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Infrastructure and real estate
How Countrywide’s Acquisition by Connells Can Be a Gamechanger
February 17, 2021 02:59 AM AEDT| 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 09:18 PM AEDT| 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 08:06 PM AEDT| 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 10:18 PM AEDT| 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 10:55 PM AEDT| 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 22, 2021 02:41 AM AEDT| 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 20, 2021 02:48 AM AEDT| 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 08:28 PM AEDT| 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 15, 2021 02:21 AM AEDT| 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 11:37 PM AEDT| 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 11:07 PM AEDT| 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 11:32 AM AEDT| 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 09:00 PM AEDT| 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 .....
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Interview with Bronwyn Corbett, CEO of Grit Real Estate Income Group (LON: GR1T)
December 15, 2020 07:30 PM AEDT| By Team Kalkine MediaGrit Real Estate Income Group (LON: GR1T) is a prominent real estate company with a presence across Africa (excluding South Africa), focussing on investing and actively managing a diversified portfolio of assets reinforced by mainly USD and Euro deno...
UK House Price: Rightmove (LON: RMV) predicts 4 per cent 'price rise' in 2021
December 14, 2020 07:31 PM AEDT| By Kunal SawhneySummary Rightmove PLC, the largest online property in the UK, has projected that the house price would grow by 4 per cent in 2021. The current figures indicate that the asking price of properties was 6.6 per cent above the 2019 price The h.....
Housing boost: BoE mulls new mortgage impetus for homebuyers
December 13, 2020 11:44 AM AEDT| By Kunal SawhneySummary Bank of England explores the idea of making mortgage terms more lucid for first-time home buyers. There are reports that such buyers have been left out due to tough lending regulations. The implementation of the proposal could see the h.....
Diversified Grit (LON: GR1T) Positioned for Long-Term Growth
December 10, 2020 12:11 AM AEDT| By Team Kalkine MediaThe potential for African Real Estate The African commercial real estate market is largely in its infancy. Historically, the challenges around security of land tenure, along with the lack of quality tenant counter-parties, and the complexiti.....
SSE (LON: SSE), Equinor (NYSE: EQNR) sell stake in Dogger Bank wind project to ENI (BIT: ENI)
December 05, 2020 02:42 AM AEDT| By Kunal SawhneySummary SSE Plc announced a 10 per cent stake sale in Dogger Bank Wind Farm project to Eni The proceeds realised from the stake sale will be set aside for the utilisation for SSE’s low carbon growth plans Equinor is set to operate the as.....
UK housing upbeat: Mortgage approvals reach a 13-year high
December 02, 2020 07:43 PM AEDT| By Kunal SawhneySummary The housing market has been one of the strongest performing UK sectors this year, after it reopened after the first lockdown in May Mortgage approvals in October reached a high value of 97,500 The primary reason for the rise in demand .....
Renewable stocks in focus as government subsidises onshore and solar projects
November 28, 2020 03:37 AM AEDT| By Team Kalkine MediaThe UK government has decided to double the capacity of renewable energy projects which can ask for support in the next round of subsidy auctions scheduled next year after it consented to include solar power and onshore wind projects for the first ti...
