhneySummary Henry Boot has a strong balance sheet with enough liquidity of £27 million, which the company aims to reinvest in residential, urban, and industrial logistics projects. The company was recently awarded a £40 millio.....
Rightmove (LON: RMV) indicates a drop in asking prices for houses
January 18, 2021 09:28 AM GMT| By Team Kalkine MediaSummary The asking price in the UK declined by 0.9 per cent, revealed the Rightmove report There was also a slowdown in the annual growth rate Rightmove plc (LON: RMV), the largest national online property portal,&.....
What are the major steps taken by Persimmon to increase its forward sales during 2020?
January 14, 2021 03:21 PM GMT| By Kunal SawhneySummary Persimmon Plc had reported its FY20 revenue to drop by 8.8% to around £3.33 billion. The forward sales of the Company had increased by 25% year-on-year to £1.689 billion for FY20. The average weekly sales rate per site grew.....
Landsec’s (LON: LAND) Over One-Third of Rent Remains Due for The December Quarter
January 12, 2021 12:37 PM GMT| By Team Kalkine MediaSummary Of the £112 million outstanding rent that was due on 25 December, £35 million of rent remains unpaid. Of the outstanding amount, a big chunk of £14 million is from those customers who have suspended payment to the comp.....
National Express Group PLC (LON: NEX) temporarily suspends all coach services
January 08, 2021 12:07 PM GMT| By Kunal SawhneySummary National Express (LON: NEX) has decided to suspend its coach services from 11:59 PM on Sunday. The passengers whose trips have been cancelled because of the suspension will either get full refund or will get a free of cost amendment. .....
Hammerson (LON: HMSO) seeks Euronext Dublin debut
December 20, 2020 12:32 AM GMT| By Team Kalkine MediaSummary Hammerson Plc has announced an intention seeking a secondary listing on Euronext Dublin The expected admission of shares on the Euronext Dublin will be effective at 8:00 am GMT on 23 December 2020 Hammerson’s ordinary shares are .....
CDC Group Picks Up Stake in TVS Industrial and Logistics Parks
December 18, 2020 10:00 AM GMT| By Kunal SawhneySummary CDC Group Plc is set to acquire a substantial stake in TVS Industrial and Logistics Parks (TVS ILP) This is for the first time TVS ILP is raising an institutional investment With the deal, CDC will now become a minority stakeholder in .....
