Youngs Consultancy
Written by Daley Young Issuing a short trading update this month the Berkeley Group expressed confidence in the “long term resilience” of its markets while being “very mindful” of the potential for short term disruption. It reiterated the company’s updated pre-tax profit guidance issued with its interim results in December. The update covering the period from November 1 to
Written by Daley Young Taylor Wimpey’s completions in 2018 rose 2.9% to 15,275 from 14,842 in 2017 including joint ventures with the firm’s pre-tax profit rising 5.5% to £856.8 million from £812.0 million in 2017. Margin increased to 21.65% from 21.3% on revenue of £4.082 billion. Announcing the firm’s final results for the year, TW said it had a
Written by Daley Young Persimmon’s profits hit £1 billion during its year to December 31st, 2018, it reported whilst also announcing its new group chief executive as Dave Jenkinson on 26th February. During 2018, the volume housebuilder’s pre-tax profit climbed 13% to £1.091 billion against 2017, with a 13% increase in operating profits to £1.083 billion. Revenue lifted 4%
Written by Daley Young Kit Malthouse, the housing minister, has called for a “golden period of housebuilding” with housebuilders “building the conservation areas of the future” to win over communities. Sending a message to the Ministry of Housing, Communities and Local Government’s (MHCLG) Better Design for Better Places conference in Birmingham (February 14), Malthouse said that with the increase
Written by Daley Young Bellway completed 5,007 homes in the six months to the end of January 2019, 5.6% ahead of last year. Total revenue is expected to rise by more than 12% to almost £1.5 billion. In a trading statement issued at the beginning of February ahead of its interim results next month, Bellway said it had achieved
Written by Daley Young Along with the announcement of its half year results Redrow says the early weeks of 2019 have seen the new homes market “bounce back” after a subdued end to 2018 and the firm is confident that the Brexit uncertainty will not have “a huge impact” this year. For the period to the end of December
Written by Daley Young James Brokenshire, Housing Secretary will address the industry at this year’s HBF Policy Conference being held in London on Tuesday March 26. With the government pushing the industry hard to deliver 300,000 new homes a year, Brokenshire is set to underline the government’s commitment to tackling the housing issues of the UK. John Healey, Shadow
Written by Daley Young Countryside Properties has reported a strong performed in its first quarter with the business placing more emphasis on private rented sector and affordable properties. Issuing an update on the period from October 1 to December 31 2018, the housebuilder and urban regeneration partner said that its total group completions climbed 28% to 1,094 homes against
Written by Daley Young On February 26th Persimmon will release its full year results but the volume housebuilder has already revealed its achieved another “strong trading performance” during 2018 and expects its pre-tax profits for the year ending December 31 2018 to be “modestly ahead” of current market consensus, with the company benefiting from the new schemes it has
Written by Daley Young Bovis Homes is heading for a “record” year of profits with another controlled period end, it reported in a trading update on January16th ahead of the release of its annual results on February 28. The housebuilder said that during the year to 31 December 2018, it delivered 3,759 new homes in total, rising 3% against